Friday, July 25, 2008

Aptera Raises $24M In Series C

Carlsbad-based Aptera said late Thursday evening that it has raised $24M in a Series C funding. The funding announcement came shortly after Google disclosed it had provided funding through Google.org to the company. Funding in this round came from Idealab, Google, Esenjay Investments, The Simons Family, and The Beall Family Trust. Aptera said the funding will be used to start production of the firm's Aptera Typ-1 vehicle, which is a light weight, composite-based hybrid electric and electric vehicle. Aptera said the new funds will be used for a new manufacturing facility located in Vista, California. More information »

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