Aptera Motors shuts down, effective today; cites lack of private sector investment to match DOE commitment
Green Car Congress
DECEMBER 2, 2011
Aptera Motors, the developer of an all-electric, three-wheeled lightweight aerodynamic vehicle ( earlier post ) is shutting down. Aptera executives had been engaged in exhaustive due diligence with the Department of Energy (DOE) pertaining to an ATVM (Advance Technology Vehicle Manufacturing) loan.
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