Recently leaked video footage intended for investors reveals discussions by Aptera Motors co-founders and co-CEOs Steve Fambro and Chris Anthony regarding various aspects of the future of the solar EV startup, including the potential of an IPO.
Updates from prominent solar EV developer Aptera Motors typically come directly from the company itself. The startup is known for maintaining open communication with investors, Accelerator program reservation holders, and EV enthusiasts eager to see solar-powered vehicles reach mass production.
In a recent public update, Aptera’s co-CEOs shared insights on the flagship vehicle’s upcoming app and battery technology, while showcasing the Body in Carbon (BinC) of the three-wheeled EV at JEC World 2024 in Paris.
As Aptera progresses towards scaled production scheduled to commence later this year, the founders acknowledge the need for additional funding to reach this milestone. Despite securing state grants and raising $34 million through crowdfunding, Aptera still requires further capital to bring its solar EV to market.
An Initial Public Offering (IPO) has long been considered a potential solution to Aptera’s funding needs. According to recent video footage, an IPO remains a key objective for Aptera’s co-CEOs, who have ambitious plans for utilizing public funding to propel the company’s growth.
Aptera founders target IPO around start of SEV production
The YouTube channel Free Power released a video featuring Aptera co-CEOs discussing the potential IPO and its implications for solar EV production commencement and beyond.
According to Aptera representatives, the leaked video footage originated from an exclusive investor-only webinar. The co-CEOs expressed their desire to align the IPO with the production start to leverage increased visibility and pre-orders for future growth and vehicle variants.
“We would love to tie an IPO to our production start…if we can tie an IPO to our production start, that kind of maximizes the benefit of everything.”
Fambro reiterated the importance of continuous fundraising for startups like Aptera, emphasizing the need for capital to realize their solar-powered vision. Anthony added, “We aspire to deliver one million Aptera by 2033…an IPO can help us rally the capital to do that.”
As Aptera progresses towards scaled production, public interest and investor attention are expected to grow, potentially facilitating the company’s path to an IPO and mass production.
Aptera is currently developing production-intent builds for validation and crash testing, with plans to disclose partner supply agreements once finalized.
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