Item 7.01 Regulation FD Disclosure. On October 1, 2026, Aptera Motors Corp. (the “Company”) issued a press release announcing updates to its estimated capital requirements and production timeline. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.
Filed Oct 1, 2026Accepted Oct 1, 2026, 8:05 AM EDTCIK 1786471Accession 0001493152-26-045258
We are an automotive technology company focused on developing and manufacturing highly efficient solar electric vehicles (SEVs). Our flagship vehicle, the Aptera, is a three-wheeled, two-passenger vehicle designed for efficiency and sustainability. We believe Aptera’s unique design, incorporating solar charging capabilities and aerodynamic efficiency, will offer a compelling alternative to conventional vehicles.
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On October 1, 2026, Aptera Motors
Corp. (the “Company”) issued a press release announcing updates to its estimated capital requirements and production timeline.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events.
On
October 1, 2026, the Company announced updates to its estimated capital requirements and production timeline. The updated estimates
reflect anticipated benefits from the Company’s previously announced strategic partnership with Shanghai Launch Automotive Technology
Co., Ltd. (“Launch Design”), including design-for-manufacturing refinements, expected access to Launch Design’s international
supplier network, and a rebuilt bill of materials informed by supplier quotes received to date.
The
Company now estimates that it will require approximately $25 million to reach start of production, a reduction from the $40 million to
$45 million previously estimated, representing a decrease of approximately 38% to 44%. These funds are expected to support supplier purchases
for initial vehicles, remaining tooling, and the final low-volume assembly line at the Company’s facility in Carlsbad, California.
To
reach a production rate of 500 vehicles per month, the milestone at which the Company believes it could fund ongoing operations from
vehicle sales, the Company estimates it will require approximately $65 million in total, representing approximately $40 million in additional
capital beyond start of production. To scale toward high-volume production of approximately 20,000 vehicles per year, the Company estimates
it will require an additional $50 million in tooling and equipment, for a total estimated capital requirement of approximately $115 million,
down from $180 million to $205 million previously estimated.
Collectively,
the expected benefits of the Launch Design partnership are anticipated to reduce the Company’s estimated full-plan cost by approximately
$65 million to $90 million, or approximately 36% to 44%, compared with the prior estimate of $180 million to $205 million.
These
updated capital and timing estimates supersede the capital and timing estimates included in the Company’s Quarterly Report on Form
10-Q for the quarter ended June 30, 2026.
The
Company plans to begin building its first 40 production vehicles by the end of 2026 and to begin initial customer deliveries in early
2027. All capital and timing estimates are subject to the Company obtaining financing on acceptable terms and on a timely basis, as well
as supplier performance and receipt of required regulatory approvals.
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits.
Exhibit No. Description
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99.1 Press Release, dated October 1, 2026
104 Cover
Page Interactive Data File (embedded within the Inline XBRL document)
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htm
Exhibit
99.1
Aptera
Significantly Reduces Estimated Capital Requirements for Production
Approximately
$25 Million Estimated to Reach Start of Production, Down from $40 to $45 Million Previously Estimated
First
40 Production Vehicles Planned to Begin Building by the End of 2026; Customer Deliveries for Early 2027, Subject to Timely Financing
Approximately
$65 Million Estimated to Reach 500 Vehicles Per Month, the Production Rate at Which Aptera Believes It Could Become Self-Sustaining
Carlsbad,
Calif. - October 1, 2026 - Aptera Motors Corp. (Nasdaq: SEV) (“Aptera” or the “Company”), a solar
mobility company advancing ultra-efficient transportation, today announced that it now estimates it needs approximately $25 million to
reach start of production, down from $40 to $45 million, and approximately $115 million for its full plan through high-volume production,
down from $180 to $205 million. The estimated reductions primarily reflect anticipated benefits of the Company’s previously announced
partnership with Launch Design (Shanghai Launch Automotive Technology Co., Ltd.).
“This
is a fundamentally leaner path to getting Aptera into customers’ hands. We’ve reduced our es…