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Aptera Motors

Carlsbad, CA Transportation Public

Aptera Motors develops and manufactures solar electric vehicles (SEVs). The company designs ultra-efficient three-wheeled, two-passenger vehicles with integrated solar cells capable of 400+ miles per charge and up to 40 miles per day of solar-powered driving. Founded in 2019 as a relaunch of the original Aptera Motors (2006-2011), the company transitioned to public markets via Nasdaq in October 2025 under ticker SEV.

Public Company

Aptera Motors is publicly traded

Listed directly on Oct 16, 2025

SEV NASDAQ

This company is no longer available on our private secondary market. Shares can be traded publicly under SEV.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2019

Employees

51–200

Total Funding

$134M

4 rounds

Last Private Valuation

$1.3B

Oct 16, 2025

Secondary Signals

2 signals
Strategic Recent 2026-08-11

Q2 2026: $10.1M cash, going-concern doubt disclosed in 10-Q, needs $40-45M more for low-volume production

Elevated dilution/liquidity risk ahead of any secondary interest

Fundraise Recent amount $9M gross; $2.00/share, plus up to $9M more if warrants exercised 2026-01-26

Closed $9M follow-on public offering: 4.5M Class B shares + matching warrants at $2.00/share

New primary capital post-listing at a much lower per-share price than the listing reference

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $134M across 4 rounds

Last updated 08-19-2026

DateRoundAmount RaisedValuationLead Investors
Oct 16, 2025 Direct listing (Nasdaq: SEV) No primary proceeds (direct listing) $1.3B Not disclosed
Jun 2021 Regulation A / Equity Crowdfunding (multiple tranches 2021-2024) $130M $0.83B Not disclosed
Feb 18, 2021 Series A Forbes $4M Not disclosed

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$1B 2022 2023 2024 2025 Aptera Motors

Entry · Regulation A / Equity Crowdfunding (multiple tranches 2021-2024)

$835M

Jun 2021

Aptera Motors today

$1.3B

Oct 2025 · latest mark

Aptera Motors multiple

1.6x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Chris Anthony

    Co-Founder & Co-Chief Executive Officer

    LinkedIn
  • Steve Fambro

    Co-Founder & Co-Chief Executive Officer

    LinkedIn
  • Tom DaPolito

    Interim Chief Financial Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Tesla

    Global leader in battery electric vehicles and clean energy; mass-market passenger EVs, trucks, and powertrains.

  • Lucid Motors

    Luxury electric vehicle manufacturer; focuses on high-performance sedans and SUVs.

  • Rivian

    Adventure-focused electric vehicle manufacturer; specializes in electric trucks and SUVs.

  • Fisker

    Electric vehicle designer and manufacturer; luxury and performance-oriented EVs.

  • Faraday Future

    EV technology and automotive company; focuses on intelligent ultra-high-performance vehicles.

  • Karma Automotive

    Manufacturer of electric and hybrid vehicles; extended-range and performance-focused design.

Aptera Motors Investment FAQ

Aptera Motors FAQ

Yes, Aptera Motors is publicly traded under the ticker symbol SEV on the NASDAQ. The company went public in Oct 16, 2025.

Aptera Motors trades under the ticker symbol SEV on the NASDAQ. It began trading in Oct 16, 2025.

Aptera Motors (SEV on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker SEV to place an order.

Aptera Motors went public in Oct 16, 2025 via direct_listing, with an offering valuation of approximately $1.3B. Aptera Motors went public by direct listing on the Nasdaq Capital Market on October 16, 2025 under ticker SEV, registering ~31.7M existing Class B shares at a $40.85 reference price (~$1.3B implied) and raising no new capital. The stock has since fallen sharply: SEV closed at $2.10 on August 18, 2026, a market capitalisation of roughly $78.6M on ~37.4M shares. The company remains pre-revenue and pre-production, funded post-listing by a $9.0M January 2026 follow-on, two warrant inducements (~$6.3M in March and ~$5.96M in July 2026) and a $75M equity line of credit, ~$24.6M gross in 2026 to date; it held $10.1M of cash at June 30, 2026, disclosed substantial doubt about going concern in its Q2 2026 Form 10-Q, and estimates it needs a further $40-45M to reach low-volume production and $140-160M for high-volume production.

Aptera Motors raised $134M across 4 disclosed funding rounds prior to its public listing.

Aptera Motors was co-founded by Chris Anthony, and Steve Fambro in 2019.

Aptera Motors is headquartered in Carlsbad, CA.

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