Down, but not out: Aptera raises much-needed $2.25 million

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]

Share This Photo X