Aptera Motors Corp. (Ticker: SEV US) is a U.S.-based automotive technology company focused on developing and manufacturing solar electric vehicles (SEVs). Incorporated in Delaware, Aptera plans to list its Class B common stock on the Nasdaq Capital Market on October 16, 2025, through a direct listing rather than a traditional IPO. Existing shareholders will offer 31.7 million shares at a reference price of $40.85 per share, implying a potential offering value of approximately $1.3 billion. The company is not issuing new stock and will not receive proceeds from the listing.

Aptera’s flagship vehicle, the Aptera, is a three-wheeled, two-passenger SEV designed to maximize aerodynamic efficiency and integrate solar charging for extended range. The company has yet to commence production or generate revenue. Northland Securities serves as the financial advisor for the direct listing.