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Elio Motors

Elio Motors was an American automotive startup founded in 2009 by Paul Elio to design, develop, and produce a low-cost, three-wheeled enclosed autocycle featuring tandem seating for two passengers, a targeted base price of approximately $6,800 to $7,300, and highway fuel efficiency of 84 miles per gallon using a 0.9-liter three-cylinder engine.^[1]^[2] The company attracted over 65,000 reservations with refundable deposits of $100 to $1,000 each, raising tens of millions in customer funds alongside investments and government incentives, but constructed only a limited number of prototypes and test mules without advancing to mass production.^[3] Persistent challenges including chronic capital shortfalls, higher-than-expected engineering and certification costs for the motorcycle-classified vehicle, supply chain issues, and leadership turnover resulted in production delays stretching from an initial 2014 target indefinitely, culminating in operational cessation by 2022 as the company's website expired and no further developments materialized.^[4]^[5] SEC filings through 2022 revealed mounting losses exceeding $10 million in recent periods and negligible cash reserves, underscoring unsustainable finances despite attempts at alternative funding like cryptocurrency offerings and electric variants.^[6]^[7] While Paul Elio touted the design's potential for affordable personal mobility and received accolades such as Automotive Startup of the Year in 2015, the venture's failure to deliver vehicles drew criticism for overpromising viability amid overlooked causal barriers like regulatory approvals and market competition from established automakers.^[2]

Founding and Concept

Inception and Founder Background

Paul Elio, born in 1964, is an automotive engineer who founded Elio Motors, Inc. in October 2009 with the goal of manufacturing an affordable three-wheeled vehicle in the United States.^[8]^[1] Prior to establishing the company, Elio worked as an engineer at Johnson Controls, a major automotive supplier, where he gained experience in vehicle components and manufacturing processes.^[2] Elio's inception of the company stemmed from a vision to address U.S. economic vulnerabilities, including dependence on imported oil and manufacturing job losses overseas. He invested personal savings and profits from prior entrepreneurial ventures into initial design work for the Elio autocycle, emphasizing domestic production to create American employment opportunities. In a 2015 public statement, Elio described himself as "an engineer by trade, but an entrepreneur at heart," motivated by frustration over wealth outflow from the country, which prompted him to pursue the project independently after leaving corporate employment.^[9] The founding incorporated Elio's background in engineering and business, including earlier roles such as stock brokerage and driving a New York City cab, which informed his practical approach to affordability and efficiency in transportation.^[10] By late 2009, Elio Motors had formalized its mission to develop a sub-$10,000 vehicle achieving high fuel economy, positioning it as an accessible alternative to conventional automobiles amid rising energy costs.^[8]

Core Design Vision and Market Positioning

Elio Motors' core design vision focused on creating a revolutionary, efficient, and affordable three-wheeled autocycle with tandem seating for two occupants, emphasizing aerodynamics, safety, and high fuel economy to provide practical personal transportation. The vehicle incorporated a 0.9-liter three-cylinder engine delivering 55 horsepower and 55 foot-pounds of torque, targeted to achieve 84 miles per gallon highway and 49 miles per gallon city, with a base price of $6,800 excluding taxes and options. Standard features included air conditioning, power windows and locks, anti-lock brakes, and electronic stability control, while the design prioritized American manufacturing using 90% North American components.^[11] The company positioned the Elio as a low-cost, high-mileage alternative to conventional cars, avoiding the elevated prices of hybrids or electric vehicles while delivering environmental and efficiency benefits. It targeted non-traditional segments such as the "third vehicle" for households—where 68.6% own one or two cars—serving as an economical supplement for commuting or errands, and the "clunker replacement" market of roughly 100 million U.S. vehicles aged six years or older. Elio Motors also sought to compete in the used car market by offering reliability and personalization options under the "ePlus: My Elio. My Way." program, appealing to budget-conscious, patriotic, and eco-aware consumers. By mid-2016, the firm had secured over 55,000 reservations, signaling anticipated demand for up to 250,000 annual units.^[11]^[12]

Vehicle Design and Technical Specifications

Engineering Features and Innovations

The Elio vehicle employed a three-wheeled autocycle configuration with tandem seating for two occupants, positioned front-to-back to minimize width to approximately half that of standard automobiles, thereby reducing aerodynamic drag.^[11] This design, classified as a motorcycle for regulatory purposes, incorporated an enclosed cabin with a reinforced steel roll cage and enlarged crush zones—50% larger than comparable vehicles—to balance efficiency with structural integrity.^[13] The overall length measured 160.5 inches, with a 110-inch wheelbase and 66.8-inch front track, facilitating independent suspension: unequal-length control arms with coil-over shocks upfront and a mono-shock rear setup.^[13] Powertrain innovations centered on a custom 0.9-liter three-cylinder gasoline engine, developed by engineering firm IAV, delivering 55 horsepower and 55 pound-feet of torque— the first such bespoke engine designed by a startup automaker since Nash Motors in 1951.^[11] Paired with a five-speed automatic transmission sourced from Aisin, this front-mounted unit targeted exceptional efficiency, with EPA projections of 49 miles per gallon city and 84 highway driving, enabled by an undersquare piston architecture for high volumetric efficiency and computational fluid dynamics-optimized aerodynamics.^[11]^[14] Disc brakes with anti-lock braking system (ABS) and electronic stability control (ESC) further supported claimed performance metrics, including a 0-60 mph time of 9.6 seconds and top speed of 100 mph.^[13]^[11] Later prototypes, such as the E1c engineering vehicle introduced in 2016, advanced to a unibody chassis construction, enhancing energy absorption during impacts compared to body-on-frame predecessors and allowing finer safety tuning.^[15] Safety engineering included three airbags, side intrusion beams, and handling capable of 0.85 lateral g-forces, validated through simulations to meet elevated standards despite the non-traditional wheel layout.^[11] These features collectively aimed to deliver car-like amenities—such as power windows, locks, air conditioning, and cruise control—within a lightweight, fuel-sipping platform weighing under 1,500 pounds, leveraging over 80% off-the-shelf components for manufacturability.^[11]^[2]

Performance Claims and Safety Considerations

Elio Motors promoted its three-wheeled vehicle as achieving up to 84 miles per gallon (mpg) on the highway, powered by a 0.9-liter three-cylinder engine producing approximately 55 horsepower in later iterations.^[16]^[9] The company also claimed a top speed exceeding 100 mph, with some estimates reaching 107 mph, and an 8-gallon fuel tank enabling a range of up to 672 miles.^[17]^[18] Acceleration from 0 to 60 mph was projected at under 10 seconds initially with higher horsepower variants, later adjusted to around 10.8–12 seconds as engine output was revised downward.^[19]^[20] These performance figures, however, lacked independent verification through EPA testing or third-party evaluations at the time of promotion.^[17]^[21] Prototype demonstrations, such as parking lot drives, did not substantiate the fuel economy claims under real-world highway conditions, where aerodynamic limitations from the front-wheel configuration were anticipated to reduce efficiency below 60 mpg at 70 mph.^[22]^[23] Critics noted that without production vehicles and rigorous dyno or on-road testing, the projections relied solely on company simulations and early prototypes, casting doubt on their attainability.^[24]^[25] Safety considerations for the Elio centered on its three-wheeled design, which classified it as an autocycle akin to a motorcycle under federal regulations, exempting it from mandatory crash testing required for four-wheeled automobiles.^[26] The company equipped prototypes with dual front airbags, side-impact bags, anti-lock brakes, and seatbelts for all seats, aiming for a five-star National Highway Traffic Safety Administration (NHTSA) rating despite the unconventional layout.^[27]^[28] However, no public crash test results were released, and inherent stability risks—such as tipping during high-speed maneuvers or crosswinds—prompted concerns, with some reports suggesting the need for electronic stabilizers to prevent rollover at speeds over 100 mph.^[29]^[30] In 2015–2016, NHTSA proposed reclassifying certain three-wheelers as automobiles, potentially mandating features like electronic stability control and full frontal crash standards, though Elio Motors asserted its design would remain exempt.^[31]^[32] Without completed validation testing or production data, these safety assurances remained unproven, highlighting the challenges of balancing lightweight efficiency with occupant protection in a vehicle narrower than standard cars.^[33] The absence of empirical crash data amplified skepticism, as three-wheeled vehicles historically exhibit higher rollover risks compared to four-wheeled counterparts in independent studies of similar designs.^[26]

Business Model and Funding Efforts

Reservation System and Crowdfunding

Elio Motors established a reservation system shortly after its founding to assess market demand and generate upfront capital for development. Customers could place reservations by paying deposits ranging from $100 to $1,000, with options classified as either refundable or non-refundable; non-refundable deposits offered perks such as priority production slots and locked-in pricing discounts, while refundable ones allowed cancellation with return of funds under company policy.^[34]^[35] By mid-2016, a $1,000 non-refundable deposit secured a base vehicle price of $7,300 and positioned the reservation holder early in the production queue.^[35] The company reported accumulating over 65,000 reservations by 2021, representing tens of millions in deposits, though the majority were low-value refundable commitments rather than firm orders.^[36] Through June 30, 2017, reservation deposits totaled $27,980,406, which the company allocated toward engineering and prototyping efforts as outlined in its SEC filings.^[37] To supplement reservations, Elio Motors pursued equity crowdfunding campaigns under Regulation A+ exemptions, leveraging platforms like StartEngine to attract small investors. One prominent 2015-2016 campaign targeted up to $25 million for prototype production and initially garnered non-binding pledges before an SEC ruling in November 2015 permitted collection of binding funds; it ultimately raised approximately $17 million from over 6,300 investors, marking one of the earliest large-scale successes in U.S. equity crowdfunding post-JOBS Act reforms.^[38]^[39] Subsequent rounds, including efforts to fund 25 prototypes, brought total crowdfunding proceeds to around $22 million by 2016.^[40] These funds supported operational milestones, such as reaching 50,000 reservations concurrently with the $17 million close, though investor commitments were often modest and tied to optimistic production timelines that later faltered.^[41] The strategy emphasized broad retail participation over traditional venture capital, positioning Elio as a pioneer in democratized auto funding despite inherent risks of non-delivery highlighted in offering disclosures.^[39]

Manufacturing Partnerships and Facility Plans

In January 2013, Elio Motors announced plans to establish its primary vehicle assembly operations at the former General Motors plant in Shreveport, Louisiana, utilizing approximately 1 million square feet of the 3.2 million square-foot facility to produce up to 250,000 three-wheeled vehicles annually once at full capacity.^[42]^[43] The selection of this site was tied to incentives from Louisiana economic development officials, with projections of creating over 1,500 direct jobs and thousands more indirectly, though no production or employment materialized by the company's eventual halt in operations.^[44] To support in-house production efficiency, Elio Motors pursued strategies to co-locate key suppliers within the Shreveport facility, aiming to streamline assembly by reducing logistics dependencies. In October 2016, a partnership with Hyundai Dymos was formalized to establish onsite seat manufacturing capabilities, enabling just-in-time production of components tailored to the Elio vehicle's compact design.^[45] Similarly, Italian engineering firm Comau, a Fiat Chrysler Automobiles subsidiary, collaborated on facility layout and automation systems for the plant, leveraging its expertise in low-volume, high-efficiency assembly lines.^[46] Additional manufacturing partnerships focused on core powertrain and engineering integration. In May 2016, Elio Motors entered an agreement with Canadian supplier Linamar Corporation to develop and produce a proprietary 0.9-liter three-cylinder engine at the Shreveport site, with Linamar also handling machining and assembly for non-vehicle applications to scale production knowledge.^[47] Roush Industries was appointed as the lead engineering partner in March 2016, providing full-vehicle development services including prototyping, testing, and integration of supplier components to meet regulatory standards.^[48] These arrangements, however, remained developmental and did not advance to operational manufacturing, as Elio's facility lease lapsed without equipment installation or output. By 2021, revised plans for an electric variant (Elio-E) reiterated intent to utilize the Shreveport site under ongoing lease terms, but no further progress occurred.^[49]^[50]

Development Milestones and Production Attempts

Prototype Building and Testing

Elio Motors initiated prototype development shortly after its founding in 2009, progressing through multiple iterations to refine the three-wheeled vehicle's design. By 2015, the company had constructed its fifth prototype, designated P5, incorporating a Geo-derived 993cc three-cylinder engine and a manual transmission sourced from Aisin.^[51] ^[14] This prototype featured a revised front-end design and production-ready drivetrain components, with the associated 0.9-liter engine prototype undergoing dyno testing in March 2015 to validate performance claims of up to 84 miles per gallon and a top speed near 100 mph.^[52] ^[46] The P5 was publicly debuted at the Los Angeles Auto Show in November 2015, marking a key demonstration of engineering progress.^[53] Earlier prototypes, such as the P4, underwent initial road testing, including drive evaluations documented in June 2015, which highlighted the vehicle's lightweight construction and handling characteristics.^[54] These efforts focused on validating core design elements like the enclosed autocycle body and efficient powertrain before scaling to production-intent builds. In April 2016, Elio Motors completed the third of four major engineering milestones, including final chassis design, paving the way for the E-Series test vehicles intended for comprehensive validation.^[55] ^[56] The first E-Series prototype was assembled and unveiled in July 2016, described by the company as a critical step toward production, with plans for 23 such vehicles to undergo durability, emissions, and crash testing.^[57] ^[58] Subsequent E-Series units, such as the E1c engineering vehicle debuted at the Los Angeles Auto Show in November 2016, incorporated over 80 percent production parts and supported ongoing testing protocols.^[15] Road testing of these prototypes occurred in 2016, with media first drives confirming operational viability but noting limitations inherent to the three-wheeled configuration, including stability concerns under certain conditions.^[59] By late 2018, Elio had five prototypes in total, with three operational for extended testing, though crash certification remained pending amid shifting component strategies, such as sourcing engines externally rather than developing proprietary units.^[60]

Certification Processes and Delays

Elio Motors pursued classification of its three-wheeled vehicle as an autocycle under National Highway Traffic Safety Administration (NHTSA) guidelines, enabling self-certification rather than full compliance with Federal Motor Vehicle Safety Standards (FMVSS) applicable to passenger cars.^[61] This approach avoided mandatory federal crash testing, with the company conducting voluntary crash safety testing as a precautionary measure to support its claims of high safety performance.^[62] In April 2016, Elio announced completion of the final engineering phase, positioning crash testing as the subsequent step prior to commercial production.^[56] A significant regulatory challenge emerged in early 2016 when NHTSA proposed redefining motorcycles to exclude three-wheeled vehicles resembling passenger cars—those with enclosed cabins, hinged doors, steering wheels, and side-by-side seating—potentially reclassifying them under stricter FMVSS and emissions standards.^[31] Although Elio's tandem seating configuration arguably fell outside this scope, the proposal, originally drafted in 2013, raised concerns of further certification hurdles amid the company's existing funding constraints.^[63] Elio Motors responded by emphasizing ongoing cooperation with NHTSA to establish autocycle-specific standards, asserting that the rule would not apply to its design and reaffirming commitment to elevated safety benchmarks beyond regulatory minima.^[63] To facilitate market entry, Elio lobbied extensively for state-level autocycle recognition since 2012, increasing from 11 states with relevant exemptions to 41 by July 2016, including definitions allowing enclosed three-wheelers to operate under motorcycle licensing rules.^[64] These efforts complemented federal self-certification but did not resolve NHTSA uncertainties. No major delays were publicly attributed to Environmental Protection Agency (EPA) certification, though fuel economy projections (84 mpg highway via EPA methodology, 49 mpg city estimated) presupposed eventual compliance testing.^[65] The interplay of these certification processes exacerbated production timelines, with initial 2014 targets slipping to late 2016, then 2017, and ultimately 2019 in SEC disclosures, as regulatory ambiguities compounded engineering validation needs.^[8] Failure to finalize certifications contributed to unachieved production, underscoring risks of novel vehicle classifications in a framework prioritizing established automotive paradigms.^[31]

Financial Challenges and Demise

Funding Shortfalls and Investor Issues

Elio Motors faced chronic funding shortfalls, accumulating losses of $53 million by November 2015, primarily funded through customer reservations, private securities placements, and sales of excess equipment, while carrying debt of over $30 million and a working capital deficit exceeding $10 million as of June 2015.^[66] The company applied for a $185 million loan under the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing program but did not secure it, highlighting its inability to obtain large-scale institutional or government backing essential for scaling production.^[66] In July 2015, leveraging the JOBS Act's provisions for non-accredited investors, Elio raised about $22 million from roughly 5,500 small investors via crowdfunding platforms like StartEngine, reaching 88% of a $25 million target but leaving a gap toward the $230 million needed for manufacturing launch, with only $70 million total funds raised at that stage.^[67] These efforts, while expanding access to equity stakes as low as $250, failed to bridge the shortfall, as the company burned through capital on administrative and development costs without achieving revenue-generating production.^[67] By December 2017, cash reserves dwindled to $7,155 amid a working capital deficit of $49.7 million, up from $42.3 million the prior year, despite a $2.5 million infusion from Overstock.com and prior small-investor funds; plans for a $100 million initial public offering were abandoned, and further needs were estimated at $376.6 million for full production.^[68] Small investors, many of whom committed limited personal funds expecting high returns from the promised affordable vehicle, ultimately faced total losses on their stakes as the company ceased operations without delivering vehicles, fueling widespread skepticism about the venture's viability and management of expectations, though regulators did not pursue fraud allegations.^[68]^[69]

Bankruptcy Filing and Asset Liquidation

Elio Motors faced escalating financial distress in the mid-2010s, culminating in operational cessation without a formal bankruptcy filing. By September 30, 2016, the company reported cash reserves of just $101,317 and a working capital deficit exceeding $65 million, a sharp decline from $6.87 million in cash and a $2.33 million deficit at the end of 2015.^[70] Despite ongoing SEC filings indicating efforts to secure funding, such as a proposed $185 million ATVM loan application, Elio Motors failed to attract sufficient capital to sustain development or production, leading to halted activities by around 2019.^[71] The company's last substantive SEC report, filed May 2, 2022, for the year ended December 31, 2021, highlighted persistent funding challenges in the development-stage market, after which communications ceased and the website became inaccessible.^[72] Rather than pursuing Chapter 7 or 11 bankruptcy, which SEC disclosures noted might not fully shield assets or operations due to secured creditor claims, Elio Motors allowed debts to trigger creditor enforcement on collateralized property.^[73] Primary assets included manufacturing equipment acquired via a 2013 $23 million promissory note from the RACER Trust (responsible for GM plant redevelopment), secured by a subordinated lien on machinery and facilities in Shreveport, Louisiana.^[37] In July 2017, amid defaults, the company assigned additional collateral, including trademarks and trade names such as "Elio Motors," to RACER Trust to cover unpaid obligations.^[74] RACER retained security interests, enabling potential repossession or sale of movables upon non-payment, though no public records detail specific auctions or transfers beyond domain name auctioning in 2024 following operational wind-down.^[75] This creditor-driven process effectively liquidated key intellectual property and equipment without court-supervised proceedings, leaving reservation holders and investors with unfulfilled claims amid over $28 million in collected deposits.^[69]

Reception, Controversies, and Legacy

Achievements and Supporter Perspectives

Elio Motors garnered significant public interest, securing over 65,000 reservations for its proposed three-wheeled vehicle by 2021, representing tens of millions in deposits from prospective buyers.^[36] The company reported earlier milestones of more than 45,000 reservations by early 2015, reflecting enthusiasm for its promised $6,800 base price and 84 miles per gallon fuel efficiency.^[76] This reservation system demonstrated strong grassroots demand, with deposits as low as $100 enabling broad participation from individuals seeking affordable personal transportation.^[77] In funding, Elio Motors achieved pioneering success through equity crowdfunding, raising nearly $17 million from 6,345 investors by January 2016 via an online public offering on StartEngine, marking the largest such campaign at the time.^[78] Combined with over $70 million in venture capital by early 2015, these efforts propelled the company to a valuation exceeding $1 billion shortly after its 2016 listing, highlighting investor confidence in its disruptive potential.^[76]^[39] The firm also constructed multiple prototypes, including the P4 model displayed at events, which underwent testing to validate design elements like its enclosed cabin and single rear wheel configuration.^[79] Elio Motors received recognition as the best Automotive Startup of 2015, underscoring early validation of its innovative approach to low-cost mobility.^[2] Supporters, including reservation holders and investors, viewed the project as a democratizing force in automotive access, emphasizing its potential to offer fuel-efficient commuting without reliance on traditional venture capital gatekeepers.^[78] Communities such as the Elio Owners forum expressed optimism about the vehicle's role for individual commuters desiring inexpensive, efficient transport amid rising fuel costs, with members citing its projected economy and simplicity as key appeals.^[80]^[81] Backers praised prototypes for demonstrating feasible engineering, such as responsive handling in test drives, and saw Elio's crowdfunding model as empowering everyday investors to back a vision challenging Detroit's dominance.^[82]

Criticisms, Skepticism, and Legal Scrutiny

Critics in the automotive industry and financial analysts expressed early skepticism about Elio Motors' viability, citing the ambitious claims of producing a sub-$10,000 three-wheeled vehicle at 84 mpg as unrealistic given the engineering challenges of federal safety standards, manufacturing scale, and supply chain dependencies.^[83] ^[84] The company's reliance on non-refundable reservations—totaling over $123 million from more than 65,000 holders by 2017—drew comparisons to historical automotive vaporware schemes, such as the 1970s Dale three-wheeler, which collapsed amid unfulfilled promises and led to fraud convictions.^[85] ^[69] Legal scrutiny intensified in 2017 when the Louisiana Motor Vehicle Commission fined Elio Motors $545,000 for operating without required state manufacturer's and dealer's licenses, a penalty reduced from an initial $7.5 million proposal after negotiations.^[86] ^[87] The company appealed the fines, arguing they were excessive and lacked rational basis, but the Louisiana Fifth Circuit Court of Appeal upheld the decision in 2019, affirming violations under state law for conducting business as an unlicensed manufacturer.^[88] ^[89] Additionally, reservation holders initiated individual small claims suits and petitions for class-action lawsuits seeking refunds, with one online petition garnering over 800 signatures by 2019, alleging deceptive practices in soliciting deposits without realistic production timelines.^[90] ^[91] Allegations of fraud surfaced among investors and analysts, who pointed to Elio's pattern of perpetual fundraising—raising $17 million from small investors via Regulation A+ offerings by 2015—without achieving production, as evidence of potential misrepresentation.^[92] ^[25] Founder Paul Elio faced personal financial lawsuits, including a 2010 default judgment on loans totaling over $1 million from Arizona Bank & Trust, highlighting broader cash flow issues that fueled doubts about the venture's solvency.^[69] While no criminal fraud charges were filed against Elio Motors, the absence of delivered vehicles after a decade of hype led outlets like USA Today to question whether the project constituted a "scam to start with," given the non-refundable nature of deposits and repeated delays.^[93]

Long-Term Impact on Automotive Innovation

Elio Motors' inability to transition from prototypes to production exemplified the persistent structural barriers to automotive innovation, particularly for unconventional designs like three-wheeled autocycles seeking regulatory exemptions from full automobile standards. The company's emphasis on lightweight materials, tandem seating, and a targeted 84 miles per gallon fuel efficiency—achieved in prototypes via a 0.9-liter engine and aerodynamic shaping—demonstrated conceptual feasibility but failed to overcome supply chain dependencies, certification delays, and capital-intensive scaling requirements inherent to the industry.^[2]^[3] These hurdles, including federal and state approvals for vehicle classification that prolonged testing without resolution, reinforced that even promising efficiency-focused innovations require robust manufacturing ecosystems often inaccessible to startups.^[94] The venture's collapse in 2017, followed by asset liquidation and unfulfilled revival attempts such as the 2021-proposed Elio-E electric variant, yielded no proprietary technologies or patents widely adopted elsewhere, limiting direct contributions to fields like aerodynamics or micro-mobility platforms.^[4]^[95] Instead, Elio's trajectory underscored causal factors in innovation stagnation, such as overreliance on pre-production reservations (over 65,000 by 2016) without parallel progress in supplier integration or crash-testing validation, which deterred investor confidence and mirrored failures in similar three-wheeler initiatives.^[39] Long-term, Elio Motors functions primarily as an empirical case study in the auto sector's resistance to disruption, informing skepticism toward hype-driven startups and emphasizing the necessity of iterative, capital-secured prototyping over speculative marketing. While it briefly spotlighted interest in fuel-efficient alternatives amid 2010s oil price volatility, the industry's pivot toward four-wheeled electric vehicles—driven by established players like Tesla—eclipsed such niche concepts, with no evidence of Elio-inspired design elements in subsequent production models.^[96] This outcome highlights how regulatory arbitrage strategies, like autocycle exemptions, provide short-term advantages but falter against safety scrutiny and market demands for proven reliability, constraining broader innovative diffusion.^[97]

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Mar 19, 2015 · The latest attempt comes from Elio Motors, which has a wee little ... impact air bags, anti-lock brakes, and electronic stability control.Missing: considerations | Show results with:considerations
[33]
Crash Testing - Elio Owners
Oct 20, 2015 · Hey Karl, From my point of view, a reason to crash test this motorcycle of Elio's is that I want to feel safe in this 1-person wide vehicle.
[34]
Zacks Update on Elio Motors – Misinformation Clarified
Jan 23, 2017 · Reservations are offered on a non-refundable or refundable basis with non-refundable reservations have priority over refundable reservations.
[35]
Elio Sets Price For 83-MPG Car, Gives Discounts For Deposits
Aug 15, 2016 · A $1,000 “all in” non-refundable deposit locks in the $7,300 base price and places one to the next available spot in the yet-to-be-revved up a ...Missing: details | Show results with:details
[36]
Elio Motors: The perplexing tale of a 3-wheeled car that never arrived
Oct 18, 2021 · Paul Elio, 57, maintains that his vehicle still can become a reality, that he has not wasted or misused money from depositors and investors, and that the ...
[37]
elio motors, inc. - SEC.gov
We have also obtained reservation deposits from persons desiring to reserve an Elio totaling $27,980,406 through June 30, 2017. While we have raised ...Missing: details | Show results with:details
[38]
SEC ruling lets Elio Motors collect $25M raised from equity-based ...
Nov 21, 2015 · SEC ruling lets Elio Motors collect $25M raised ... crowdfunding campaign was launched through StartEngine was only pledged and non-binding.
[39]
Elio Motors, First Equity-Crowdfunded IPO, Soars Past $1B ... - Forbes
Mar 1, 2016 · In the annals of crowdfunding, Elio was a standout: Its high-profile campaign on crowdfunding platform StartEngine raised $17 million from 6,600 ...
[40]
Elio Motors Raises $22M in Crowdfunding - Green Fleet ...
Elio Motors has raised $22 million in a crowdfunding campaign to fund production of 25 prototypes of its high-MPG trike, the company has announced.
[41]
Elio Motors Closes At $17 Million. Touts 50,000 Reservations
Feb 4, 2016 · In addition to reaching the 50,000-reservation mark, Elio Motors recently closed its Regulation A+ stock offering, raising over $17 million.
[42]
Elio Motors Announces Vehicle Manufacturing Facility in Shreveport
Jan 3, 2013 · Bobby Jindal announced that Elio Motors plans to assemble new vehicles at the former General Motors Shreveport, La. plant. Elio Motors Inc.
[43]
Elio Motors Announces Vehicle Manufacturing Facility In Shreveport ...
Feb 15, 2013 · The company plans to produce three-wheeled vehicles capable of attaining a highway mileage rating of 80+ mpg at the former GM plant in Caddo ...
[44]
Elio Motors' promised jobs after loss of a GM plant never materialized
Oct 20, 2021 · Not a single vehicle has rolled off Elio Motors' Shreveport assembly line and not one job has been created.
[45]
Hyundai Dymos to Set Up Seat Manufacturing Capability at Elio ...
Oct 25, 2016 · The move further supports Elio Motors' plan to bring many of its core suppliers into its manufacturing facility in Shreveport. The onsite ...
[46]
Troy-Based Elio Motors Unveils Engine Prototype for Three ...
The car will be manufactured in Shreveport, La., in partnership with Comau, an Italian auto company that's part of the Fiat Group. Elio Motors plans to launch ...
[47]
Startup Elio Motors, supplier Linamar team up to build engines
May 16, 2016 · Linamar is also partnering with Elio to manufacture engines for use in the automotive, marine and industrial sectors outside of the U.S. Linamar ...
[48]
Elio Motors Adds World-Renowned Roush as Lead Engineering ...
Mar 9, 2016 · "We chose Roush to be a key supplier partner because of the breadth and depth of their automotive development expertise," Elio said. "Roush has ...
[49]
Elio Motors announces electric vehicle production in Shreveport
Sep 9, 2021 · CEO Paul Elio said the plant in Shreveport -- the vacant General Motors facility -- is still under lease and all of the "critical" manufacturing ...
[50]
Elio needs a new plant | Elio Owners
Oct 6, 2023 · All of that plant has been leased out. Elio was leasing 1.3M sqft. That is over and they will need to find a new manufacturing facility.
[51]
Elio Builds Its Fifth Prototype, 25 More To Go Before Production Starts
Startup car company Elio Motors built its fifth prototype. The P5 uses the Geo-derived, 993cc liter 3-cylinder engine and a manual transmission.
[52]
Video: Elio Motors Runs Prototype Three-Cylinder Engine On The ...
Mar 6, 2015 · Elio Motors' all-new three-cylinder engine debuted with a dyno test. The engine is destined for the company's three-wheeled vehicle.Missing: milestones | Show results with:milestones
[53]
Elio Motors Debuts P5 Prototype In LA - Cars - Digital Trends
Nov 21, 2015 · With much anticipation, Arizona startup Elio Motors debuted its P5 prototype vehicle in LA, which closely previews the three-wheeled, 84-mpg, ...Missing: top speed
[54]
In Depth Review and Test Drive of The Elio Motors P4 Prototype ...
Jun 18, 2015 · ... Test Commentary): 2:37 - Engine/performance/fuel economy (w/Road Test Commentary): 7:31 - Interior quality/design/comfort/rear seat: 9:55 ...Missing: independent | Show results with:independent
[55]
Elio Motors Completes Third of Four Key Engineering Milestones ...
Apr 14, 2016 · Elio Motors Completes Third of Four Key Engineering Milestones Prior to E-Series Prototype Vehicle Builds · News provided by · Share this article.
[56]
Elio Motors completes engineering, moves to crash testing - New Atlas
Apr 28, 2016 · Elio Motors announced that the final stage of engineering has been completed. Crash testing is next, before commercial production begins.Missing: timeline | Show results with:timeline
[57]
Golly, Elio Motors has built ... a car! One test car, in fact
Jul 1, 2016 · To be fair, the company says the car—code-named E1A—is the first of 23 such "E-Series" test and validation vehicles. They'll be used for all the ...Missing: independent | Show results with:independent
[58]
Elio Takes a Big Step Towards Production With E Series Prototype
Jul 5, 2016 · As a matter of fact, the prototype was only finished just 20 minutes before the event, according to Jerome Vasselo, Elio's head of sales, and ...Missing: timeline | Show results with:timeline
[59]
Elio Motors First Drive - Business Insider
Sep 19, 2016 · The Arizona-based transport startup just started taking deposits on its first vehicle, a three-wheeler that will sell for just over $7000.
[60]
Elio Motors to buy engines, abandons building its own
Sep 27, 2018 · ... bankruptcy in 2009. The company has launched several unusual financing schemes, including asking buyers to prepay for gas at inflated prices ...
[61]
Elio's time has come again? | Page 8 - Elio Owners
Mar 26, 2025 · According to the NHTSA: "The National Highway Traffic Safety Administration (NHTSA) utilizes a self-certification process for autocycles and ...Missing: delays | Show results with:delays
[62]
partiiandiii.htm - SEC.gov
The Department of Energy (DOE) has informed us that Elio Motors has met the technical eligibility criteria for the ATVM loan based on preliminary analysis.
[63]
Elio Motors counters NHTSA rule with spirited retort
Jan 11, 2016 · Elio Motors reacted quickly to Internet reports that a pending NHTSA ruling could further delay the vehicle's production.
[64]
Elio Motors Legislative Update: 41 States Now Have Autocycle ...
Jul 27, 2016 · When the company started its legislative push, just 11 states had exemptions for motorcycle licenses to operate an enclosed three-wheel vehicle.Missing: certification timeline
[65]
filed - SEC.gov
With a targeted retail price of $7,450 1 per vehicle, we believe that the Elio provides the efficiency and environmental friendly benefits without the price ...
[66]
Elio Motors has lost $53 million, according to SEC filing | News - KTBS
Mar 4, 2016 · According to a recent filing with the Securities and Exchange Commission (SEC), Elio Motors claims to have so far lost $53 million.
[67]
Elio Motors Raises $22 Million From Small Investors, Still Needs ...
Jul 13, 2015 · Before the June initiative, Elio had raised roughly $70 million toward that goal, apparently leaving a shortfall of more than $130 million.Missing: issues | Show results with:issues<|separator|>
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https://www.jalopnik.com/elio-motors-had-all-of-7-155-left-in-the-bank-late-las-1826671628
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Paul Elio raised millions to build cars. His company still bled cash
Oct 19, 2021 · “Yeah, there was some financial mess, and I cleaned it all up,” he told USA TODAY for this story. “I didn't go bankrupt.
[70]
Elio Motors' Future Looks Doubtful With $100000 In The Bank And A ...
Jan 8, 2017 · 30, 2016. That, according to the filing, is compared to $6,870,044 in cash and a deficit of $2,325,036 as of Dec. 31, 2015. Founded in 2009 ...
[71]
elio motors, inc. - SEC.gov
Elio Motors has completed the first stage by submitting an application for a loan of approximately $185 million, the proceeds of which would be used to partly ...
[72]
All SEC EDGAR Filings for ELIO MOTORS, INC. - SECDatabase's
ELIO MOTORS, INC. 24R-00009 · 1-SA, 12/10/2021, 06/30/2021, 3.17 MB, ELIO MOTORS, INC. 24R- ...
[73]
Bankruptcy May Not Be A Good Solution... - Elio Owners
Oct 23, 2019 · It appears declaring chapter 7 or chapter 11 will not protect Elio Motors from default to RACERS TRUST.
[74]
Paul Has Signed Over The Name"elio Motors" To Racers Trust As ...
Aug 20, 2017 · In consideration for the July 1, 2017 agreement, the Company assigned as additional collateral all trademarks and trade names including, but not ...Bankruptcy May Not Be A Good Solution... - Elio OwnersNEW .... Interview with Paul Elio | Page 2 - Elio OwnersMore results from www.elioowners.com
[75]
Why This Job-Starved Town Thinks Car Startup Elio Motors Took It ...
Sep 26, 2017 · RACER retained a security interest in the movables, meaning the trust had a legal claim on the property as collateral if Elio Motors stopped ...
[76]
[PDF] ELIO MOTORS - AWS
Jun 19, 2015 · By early 2015, Elio Motors had raised more than $70 million through venture capital and received over 45,000 vehicle reservations.Missing: achievements milestones<|separator|>
[77]
Elio Motors – It Just Might Be For Real, So to Check It Out, TTAC ...
Aug 24, 2013 · You can, however, put a deposit down on an Elio and reserve one for as little as $100. Other reservation levels are $250, $500 and $1,000.
[78]
Paul Elio: The Story Of An Innovator | by Howard Marks - Medium
Sep 21, 2016 · Paul is not a quitter, he had already envisioned Elio Motors and had invested profits from his business to design it. At that point, with his ...Missing: facts | Show results with:facts
[79]
What Makes An Elio? - Hooniverse
Elio Motors has been pushing to get their low cost autocycle to market and they have developed a few prototypes. They brought their P4 prototype to the New ...
[80]
General Reservation Questions And Comments - Elio Owners
Dec 27, 2013 · The question is, if something were to happen and Elio wasn't able to come out with the vehicle they are working on, would these reservations ...Place In Line Question | Elio OwnersInvestor Opportunity: A Message From Paul Elio | Page 11More results from www.elioowners.com
[81]
Fact or Fiction? 3-wheel, $6800 Elio praised, panned
Mar 10, 2014 · “The vehicle is perfect for individual commuters looking for an inexpensive and fuel efficient mode of transportation, but who also yearn for a ...<|control11|><|separator|>
[82]
Exclusive Capsule Review: Elio Motors P4 Prototype
Aug 28, 2014 · The Elio engine has an aluminum cylinder block and head and is an undersquare design with a stroke longer than the cylinder bore. Induction is ...Missing: innovations | Show results with:innovations
[83]
Paul Elio Responds to Skeptics | The Truth About Cars
Oct 20, 2014 · Elio Motors has been promoting their vehicle as environmentally friendly, based on it's projected 84 mpg on the highway. Tavarish points out ...
[84]
Elio no more? Plenty of alternative EVs ready to roll
Oct 29, 2017 · The vehicle's trials and tribulations are catastrophic. Automotive experts are not only skeptical the eco-friendly contraption will ever be made ...Missing: criticisms | Show results with:criticisms
[85]
The real reason Elio Motors wanted Shreveport's GM Facility - KTBS
Feb 7, 2017 · The refundable reservations come in four levels: $100, $250, $500, $1000. According to Elio Motors, those with non-refundable reservations ...<|control11|><|separator|>
[86]
Elio Motors fined, charged with violating state law - KSLA
Jul 10, 2017 · Elio Motors faces a $545,000 fine instead of the $7.5 million penalty originally proposed by the commission's attorney. In addition to a fine, ...
[87]
Elio faces more than $500k in fines | News - KTBS
Jul 10, 2017 · Elio was fined $272,500 for not having a manufacturer's license and another $272,500 for not having an automobile dealer's licenses, said Motor ...Missing: lawsuits | Show results with:lawsuits
[88]
Elio Motors Faces $500000 Fine In Louisiana For Violating State Law
Jul 19, 2017 · Last week, the state of Louisiana fined Elio Motors $545,000, saying the company is operating as a "manufacturer" and therefore should have ...Missing: collateral | Show results with:collateral<|separator|>
[89]
[PDF] NO. 18-CA-545 - Louisiana Fifth Circuit Court of Appeal
Mar 27, 2019 · Elio contends the fines imposed by the Commission were clearly excessive and without a rational basis. Elio also claims there is no legal.
[90]
Petition to file class action lawsuit against Elio Motors - iPetitions
This is a petition to file a class action lawsuit against Elio Motors. They keep accepting reservations for cars but they have no problem delaying and pushing ...Missing: legal issues
[91]
Class Action Elio Lawsuit Has Over 800 Signatures... - Elio Owners
Oct 30, 2019 · This class action lawsuit against Elio Motors has more than 800 signature from Elio reservation holders.This Is The Last And Final Post From Me | Elio OwnersA Simple Question - Elio OwnersMore results from www.elioowners.com
[92]
Crowdfunding Fraud –Lessons from Elio Motors
Jan 25, 2017 · Elio spent all of the money that investors put up and more in less than 6 months. That money was spent on “soft costs”, mostly administrative ...
[93]
Thousands of Elio Motors customers have submitted non-refundable ...
Oct 21, 2021 · Thousands of Elio Motors customers have submitted non-refundable deposits for an 84 mpg car. None have been made. Was it “a scam to start with,” ...
[94]
Elio Motors - Green Car Photos, News, Reviews, and Insights
Many in the green car industry are watching startup automaker Elio Motors with interest. The company has big plans for its small three-wheeled car, as well as ...
[95]
Resurrection of Elio Motors Begins with Electrified Version of Three ...
Sep 9, 2021 · The original Elio was a three-wheeled autocycle powered by a 1.0-liter, 3-cylinder gasoline engine. Initially, it was slated to cost $6,800, ...<|separator|>
[96]
Elio Motors: The Other Breakthrough Car Company - Engineering.com
Aug 25, 2016 · Unlike Tesla, Paul Elio has made no claim that he'll reinvent automotive manufacturing. Elio has hired Doug Frick, a former GM engineer who ...Missing: inception founder background
[97]
3 Companies Behind the Hot 3-Wheeled Car Trend - Inc. Magazine
Sep 8, 2015 · You might have been wondering: Where are the startups? Look no further than Elio Motors. Based in Phoenix, Elio Motors was founded in 2008.