Aptera Motors Corp - Class B — Quarterly Balance Sheet (NASDAQ:SEV)

Aptera Motors Corp - Class B

Aptera Motors Corp. is an American solar electric vehicle manufacturer based in Carlsbad, California which intends to manufacture an electric two-seat three-wheeler. Founded as Aptera Motors Inc. in 2006, the company was liquidated in 2011 with no vehicles mass-produced. A second company named Aptera USA owned by Zhejiang Jonway Group was launched in 2012 but appeared to cease operations by 2014 and produced no vehicles by 2019. A third company, Aptera Motors Corp, was relaunched by the original founders in 2019. The company started being publicly traded on the NASDAQ in 2025. The 2019 company had planned to start deliveries of its vehicles since 2021. It had raised $140 million from 2019 to April 2025 and another $17M by March 2026. Aptera ended 2025 with $10M in cash, an annual net loss of $44M, and as of March 2026 it plans starting low-scale production no earlier than March 2027 pending raising a further $50 million.

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Aptera Motors Corp - Class B