Customer Story

Aptera Motors

Aptera has raised over $100M on Issuance from 2021 through present, bringing on over 15,000 individual fans, followers, and pre-order customers as investors in the firms high-growth solar-powered EV business model. Learn how Aptera is fueling their path to production (and to an IPO) with growth capital raised on Issuance.
Location
Carlsbad, CA
Industry
Solar Electric Vehicles
Website
aptera.us
$116M+
Raised on Issuance
Multi-Offering Strategy

Aptera's long track record of consistent fundraising from the general public has included offerings of virtually every type offered by Issuance's technology – each serves a different purpose to catapult the company forward on their production timeline to release vehicles to reservation holders.

  • Regulation A – offerings with a high max. raise amount, used to accept investment from all fans and followers
  • Regulation D – strategic offerings available to accredited investors only, used to offer favorable terms/perks to high net worth audience members investing a larger amount.
  • Regulation CF – small offerings of $5m or less, used to accept investment from non-accredited and accredited investors alike (e.g. 'Community Round') without a broad public-facing marketing push required of a larger deal like a Reg A.

After raising capital on Issuance through every iteration of the Issuance platform's capabilities, and serving as inspiration for numerous expansions of platform functionality, Aptera Motors Co-Founder & CEO Chris Anthony had this to say:

"Over the past couple of years, Aptera Motors has harnessed the full potential of the Issuance platform to effectively manage a substantial sum exceeding $80 million in growth capital, sourced collaboratively from a diverse group of over 15,000 investors. Serving as the cornerstone of our thriving capital acquisition, their skilled team and innovative technological solutions have played a vital role in our accomplishments. From the platform’s streamlined checkout process to the aid of their dedicated support team, we are excited to have Issuance as a strategic partner poised to propel our forthcoming online capital mobilization."
An early prototype Aptera vehicle outside the company's headquarters.
Results Across Offerings
  • 2025 Reg A (ongoing) – $5,251,706.00 total raised [as of the date of writing]
  • 2025 Reg D (ongoing) – $1,442,175.00 total raised [as of the date of writing]
  • 2024 Aptera Reg D (closed) – $4,846,275.00 total raised
  • 2024 Aptera Reg CF (closed) – $4,992,855.00 total raised
  • 2024 Aptera Reg A (closed) – $18,178,734.00 total raised
  • 2023 Aptera Reg D (closed) – $1,549,495.50 total raised
  • 2022 Aptera Reg A (closed) – $22,146,820.50 total raised

In total, Aptera has raised $58,408,061.00 to date on the current full-service Issuance Platform that launched in Q4 of 2022. A longtime Issuance user, Aptera's previous offerings on Issuance's v1 platform (which offered a highly refined investor checkout UX but limited backend functionality compared with today's product) saw the EV innovators raise approximately $58.5 million in total prior to Q4 2022. When accounting for the v1 platform era, Aptera Motors has raised a combined $116M and counting with the help of Issuance's technology over the last 5 years – representing a significant capitalization that has helped power their journey on the road to commercial vehicle launch (currently slated for later this year).

A Valuable Relationship

From the Issuance perspective, the Aptera Motors relationship has been instrumental in shaping who Issuance is today. While we have served well over 100 customers across a broad and diverse range of industries, Aptera's high-volume usage has served as a critical proving ground for the capabilities of the Issuance technology. Many of the features, functionality, and UI capabilities of the current Issuance platform were influenced in whole or in part by user experiences, observed UX trends, or direct feedback generated through our provision of technology for Aptera's fundraising efforts over time.

Another success story