• Jul 15th 2011 at 11:49AM
  • 17
2010 Aptera 2e - Click above for high-res image gallery

Reserving an Aptera 2e is, at this point in time, not an option, but that doesn't necessarily mean that Aptera itself is out of the game.

According to GigaOM, the three-wheeled electric automaker is not bankrupt and, in fact, just raised $2.25 million of a planned $3 million by selling securities in its latest effort to get more funds. This ain't no hoax, as Aptera's Form D filing with the Securities and Exchange Commission verifies the number.

$2.25 million is a start, but the big question is whether it will be enough? Well, back in February, Aptera's newsletter emphasized that the automaker was still seeking a Department of Energy (DOE) loan to fund manufacturing of the 2e and sort of stated that without a major influx of cash, production of the 2e will remain on hold.



Photos by Drew Phillips / Copyright ©2010 AOL

[Source: Reuters]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 17 Comments
      vwfailsagain
      • 4 Years Ago
      By the time this ever makes it to production we'll all be driving EVs aleady and nobody will care.
      Gordon Chen
      • 4 Years Ago
      The problem with this car is it's too nerdy. Kinda like how the majority want iPads but manufacturers make these big intimidating machines with specificiations and details and features that only nerds understand and drool over. this car has a lot of tiny bits of high tech details, but even an electric car buyer has the same tastes as a regular car buyer: in the end, they just want a car.
        Smith Jim
        • 4 Years Ago
        @Gordon Chen
        If nerd means wanting to save the planet by cutting CO2 emissions then count me as a nerd. Besides, I'm sure Aptera is aware that this car will not appeal to everyone. Have you ever heard of niche marketing?
      HVH20
      • 4 Years Ago
      It was originally designed to be a niche vehicle and still is. Thats where Paul Wilber went wrong trying to make it into the next "honda civic." If they had more realistic goals, like 250-500 vehicles a year, they could be quite successful on that. Quite honestly, I'm very surprised they got this latest round of funding. Hopefully they don't waste it on rent like they did in their last big empty warehouse in the high rent district. Sadly all that was in their was the towing rig from the x-prize.
      Dan Frederiksen
      • 4 Years Ago
      seeing as the car has poor efficiency which was the entire premise, they would have to go back to the prior more efficient design to matter. their current design will never be relevant. but 2.25m$ will pay a ceo salary for a while.
        Chris M
        • 4 Years Ago
        @Dan Frederiksen
        Given that it would be almost impossible to make a lighter, more streamlined car that was both affordable and road-worthy, Fredriksen's claim of "poor efficiency" is truly ridiculous. Just proves that Fredriksen will call any design that isn't his "poor efficiency" and "too heavy". So where is his design? Totally theoretical, without even a prototype to view. Sorry, Dan, but real automotive engineers must work in the real world.
          EVnerdGene
          • 4 Years Ago
          @Chris M
          at roughly 2000 pounds. it is indeed way "too heavy" Butt, looking at their designs; looks like rube goldberg designs by kids on cad terminals (search rear carrier/suspension for an example) no design for manufacturing, cost engineering, simplicity, elegance, or excellence moving the batteries behind the rear seats was the final nail in their coffin (in this engineer's humble opinion) RIP
          Dan Frederiksen
          • 4 Years Ago
          @Chris M
          see above Chris. I'll be holding my breath for your mea culpa..
        Smith Jim
        • 4 Years Ago
        @Dan Frederiksen
        Inefficient? Compared to what? I believe the Aptera 2e achieved 168 MPGe combined per EPA test methods in the Automotive X Prize competition.
          Dan Frederiksen
          • 4 Years Ago
          @Smith Jim
          according to Steve Fambro, founder of Aptera.. he used the words "the dismal Xprize performance" and called it fat and overweight. I asked him how it could be it did so poorly. and iirc its numbers were not much better than the Tata Indica EV which is an entirely conventional car. but what do I know... : )
      Nick From Montreal
      • 4 Years Ago
      These guys die hard. You've got to admire that. Legendary entrepreneur Bill Gross is (was?) on their board and usually, he likes to cut his losses early so he can move on to something else (Google "IdeaLab"). I'm surprised he hasn't pulled the plug yet.
      Edge
      • 4 Years Ago
      On their first Form D they raised $9.8 million and all of it was sold, now they could not raise $3 million, as $750,000 remained unsold. Not much money for mass production, not that I think this car ever had mass production potential, but if was priced at $8,000 to $10,000 they might sell a few to geeks. Looks to be DF's perfect car, based on all the comments he has left here, and that's not sarcasm on my part.
        paulwesterberg
        • 4 Years Ago
        @Edge
        Given that the areodynamics are almost perfect at 0.15 cd a car like this will be built by a manufacturer at some point. Thats almost 25%-50% better than the most aerodynamic cars on the road right now. It might not be Aptera, but someone will buy their designs even if the company goes bankrupt. It might be a tough sell in the mass market right now but there will be people lined up around the block for such a design if gas costs $20 per gallon in 2030.
          JP
          • 4 Years Ago
          @paulwesterberg
          Good aerodynamics don't have to look like a weird bug and use an unmarketable 3 wheel configuration. This thing was doomed from the start.
          Spec
          • 4 Years Ago
          @paulwesterberg
          Yep . . . there will eventually be vehicles like this. But gas prices are not high enough to cause strong demand for this.
      LEONARD
      • 4 Years Ago
      Aptera can i have a Job now ????
      JP
      • 4 Years Ago
      These guys are still around? Give it up already.
    • Load More Comments
    Share This Photo X