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Aptera fresh out of greenbacks, closes up shop
Bummer for fans of teardrop shaped three-wheelers, as your favorite chariot, Aptera's 2e, will never see the light of day. Despite getting the ball rolling on a $150 million loan from the DOE, subsequent funding and time just weren't on the startup's side. An unfortunate prognosis, as CEO Paul Wilbur revealed the company had been working on a $30,000 mid-sized sedan that would have touted 190 miles of electrical range. He's still adamant the company had "never been closer" to realizing its vision, but hopes someone else can carry on Aptera's torch. Those nuggets and more await in what is possibly the company's final tell-all after the break.
