Aptera Motors transitions to public benefit corporation

Aptera Motors (SEV) announced its formal transition to a Public Benefit Corporation 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. 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. 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. In conjunction with its new corporate status, Aptera is also announcing two new appointments to its Board of Directors: Tony Kirton and Todd Butz. Kirton brings over forty years of international leadership across top automotive brands, including Audi, Volkswagen, and BMW. A veteran financial executive and former CFO of Mayville Engineering Company, Butz offers deep expertise in manufacturing scale, corporate governance, and public market strategy.