From their Class B, nonvoting, shares offering (still active to year end) filing with SEC:
Due to our design, we believe that Aptera Roadster’s range will be greater than 1,000 miles, and will have the following features:
g | Lightweight and low drag |
g | 0-60 mph in less than 6 seconds |
g | 3x or more range than other EVs with the same sized battery |
Furthermore, solar power will be an integral part of our platform.
Distribution Plan
Aptera's strategy leverages lessons from Tesla
g | Direct-to-consumer sales |
g | Online promotion/test-drive scheduling & events in key markets |
g | Regional pre-delivery warehousing in leased facility requires little CAPEX |
g | Southern California rollout initially with Major Metro Areas soon after |
g | Mobile service house calls (a model proven globally by Tesla) |
Our Products
When Aptera launches, our first vehicle will have the following features:
| · | Size: Overall Length: 172 in. Overall Width: 88.0 in. Overall Height: 57 in. |
| · | Cargo Capacity: 25 cu. ft. volume |
| o | All wheel drive @ 150kw, and as quick a 3.5 sec 0 to 60 mph |
| o | Front wheel drive @ 100kw, and as quick a 5.5 sec 0 to 60 mph |
| o | Top speed at 100+ mph, with a limited at 110 mph |
| · | Safety: Aptera will be tested to exceed all applicable FMVSS and NHTSA standards |
| · | Range: Offering 4 different options from 250 mile range (25kWh) to ~1000 mile range (100kWhNever Charge Solar array in ~3 square meters/ 700 watts. Self-charges up to 60 kM while simply being parked. |
| o | Never Charge Solar array in ~3 square meters/ 700 watts. |
| o | Self-charges up to 60 kM while simply being parked. |
| o | Solar can be added to Aptera’s hood and Rear Hatch for up to 24 miles of additional free solar charging per day. |
| · | Charging: Standard plugs can be used. 110v STD:13 miles/ hour 500 miles/ hour with rapid DC chargers |
| · | Passengers Seating for 2 Adults + Pet |
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| · | Technology Interface Driver Display + 15”Touchscreen |
| · | Exterior Colors: 3 different options |
| · | Interior Colors: 3 different options |
| · | Pricing $25,900 - $46,900+ |
| o | Custom Interior/ Exterior Colors to create an Aptera that’s unique for you. |
| o | Enhanced Audio gives you an extra 3 channels of audio for sound depth and deeper bass. |
| o | SafetyPilot makes travel easy with level 2 autonomy capabilities. |
| o | Safety divider and accessories to secure your pet while driving. |
| o | Integrated tent and rear awning for camping adventures. |
| o | Take Aptera off road with more ground clearance and tougher wheel covers. |
In addition, we will be introducing two special limited editions:
• Paradigm Edition: built to be the most efficient vehicle on the road with 400 mile range, with:
| · | special paradigm interior features, and |
| · | a target price of $29,900. |
• Paradigm +: built to be the most efficient vehicle on the road with 1,000-mile range, with:
| · | special paradigm interior features and |
| · | a target price of $44,900 |
Environmental Impact
If Aptera produces one million vehicles, we’ll reduce our C02 footprint by seven million tons per year. Each Aptera owner can reduce their carbon footprint by over 14,000 pounds of CO2 per year, what 884 twenty-five-year old pine trees can absorb in a year. If one out of every 20 ICE vehicles on the road were replaced with an Aptera, Americans would save 18 million gallons of gasoline every day or six billion gallons per year (assuming 20mpg ICE vehicle and $3 per gallon gas).
Market Size
We believe our current addressable market is the roadster market which we estimate as 600,000 units per year.
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Competition
The automotive business is competitive.
We face competition from a variety of automobile manufacturers, many of whom have significantly more resources than we do. These competitors include Tesla, BMW, Toyota, and Rivian. More and more of the traditional automobile manufacturers are devoting more resources to developing hybrid and electric vehicles. As a result of this competition, the company may be unable to acquire significant market share. There can be no assurance that additional capital or other types of financing will be available if needed or that, if available, the terms of such financing will be favorable to the company.