UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 8.01 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 | |
| 99.1 | Press Release, dated October 1, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Aptera Motors Corp. | ||
| By: | /s/ Tom DaPolito | |
| Name: | Tom DaPolito | |
| Title: | Interim Chief Financial Officer | |
| Date: October 1, 2026 | ||