Aptera Nears Production After $24 Mil. Cash Infusion

In its latest round of funding, Aptera has raised more than $24 million to begin production of both its Typ-1 electric car and Typ-1 plug-in hybrid. Major venture partners include Google and Idealab.

Published: 31-Jul-2008

Initially only available in California, Aptera’s business plan calls for production of its Typ-1 fully electric vehicle (EV) to begin this December. The Typ-1 EV will cost around $27,000 and get 120 miles per charge. Each charge should cost under $3, depending on electricity rates.

The Typ-1 EV will be followed 12 months later by the introduction of the $30,000 Typ-1 plug-in electric hybrid vehicle (PHEV), which Aptera claims can get 300 miles per gallon. However, the company readily admits that with a PHEV fuel economy is difficult to describe with one number.

For example, the Typ-1 PHEV can drive 40 miles on electric power alone, but as soon as you get over that threshold, you start using fuel. As such, on a 50 mile trip the Typ-1 PHEV would have a fuel economy of 1000 miles per gallon.

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