Aptera 2e Car Eligible for DOE Loan Program
Posted on January 31, 2010
Filed Under Aptera 2e News
Finally some new good news from Aptera Motors back in November. Three wheel vehicles, which include the Aptera 2e. Are now eligible for the DOE’s (Department of Energy) Advanced Technology Vehicle Loan program. Aptera’s 2e Electric Car was previously not eligible due to the wording of the original DOE loan program rules.
After much hard work by Aptera and high profile politicians, the rules have been changed to include the 3 wheel vehicles like Aptera 2e and 2h. Even though Aptera had applied previously, now they have to go through the whole application process again. Aptera Motors seems confident in their ability to be approved under the new DOE rule changes for the loan program. Aptera is in the process of submitting the application, which includes a full and detailed business plan specifically outlining where the money will be used and when they will pay back the loan.
And how will this loan help Aptera Motors bring their Aptera 2e to market? Here’s what Aptera plans:
- With the loan funds in the bank, Aptera intends to scale up much faster than their past organic growth strategy. They will still launch in California, but will move to new markets more rapidly than planned before.
- The launch of a second bigger family sedan could come much sooner than initially planned. This would still come after the initial smaller Aptera 2e car.
- With the new loan cash to grow their market more quickly, comes the need for more production facilities and the staff to work in them. All part of their plan to put more Americans back to work. The plan is to have at least 2 production plants providing as many as 3,000 jobs for Americans, not to mention all the spin off jobs in construction, part supplies, sales, and service people.
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