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18, 2009) — In September 2008, when fledgling vehicle manufacturer Aptera named Paul Wilbur president and CEO, the 27-year Detroit auto executive set forth a series of financial goals and product deadlines. “However, we now have to adjust our production schedule to align with financing realities. FOR IMMEDIATE RELEASE.
Featured Specs Battery-powered electric drivetrain Threewheels; 0.15 Cd 1,700 pounds 100-mile cruising range Driving the Prototype of the EV Three-Wheeler By John ODell, Senior Editor Email Date posted: 2009-03-16 21:00:00.0 The company so far has been operating on just $30 million in start-up financing. What Is It?
In December 2008, Aptera’s financing application for the Advanced Technology Vehicles Manufacturing (ATVM) funding program was denied by the Department of Energy. Because when it came to financing, electric vehicles were still seen as more of a scientific experiment than a proven product.
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