Remember when I posted the bit about Aptera getting approval to apply for a U.S. Department of Energy loan for advanced transportation technologies? Just today they mentioned it to their fans via a newsletter. (Either I was ahead of the game, they were behind, or both.)
Also in this newsletter was an exciting update on what the company could do with such a loan if it were granted to them. I’ll paste it below for your reading pleasure:
Aptera applied for a DOE loan in December, 2008 and was rejected in 3 days. The program was only open to 4 wheelers and we have 3 wheels.
Now, we have to re-file the application, this time, in full business plan detail. The loan program details are quite specific about what the loan money can be used for and when the loan will be paid back.