Aptera goes live on the NASDAQ on October 16, 2025 under the ticker symbol “SEV”

[chl]

Just got an update today with a link to this video:

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[Grumpy2]

How can Aptera, or Slate, ever pass the IIHS testing?
I think a better bet is a slot machine.....

 

[chl]

How can Aptera, or Slate, ever pass the IIHS testing?
I think a better bet is a slot machine.....

Not sure about the Slate, but the Aptera is a 3-wheeler so uses different testing requirements than say a F-150, more like the motorcycle testing requirements.

However, it is equipped with safety features like airbags, seat belts, etc. and they are doing crash tests.

More safety components than my HD Sportster.

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Aptera prioritizes safety through a Formula One-inspired, high-strength carbon fiber safety cell, designed with robust crumple zones and an angled firewall to protect occupants. The three-wheeled electric vehicle features a low center of gravity, active safety systems like automatic emergency braking, four-camera visibility, and airbags, despite being classified as a motorcycle.

Key Safety Features:

• Safety Cell & Structure: The body is constructed from Carbon Fiber Sheet Molding Compound (CF-SMC), a material stronger than steel or aluminum that redirects impact energy away from the cabin.
• Crumple Zones: Front and rear sections are engineered to absorb impact, with front crumple zones comparable in size to a Tesla Model 3.
• Active Safety & Vision: Includes an anti-lock braking system (ABS) and four integrated cameras (side-view, rear-view, and backup) for 360-degree visibility.
• Safety Pilot (Optional Upgrade): Offers advanced driver-assistance features, including lane-keeping assist, adaptive cruise control, and emergency braking.
• Stability: A wide stance and low center of gravity provide superior handling and balance.
• Battery Safety: The Battery Management System (BMS) monitors for overcharging and thermal issues, with the ability to shut down power if necessary.

Aptera's design has led to the removal of helmet requirements in certain states (e.g., Montana and Texas) due to its enclosed, high-strength passenger cabin

 

[chl]

See also:
https://aptera.us/article/how-does-aptera-prioritize-safety-in-its-design-and-production-processes/

 

[Grumpy2]

My mistake, I thought a steering wheel and side by side seating would make it meet the existing vehicle standards.

 

[chl]

My mistake, I thought a steering wheel and side by side seating would make it meet the existing vehicle standards.

I don't know much about the standards, but Aptera has a board of directors with members who have many years of automotive industry experience, so I trust they will handle all that.

 

[chriserx]

If memory serves, it's anything less than 4 wheels gets treated as a motorcycle/autocycle, it's also one of the reasons it didn't qualify for the now defunct EV credit, and they pushed pretty hard to get people to talk to their reps for a change in the rules.

 

[RickLightning]

Back in October, there was discussion about them holding their $5 value. Currently at $1.50, last week they announced a public offering at $2 a share, and stock fell to $1.50, where it has hung for the past week.

The fact that they needed that small amount of cash, so quickly, doesn't bode well to me.

 

[TaxmanHog]

The fact that they needed that small amount of cash, so quickly, doesn't bode well to me.

That sounds like to path AMV / NXUR went, at some point the sole standing CEO will do an impromptu Live Youtube to declare insolvency to the remaining shareholders.

I hope I'm wrong, just another Cap/Loss to post against more prosperous investments.

 

[chriserx]

I mean look at Tesla from June 2010 to January 2013. That being said, there is a lot more to hold Aptera back, the biggest, the bankruptcy of 1.0. I like the design and efficiency, I'd take one in a heartbeat even without the solar panels. The upside for Aptera is significantly less than for Tesla. Tesla shot for the moon and built a halo vehicle. With that R&D you can strip and cheapen for your mass market lineup. It's a much more difficult/expensive path to do the reverse. I hope they do well as I believe in the goal, but I'm also skeptical of any significant ROI.

 

[chl]

They also make and sell their solar panels for RVs to at least one RV maker.

They seem to be on the precipice of production.
For the latest institutional stock offering (the $2 mentioned above) they got $9 million gross and expect to get up to $18 million gross.

From the email I got:

" We recently completed an approximately $9 million equity raise led by institutional investors, adding new capital to support our validation program and manufacturing readiness. If all related warrants are exercised, total gross proceeds could reach approximately $18 million. This funding works alongside other tools we’ve preserved, including our Equity Line of Credit and non-dilutive sources such as our California Energy Commission grant.

On the engineering side, momentum continues to build. Six vehicles are currently on the validation assembly line, with four more starting soon. These vehicles are helping validate both the vehicle and the assembly process as we work toward certification and production readiness. We’re incredibly grateful for the support of the Aptera community. Your belief in what we’re building drives our progress and keeps our mission moving forward. This year is all about execution, as we work diligently toward our goal of delivering Aptera vehicles to customers in 2026.

Thank you for being part of our journey. "

So I remain optimistic.

PS: the liquidation (an Assignment for the Benefit of Creditors, not a federal bankruptcy proceeding) occurred in 2011 - DOE refused to give them a grant without $80millin matching private funds and Aptera could not raise it.

In an ABC the Creditors may get more money back from the sale of the assets because the procedure is less expensive, faster and without Federal rules and Federal court oversight, so they tell me.

"Both processes involve selling assets to pay creditors, ABCs are generally faster, cheaper, and private, occurring outside federal court oversight, unlike formal bankruptcy "

If interested in more details about the two proceedures, see: https://harneypartners.com/partner-perspective-james-sweet-steinhilber-swanson-llp/

 

[chl]

PS: I am in line to get one of the first 2000 off the assembly line if things go according to plan...fingers crossed.

 

[TaxmanHog]

PS: the liquidation (an Assignment for the Benefit of Creditors, not a federal bankruptcy proceeding) occurred in 2011 - DOE refused to give them a grant without $80millin matching private funds and Aptera could not raise it.

In an ABC the Creditors may get more money back from the sale of the assets because the procedure is less expensive, faster and without Federal rules and Federal court oversight, so they tell me.

"Both processes involve selling assets to pay creditors, ABCs are generally faster, cheaper, and private, occurring outside federal court oversight, unlike formal bankruptcy "

If interested in more details about the two proceedures, see: https://harneypartners.com/partner-perspective-james-sweet-steinhilber-swanson-llp/

I'm very familiar with all forms of liquidation process, it was the core of my professional work with IRS.

 

[chl]

I'm very familiar with all forms of liquidation process, it was the core of my professional work with IRS.

Just posted it for those who aren't aware, and had said Aptera declared bankruptcy in the past which was not exactly accurate.

Some business people who became politicians seem to have made declaring bankruptcy a way of life, lol.

Other people have to do it to survive after major medical bills threaten their existence for example.

Anyway, hope Aptera doesn't end up liquidating, not because of the I invested early on, but because they have a compelling vehicle and it would be a shame to have that shelved.

 

[chl]

New review of the Aptera vehicle:

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