Aptera Motors closes $9 million public offering

Aptera Motors Corp. (NASDAQ: SEV) completed its public offering of 4.5 million shares of Class B common stock with accompanying warrants, the company announced. The offering priced at $2.00 per share and warrant.

The solar vehicle manufacturer raised approximately $9 million in gross proceeds before fees and expenses. The warrants carry a $2.00 exercise price, are immediately exercisable, and expire five years from issuance. If all warrants are exercised for cash, Aptera could receive an additional $9 million.

A.G.P./Alliance Global Partners served as the sole placement agent for the offering, which was conducted under a registration statement declared effective by the SEC on January 22, 2026.

Aptera plans to use the net proceeds for general corporate purposes and manufacturing readiness activities. These include vehicle validation testing, design-for-manufacturability advancement, production planning, supplier engagements, and long-lead tooling to support production timing.

"The completion of this offering marks an important milestone for Aptera," said Chris Anthony, Co-Chief Executive Officer. "Accessing the public markets allows us to fund the next phase of execution in a way that would not have been possible prior to our public Nasdaq listing last year."

The Carlsbad, California-based company develops solar electric vehicles and operates as a public benefit corporation. Aptera went public on Nasdaq in 2025, according to the press release statement.

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