Aptera, new investments opened to support production: there are already pre-orders for 1 billion dollars

Last October, Aptera, seen by some as a sort of “new Tesla” (for the level of innovation) had presented the final version of its solar car, the one that would face the final beta tests. In February he had run aground for something, and uncontrolled rumors gave the deliveries for postponed up to two years.

Now we find that Aptera it has reopened public investment, to raise new funds and prepare for production. So the rumors of possible delays were perhaps the prelude to financial difficulties, or at least to a situation that was not easy to sustain.

On a first occasion, Aptera had turned to crowdfunding, collecting 40 million dollars, and over 22,000 bookings. Now the company has announced the availability of shares at a cost of $ 10.5and the total would bring Aptera’s valuation to about 700 million dollarswithout having sold even a copy.

Meanwhile, bookings continued to increase, reaching an altitude of 30,000. Given the expected price of the base model of $ 25,000it is in practice about $ 1 billion in revenues, only if the bookings were converted into real sales. The money still in hand should be enough for a small first batch, while the new funds would be used for mass production at larger volumes.