Home | Business News | Browse by Publication | S | San Diego Business Journal

Aptera revs up plans for new electric car: company seeking to raise $75 million before launch.

Publication: San Diego Business Journal
Publication Date: 13-APR-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Aptera revs up plans for new electric car: company seeking to raise $75 million before launch.(Aptera Motors Inc.)

Article Excerpt
In the race to introduce new electric automobiles, Vista-based Aptera Motors plans to roll out a three-wheeled, battery-powered two-seater in the fourth quarter.

Still, it trails two other California startups, Tesla Motors and Fisker Automotive, in funding.

Aptera President and CEO Paul Wilber says he's raised $30 million from such investors as Idealab, Google.org, and Esenjay Petroleum. Recently the company embarked on a Series D round to raise $75 million to take the aerodynamically-inspired car through launch.

That trails the $178 million that Irvine-based Fisker, a joint venture between Fisker Coachbuild and Quantum Technologies, raised to develop a hybrid sports car, which it intends to begin selling this year. Tesla of San...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from San Diego Business Journal
Startup Medical College to offer certificate training: classes in five..., April 13, 2009
Have plane, will travel for lower cost health care: medical tourism gr..., April 13, 2009
Traversa picks up series B funding.(A SAN DIEGO BUSINESS JOURNAL SPECI..., April 13, 2009
Biocom panel looks at impact of outsourcing.(BIOTECH), April 13, 2009
Board shuffle: Carl Icahn, the billionaire activist investor who owns ..., April 13, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.