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Aptera lacks the funds to produce solar EV, hints of design changes | KLRT [Video]

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Startup Funding

Startup vehicle maker Aptera said it has begun production-intent builds on the body for its three-wheel solar EV, although the timeline for actual deliveries might not be quite as bright as it sounds

In a video address accompanying the update, CEO Steve Fambro noted that Aptera chose Italy’s CPC Group for its “incredible ability” to stand up a carbon-fiber body production line in as little as nine months after reaching funding goals.

Then it said something surprising: It’s still not there.

“The start of production for Launch Edition vehicles requires additional capital, and we plan to share delivery timeline details as soon as we can,” explained Fambro.

That appears to contradict what the company had said earlier in February, when it clearly laid out that the completion of its Accelerator Program, a type of crowdfunding that also assured one of the first 2,000 build slots for the vehicle, would be enough to “fund the initial phases of production.”

Aptera Launch Edition core …

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