02 Dec '11, 10pm

Aptera Closes its Doors, No Three-Wheeled Car For You: Last week we watched Next Autoworks (the former V-Vehic...

Aptera Closes its Doors, No Three-Wheeled Car For You: Last week we watched Next Autoworks (the former V-Vehic...

After years of focused effort to bring our products to the market, Aptera Motors is closing its doors, effective today. This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision. Unfortunately, though, we are out of resources. It is especially disappointing since we were so close.... Aptera executives had been engaged in exhaustive due diligence with the Department of Energy (DOE) pertaining to an ATVM (Advance Technology Vehicle Manufacturing) loan. Our business plan was examined from top to bottom by internal agency representatives, independent consultants and experts in academia. They did an amazing job of vetting us and they tested every possible weakness in our plan. And after nearly two years of discussions, we had recently received a Conditional Commitment Letter for a $150 million loan. The ATVM loan ...

Full article: http://www.greentechmedia.com/articles/read/Aptera-Closes...

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Innovative auto company Aptera Motors is shutting down for lack of capital.

Innovative auto company Aptera Motors is shutti...

aptera.com 02 Dec '11, 9pm

COMPANY TEAM CONTACT TERMS PRIVACY 2765 LOKER AVENUE WEST . CARLSBAD . CA 92010

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