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Discussion in 'In The News' started by Ty, Aug 29, 2019.
Post news about efficiency here!
The numbers look great.
They have $55K in the bank
If they raise $100K with crowdfunding:
$45K to R&D
$20K for equipment and prototype builds
$17.5K for social media
$10K for business development
$7.5K for Wefunder
If they raise $1,070,000
$374,500 to R&D
$160,500 for equipment and prototype builds
$187,250 for social media
$107,000 for business development
$80,250 for Wefunder
Then if they raise $1,070,000 they need another $20M to get to vehicle production stage.
Then the numbers are even better. Starting from 2019, the company will make $32M by 2021 and $183M by 2022. They have a 35% profit margin on cars that will cost the customer between $34K and $59K. This is all with production of 4,431 in 2021 and 11,250 in 2022.
Real question is, how many here have already invested in Aptera and how many will within the month? It's a 1000 mile electric three wheeler and that's about 1/3 more than the Elio. The numbers look great and the ROI is 2 years. I hope they announce that they are applying for the ATVM loan because they only need $20M.
I'll semi believe it when I see it.
LOL... They had a conditional commitment letter from the ATVM loan but it hinged on them being able to raise $80M privately. Three months later, the company had folded. This was right when Next Autoworks went under and investors were skittish. Aptera pulled the plug early so they could pay its employees a little severance pay as they closed the doors. Now, the original people are setting up the Aptera shop again to produce vehicles. Hopefully, they are more successful this go around.
Why cant he get government loan backing?
I could understand the previous administration but not Trump's.
He would be just the kind of person to pull some strings for the Elio. No?
Easy. Elio is like the 100+ other applicants for the ATVM loan that got rejected or companies stopped trying. Elio applied for it twice. It's been 8 years since the last loan and Elio motors stopped paying their ATVM loan guy a few years ago. It's a broken loan program and I wish the current administration would have axed it in 2018 like they planned on doing because it's a waste of taxpayers money to pay people doing nothing. Like anything else, you can change the regime but many things just keep rolling on exactly the same.
Here is an interesting efficiency article about the different motors being used in EV's today:
It doesn't cost taxpayers much... they aren't giving out money or loans and the people who are on the ATVM loan panel have other jobs they do primarily.
Two articles that are connected that I think will change the EV landscape a lot and quickly.
The first one here is where Ford invested in a little company called Solid Power Battery
This one is where Solid Power starts up their initial production capability. This battery is solid, can't catch fire, doesn't require much in the way of environmental controls (no heating or cooling the battery), is lighter than Lithium Ion Batteries, and stores 50% more power. This would make the 310 mile range of a Tesla Model 3 more like 450 miles. Ford could use this in their new SUV and probably the F150e. Neat.