A few months ago the electric car startup stopped taking orders and returned customer deposits for its three-wheeled vehicle, and today Aptera closed its business for good.
Aptera CEO Paul Wilbur sent a mass e-mail explaining the company's decision to shutter its doors. The e-mail explained that the company was tantalizingly close to obtaining a $150 million Department of Energy (DOE) Advance Technology Vehicle Manufacturing loan that would enable them to open a manufacturing facility in Moraine, Ohio, creating 1,400 jobs. However, Aptera couldn't find matching funds from the private market to execute on those plans.
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