Aptera Motors raises $24,000,000

Aptera Motors Inc. announced today that the company has raised more than $24 million at the close of its Series C round of venture funding.  The Aptera Typ-1 will be the most efficient passenger vehicle in the world. The first production models are planned to be available in December 2008 with the production rate increasing throughout 2009. With a coefficient of drag literally one-third of a subcompact car and less than half the weight, the all-electric version will get up to 120 miles per charge, while the hybrid version, which will follow in about 12 months, will achieve close to 300 MPG. With these results, Aptera Motors aims to change the way the world thinks about personal transportation. Interest is already high as Aptera has received over 3,300 deposits from California-only buyers eager to be among the first to drive this new vehicle.