this post was submitted on 18 May 2024
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Electric Vehicles
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Their story is interesting, but also depressing. They were competing for government EV subsidies at the time and then the rules changed at the 11th hour, and they were excluded because their vehicles had 3 wheels instead of 4. Meanwhile, Tesla did get the funding.
Aptera was forced to sell everything to a Chinese firm, who never did anything with it. Then, a few years ago, Aptera’s original founders found the money to buy it all back and drafted a new roadmap to market.
It’s been touch-and-go this time around, too, but their technology and basic principles are just brilliant. The sheer practicality of what they are making is unmatched by anyone anywhere. I’m excited to see this finally come to market!
Huh I didnt know this story. Thanks for sharing!