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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 (Note: SetterVC does not verify the accuracy of these)

3 signals
Fundraise Recent At-the-market sales at prevailing prices; SEV closed at $1.63 on Oct 8, 2026, a market capitalisation of about $61M 2026-10-01

Filed a $250M universal shelf on Form S-3 with a Cantor Fitzgerald at-the-market agreement for up to $19M of Class B stock

A registered capability, not capital raised: nothing drawn and the shelf not yet effective as of Oct 8, 2026

other Recent Initial warrants struck at $2.20, the Nasdaq Minimum Price on August 14, 2026 2026-08-14

Signed up-to-RMB-300M (~$44M) manufacturing partnership with Shanghai Launch Automotive; Aptera pays two-thirds cash, one-third in warrants - an outflow, not a raise

Conserves cash but dilutes: 3,369,629 warrants issued at $2.20, up to ~$15M of warrants in total

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

Funding

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

Total raised $134M across 4 rounds

Last updated 10-09-2026

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 has been public since October 16, 2025, when it direct-listed its Class B common stock on the Nasdaq Capital Market under the ticker SEV at a $40.85 reference price and received no proceeds. The shares have never traded near that level: SEV closed at $1.63 on October 8, 2026, a market capitalisation of about $61 million, against a 52-week range of $1.29 to $22.43. On October 1, 2026 the company said it now expects to need about $25 million to reach start of production, down from the $40-45 million it had guided to, and about $115 million for the full plan through high-volume production, down from $180-205 million; it credited design-for-manufacturing changes, its Launch Design partnership, international suppliers and a bill of materials rebuilt from actual supplier quotes, and said it still plans to build its first 40 production vehicles by the end of 2026 with customer deliveries in early 2027, subject to timely financing. The shares fell about 15% on that announcement. The same day Aptera filed a $250 million universal shelf registration on Form S-3 together with an at-the-market prospectus covering up to $19 million of Class B common stock to be sold through Cantor Fitzgerald & Co. under a Controlled Equity Offering sales agreement; no shares had been sold under it and the registration statement had not been declared effective as of October 8, 2026. The company remains pre-revenue and pre-production. It held $10.1 million of cash at June 30, 2026, discloses substantial doubt about its ability to continue as a going concern, and raised roughly $24.6 million of gross proceeds during 2026 through August 12 - a $9.0 million January follow-on offering, $14.1 million from warrant inducements and other exercises, and $1.5 million of sales under a $75 million equity line of credit. Operationally it received an EPA Certificate of Conformity for the 2026 Launch Edition on June 18, 2026, ordered bodies and chassis for its first 40 production vehicles on August 4, 2026, signed a manufacturing and contract-engineering partnership with Shanghai Launch Automotive Technology on August 14, 2026 worth up to RMB 300 million (about $44 million, two-thirds payable in cash and one-third in warrants), and reports about 50,000 reservation holders; it also discloses an ongoing SEC investigation covering its securities offerings and the production, design and manufacture of its vehicle.

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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