Aptera Motors

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Aptera Motors Corp. is a company developing an energy efficient electric two-seat three-wheeler solar electric vehicle. The company is based in Carlsbad, California. It was founded in 2019 and became publicly traded in 2025. An earlier company, Aptera Motors Inc., was founded in 2006 but liquidated in 2011 after failing to get enough funding to start production of similar vehicles. The Zhejiang Jonway Group bought the intellectual property of Aptera Motors Inc. in 2012 and operated under the names Zaptera USA and Aptera USA, but ceased operations by 2014 without producing any vehicles. The third iteration, Aptera Motors Corp., was founded in 2019, raised $140 million by April 2025, and another $17M by March 2026. The company ended 2025 with $10M in cash and an annual net loss of $44M. The company stated in its March 2026 financial filing that its low-scale production line will start at the earliest in March 2027, pending raising a further $50 million. In June 2026, a company representative said they're targeting deliveries before the end of the year.