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Aptera Motors shuts down, effective today; cites lack of private sector investment to match DOE commitment

Green Car Congress

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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11 Intriguing Engineering Milestones to Look for in 2024

Cars That Think

But while these new appliances are more energy efficient, most models require modified electrical outlets and cost hundreds of dollars to install. Long awaited by potential customers and crowdfunders, solar electric vehicles (SEVs) made by the startup Aptera Motors are set to hit the road in 2024, the company says.

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