Business
Aptera Motors Transitions to Public Benefit Corporation, Adds Industry Veterans to Board
CARLSBAD, Calif., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company pioneering ultra-efficient transportation, today announced its formal transition to a Public Benefit Corporation (PBC) under Delaware law. This change reflects Aptera’s long-term mission to break the chains of energy dependence by championing solar mobility—liberating communities, promoting sustainability, and forging a future where power belongs to the people. “As a Public Benefit Cor
About this update from Aptera Motors Corp.
[{"type":"text","content":"CARLSBAD, Calif., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company pioneering ultra-efficient transportation, today announced its formal transition to a Public Benefit Corporation (PBC) under Delaware law. This change reflects Aptera’s long-term mission to break the chains of energy dependence by championing solar mobility—liberating communities, promoting sustainability, and forging a future where power belongs to the people.","length":475,"tagName":"p"},{"type":"text","content":"“As a Public Benefit Corporation, we’re embedding our purpose into the foundation of our company,” said Chris Anthony, Co-CEO and Co-Founder of Aptera Motors. “Our commitment goes beyond profit. We exist to create lasting, positive impact for people and the planet.”","length":266,"tagName":"p"},{"type":"text","content":"What It Means to Be a Public Benefit Corporation","length":48,"tagName":"p"},{"type":"text","content":"Public Benefit Corporations are a distinct class of companies recognized under Delaware law that balance financial performance with public benefits such as social and environmental responsibility. Unlike traditional corporations, PBCs are legally required to consider the interests of all their stakeholders, including employees, communities, and customers, as well as its public benefit, in addition to the interests of its shareholders.","length":438,"tagName":"p"},{"type":"text","content":"As a PBC, Aptera’s performance is measured not only by economic results, but also by how effectively it promotes its stated public benefit: advancing solar mobility to reduce energy dependence and environmental impact.","length":218,"tagName":"p"},{"type":"text","content":"“Solar mobility represents more than a technological breakthrough. It’s a movement toward true energy freedom,” said Steve Fambro, Co-CEO and Co-Founder of Aptera Motors. “Becoming a Public Benefit Corporation aligns our governance with that purpose and ensures that every major decision we make is guided by the long-term well-being of our communities and our planet.”","length":369,"tagName":"p"},{"type":"text","content":"Strengthening Leadership for the Road Ahead","length":43,"tagName":"p"},{"type":"text","content":"In conjunction with its new corporate status, Aptera is also announcing two new appointments to its Board of Directors: Ton...