Aptera Motors has raised more than $24 million at the close of its Series C round of venture funding. The new funds will be used to start initial production of its Aptera Typ-1 (earlier post), a three-wheeled plug-in (in all-electric and gasoline-electric hybrid versions) designed to combine advanced aerodynamics with light-weight composite technology.
|The Aptera Typ-1.|
Additionally, the company plans to use the newly raised funds for a new manufacturing facility located in Vista, Calif., just a short distance from the company’s present headquarters in Carlsbad.
Investors in Aptera Motors now include: Idealab, Esenjay Investments, The Simons Family, The Beall Family Trust and Google, Inc.
The first production models of the Typ-1 are planned to be available in December 2008 with the production rate increasing throughout 2009. With a coefficient of drag one-third of that of a subcompact car and less than half the weight, the all-electric version will get up to 120 miles per charge, while the hybrid version, which will follow in about 12 months, will achieve close to 300 mpg.
Aptera has received more than 3,300 deposits from California-only buyers. California residents can reserve a vehicle now by placing a fully refundable $500 deposit at www.aptera.com.