Aptera Signs $44M Production Deal
- On August 20, Aptera announced a $44 Million partnership with Launch Design to design and build their first solar electric vehicle.
- The deal seems like a win-win: Launch becomes an early investor in Aptera Aptera gains a partner with access to volume discounts and mass production facilities Launch is incentivized to help Aptera succeed thanks to its new ownership of Aptera stock warrants.
- The deal answers several questions that had been outstanding for the Aptera launch plans: How can Aptera build thousands of vehicles given that other startups like Lucid and Rivian have burned through million
Unverified
- On August 20, Aptera announced a $44 Million partnership with Launch Design to design and build their first solar electric vehicle.
- The deal seems like a win-win: Launch becomes an early investor in Aptera Aptera gains a partner with access to volume discounts and mass production facilities Launch is incentivized to help Aptera succeed thanks to its new ownership of Aptera stock warrants.
- The deal answers several questions that had been outstanding for the Aptera launch plans: How can Aptera build thousands of vehicles given that other startups like Lucid and Rivian have burned through million
Sources: Frequal