Aptera Motors (SEV) Emerging Growth Conference summary

Vehicle proposition and technology

• Standard version targets 400 mi of range, with full solar generating up to 40 mi of daily range from an approximately 800 W package; stated price is $40,000.

• Efficiency-focused design uses about one-quarter of the energy per mile of an average EV, enabling a smaller battery; solar could provide over 10,000 mi of annual driving in some locations.

• Three-wheel architecture, lightweight carbon-fiber structure and efficient drivetrain are positioned as a technology moat; solar package testing is underway in Southern California.

• Safety features include a low-mounted battery, side-impact beams, frontal crumple zones, airbags and a roll cage; the tested body structure was described as having the highest roof-crush strength among passenger cars.

Manufacturing and launch roadmap

• First vehicles have left the validation assembly line and are undergoing road testing; validation includes crash, durability and software integration testing.

• First customer delivery is targeted by year-end, with production scaling planned for 2027; the 14-station assembly line is being refined.

• Initial Launch Edition simplifies production to 400 mi range, full solar and front-wheel drive; the first 5,000 vehicles are planned in one color, range and interior package.

• Carlsbad facility has capacity for more than 20,000 vehicles annually in under 100,000 sq ft; further production steps require funding for larger injection-molding and aluminum die-casting tools.

• A $42M California Energy Commission program includes an estimated $21M in matching-grant spending for solar and battery production lines.

Funding and capital strategy

• Since going public in October of the prior year, raised $17M in public markets and $3M through an equity line; the first-quarter $17M raise is funding the validation program.

• Management estimates a $45M–$50M plan to reach first deliveries and low-volume production, phased over roughly the next 12 months.

• A $75M equity line is in place, with $3M drawn; remaining line capacity and continued public-market access are expected to support phased liquidity needs.

• High-volume production will require more automated assembly components and a sales and service network, with plans discussed over the next 12–24 months.