Aptera Motors Estimates It Needs ~$25M To Reach Start Of Production, Down From $40M-$45M, And ~$115M For Its Full Plan Through High-Volume Production, Down From $180M-$205M

• Approximately $25 Million Estimated to Reach Start of Production, Down from $40 to $45 Million Previously Estimated
• First 40 Production Vehicles Planned to Begin Building by the End of 2026; Customer Deliveries for Early 2027, Subject to Timely Financing
• Approximately $65 Million Estimated to Reach 500 Vehicles Per Month, the Production Rate at Which Aptera Believes It Could Become Self-Sustaining

CARLSBAD, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ:SEV) ("Aptera" or the "Company"), a solar mobility company advancing ultra-efficient transportation, today announced that it now estimates it needs approximately $25 million to reach start of production, down from $40 to $45 million, and approximately $115 million for its full plan through high-volume production, down from $180 to $205 million. The estimated reductions primarily reflect anticipated benefits of the Company’s previously announced partnership with Launch Design (Shanghai Launch Automotive Technology Co., Ltd.).