News & Events zu Aptera Motors Corp (SEV)SEVAptera Motors Corp

HPQ Silicon Signs Cell Evaluation Agreement with Aptera Motors

HPQ Silicon is pleased to announce that HPQ Silicon, through its HPQ ENDURA+ battery initiative, together with its French technology partner Novacium SAS, has signed a Cell Evaluation and Confidentiality Agreement with Aptera Motors. Under the agreement, Aptera will evaluate HPQ ENDURA+ high-capacity 21700 lithium-ion cells based on Novacium's silicon-based anode materials and related cell technology. The evaluation will include laboratory testing. The agreement represents an important step in HPQ's North American battery commercialization strategy, moving HPQ ENDURA+ cells from technology development and internal validation into application-level evaluation.

Aptera Motors Lowers Production Funding Need to $25M

Aptera Motors announced that it now estimates it needs approximately $25M to reach start of production, down from $40M-$45M, and approximately $115M for its full plan through high-volume production, down from $180M-$205M. The estimated reductions primarily reflect anticipated benefits of the Company's previously announced partnership with Launch Design. "This is a fundamentally leaner path to getting Aptera into customers' hands. We've reduced our estimated capital requirements to reach production and brought what we believe could be a self-sustaining business within much closer reach," said Chris Anthony, Co-CEO of Aptera. "By redesigning the Aptera for manufacturability and tapping Launch Design's international supplier network, we believe we are pursuing one of the more capital-efficient paths to production in the EV industry."

Aptera Motors Partners with Launch Design for $44M Strategic Investment

Aptera Motors announced a strategic investment by Launch Design. The partnership covers a production program valued at up to approximately $44M at current exchange rates, spanning assembly fixtures and tooling, vehicle testing, pilot production, and high-volume production work. Those first fixtures and parts are for Aptera's first 40 production vehicles, which the companies are aiming to begin building in the fourth quarter of 2026. The partnership also opens Launch's international supplier network to Aptera. Aptera will pay two-thirds of approved program costs, with the remaining third, up to approximately $15M, paid in warrants to purchase Aptera stock. Additional terms of the agreement and the warrants will be included in a current report on Form 8-K to be filed with the SEC.