Photovoltaic three-wheeler electric vehicle manufacturer Aptera Motors (SEV.US) plans to go public on Nasdaq on Thursday.

The solar three-wheeled electric vehicle manufacturer Aptera Motors (SRV.US) announced last Friday its plan to go public on the NASDAQ. According to a press release, Aptera plans to debut on October 16 (Thursday). The common stock being offered in this listing is held by existing shareholders; Aptera will not raise new funds in this listing. The company did not disclose a reference price, which will be determined on the day the stock begins trading. Registered shareholders plan to sell up to 31.7 million shares. Aptera notes that in the second quarter of 2025, approximately 155,000 shares were privately sold at an average price of $40.85 per share. Although the company cautions against relying too heavily on past private sales, if the company lists at that price, its market value will reach $1.3 billion. Aptera focuses on developing and manufacturing efficient CECEP Solar Energy electric vehicles (SEV). Currently, the company is working on completing the development of its flagship model - a three-wheeled two-seater vehicle called Aptera - and preparing for production. So far, the company has not started producing its CECEP Solar Energy electric vehicles, nor has it generated any revenue. Founded in 2019 and headquartered in Carlsbad, California, the company plans to list on the NASDAQ under the ticker symbol SEV. Since this is a direct listing with no underwriters committed to underwriting, there are no underwriters involved, with Northland Securities acting as financial advisor.