Tech Company Financing Transactions
Aptera Motors Funding Round
Aptera Motors, operating out of Carlsbad, secured $24 million from GV and Idealab.
Transaction Overview
Company Name
Announced On
7/24/2008
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series C
Proceeds Purpose
The new funds will be used to start initial production of its Aptera Typ-1, a radically different vehicle designed to marry advanced aerodynamics with light-weight composite technology creating an incredibly powerful, yet extremely safe vehicle that is a joy to drive. Additionally, the company plans to use the newly raised funds for a new manufacturing facility located in Vista, Calif., just a short distance from the company's present headquarters in Carlsbad.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
2778 Loker Ave. W
Carlsbad, CA 92010
USA
Carlsbad, CA 92010
USA
Phone
Website
Email Address
Overview
The company is developing a futuristic hybrid automobile.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Wilbur
Chief Financial Officer
Laura Marion
Chief Marketing Officer
Marques McCammon
VP - Engineering
Tom Reichenbach
VP - Operations
David Oakley
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