Aptera Raises $24 Million in Series C Funding Round

The electric version of the three-wheeler would drive 120 miles per charge, while a hybrid version due for release near the end of 2009 is meant to achieve 300 miles per gallon.

Published: 26-Jul-2008

Aptera Motors, the electric car start-up that on Tuesday nabbed funding from Google.org, announced Thursday that it has secured $24 million in a series C round.

The Carlsbad, Calif., company aims to spend the funds on its manufacturing center in nearby Vista.

Aptera has set the end of this year for the release of its all-electric Typ-1, a two-seater, three-wheeled electric car whose streamlined shape might look at home in a Jetsons cartoon. Each street-legal vehicle would cost less than $30,000.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Powered by advanced lithium-ion batteries and two 67bhp (50kW) electric motors to drive the front and rear axles, the Mixim is a four-wheel-drive car with a theoretical top speed of 112mph and a potential maximum range of 156 miles.

Dodge ZEO is 2+2 electric muscle car for the 21st century powered by 200kW electric drive with 0-60 mph in less than 6 seconds and range of 250 miles.

The Air Car may do better than fuel-cell cars, but experts say that using grid power to charge a battery-powered electric vehicle is much more efficient than using electricity to compress and store the same amount of energy in a tank.

READER COMMENTS

blog comments powered by Disqus