July 29, 2008

APTERA WILL START PRODUCTION:

Aptera Motors announced today that the company has raised more than $24 million at the close of its Series C round of venture funding. The new funds will be used to start initial production of its Aptera Typ-1, a radically different vehicle designed to marry advanced aerodynamics with light-weight composite technology creating an incredibly powerful, yet extremely safe vehicle that is a joy to drive. Additionally, the company plans to use the newly raised funds for a new manufacturing facility located in Vista, Calif., just a short distance from the company’s present headquarters in Carlsbad.

I’ve mentioned the Aptera before. More on the car here. I’d seriously consider buying one, but as of now they’re only selling them in California.