Recent reports claiming that Aptera founders were “ousted in a boardroom showdown” appear to be false.
Aptera, a company we’ve been covering since its inception two years ago, has let some employees go in order to save money recently as it waits for the final round of funding and to reapply for a DOE loan.
“We needed to reduce our burn rate on anything not associated with getting a production vehicle out the door,” said Marques McCammon, chief marketing officer.
One of the company’s founders, Steve Fambro, is currently in charge of Aptera’s advanced concepts group and has agreed to take time off.
“Steve remains a member of the board, so he’ll never really be ‘gone’,” McCammon says. “But he has agreed to allow himself to be one of the reductions for the short term. And then he’ll come back in the new year once we get the series ‘D’ final round of funding closed and we can turn advanced concepts back on.”
Source: popularmechanics.com
