Elio Motors offering is now closed and is no longer accepting investments.


Alter The Course of Transportation

Welcome to Elio Motors, a revolutionary startup altering the course of American transportation. With the help of StartEngine.com we’ve launched a crowdfunding initiative - a chance for you to buy in and share our dream. Join us today! #AlterTheCourse

This Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Elio Motors

$16,917,576 Raised



2942 North 24th Street Suite 114-700
Phoenix, AZ 85016

Welcome to Elio Motors, a revolutionary startup altering the course of American transportation. With the help of StartEngine.com we’ve launched a crowdfunding initiative - a chance for you to buy in and share our dream. Join us today! #AlterTheCourse


Chip Stempeck

Chip Stempeck

VP Customer Experience

Nicole Rose

Nicole Rose

VP of Marketing

Connie Grennan

Connie Grennan


Don Harris

Don Harris

VP Retail Operations

Joel Sheltrown

Joel Sheltrown

VP Government Affairs

Steve Semansky

Steve Semansky

VP Supply Chain

Jerome Vassallo

Jerome Vassallo

VP of Sales

Tim Andrews

Tim Andrews

SVP Marketing

Paul Elio

Paul Elio


Hari Iyer

Hari Iyer

COO / Director


Elio Motors
Invalid Date
Not Initialized

Maximum Number of Shares Offered subject to adjustment for bonus shares



StartEngine Live Offering FAQs

Is there a cost to investing?
No, there is no fee charged to the investor at any point during or after the transaction.  You pay only for the number of shares you desire to purchase.

Do I have an account?
If you made a reservation for shares, then you do have a StartEngine account as one is required to make a reservation shares.  If you no longer remember the password, you can recover it by going to www.startengine.com/forgot-password and entering the email address associated with your StartEngine account.  If you did not make a reservation for shares, you will need to create a StartEngine account.

Please note, an Elio Motors vehicle reservation account is different from the StartEngine investment account. Therefore, your vehicle reservation account will not allow you access into your StartEngine account to purchase shares. 

I forgot my password, what do I do?
You can recover your password by going to www.startengine.com/forgot-password and entering your email address.  An email with a link allowing you to reset your password and login will be sent to the email address you entered.  Click on the link and follow the instructions to reset your password.  If you do not see the reset password email, please check your spam folder to make sure it did not get caught by the spam filter.  If you still do not get the email, please contact customer experience at contact@StartEngine.com
Please note if you try to recover your password but have not set up a StartEngine account, you will not receive an email.  Also note that resetting your StartEngine password will not affect your Elio Motors password.

Can I invest?
Yes, anyone can invest.  In a departure from previous investment rules, the SEC now permits Regulation A (also called Reg A+) offerings to take on investors who are unaccredited as well as accredited investors.  An accredited investor is an individual who has a net worth in excess of $1MM (excluding his or her primary residence) or has had annual income in excess of $200,000 ($300,000 if joint income) for the past two years and reasonably expects that to continue.  
If you are a non-accredited investor, you may invest but will be limited to investing no more than the greater of 10% of your net worth or 10% of your annual income.

Do I have to invest a specific amount?
No, you may invest any amount as long as you meet the minimum investment amount of $600 AND, if you are a non-accredited investor, the amount you invest does not exceed the greater of 10% of your net worth or 10% of your annual income.  

What happens if Elio Motors receives more than the maximum investment amount ($25,200,000)?
If investors attempt to invest more than the maximum amount of the raise (e.g., $25 million), then Elio Motors may still accept investments, up to a total of $30 million.

Do I need to provide any documents to invest?
No, you do not need to provide any separate documents in order to invest. Just provide the information required by the online forms on StartEngine.

How much is the minimum investment?
The minimum investment amount for Elio Motors is $600 (50 shares).

What is the price per share?
The price per share for the Elio Motors offering is $12 per share.

Where can I get the full financial details on the offering?
Please refer to the Offering Circular for information on the offering.  You can view the Offering Circular by clicking on the “Offering Circular” link to the right below the “Reserve My Elio” graphic. 
The Offering Circular can be downloaded and saved as well as viewed online.

Can I invest by writing a check?
No, we are not accepting paper checks.  Please use the Automated Clearing House (ACH) transfer or wire transfer options which are integrated with the StartEngine platform.

Is using StartEngine the only way to invest in Elio Motors’ Reg A+ offering?
Yes, you can only purchase Reg A+ shares in Elio Motors through the StartEngine platform.

Can I cancel my investment?
No.  You cannot cancel your investment. But if you made a mistake, you will only have a 4-business hour window to contact live customer service via chat to correct your submission. 

Live chat customer service hours are as follows:

Saturday - Sunday: closed
Monday - Friday 12pm-8pm EST (9am-5pm PST) 

What documentation/confirmation will I receive for my investment?
Investors will receive a confirmation of their investment and a subscription agreement that has been accepted by Elio Motors via email.

Who is FundAmerica and why are they involved?
Elio Motors will use FundAmerica Securities, an SEC registered, FINRA member, and SIPC insured broker-dealer to oversee and administer the actual financial transactions to comply with state and federal regulatory requirements.

Help, I’m experiencing a problem or having trouble using the platform to invest!
For assistance with making your investment, please contact StartEngine customer support via email at contact@startengine.com, live chat on our website by clicking on the green chat widget in the lower right corner.

How do I get information regarding investment opportunities?
For further Investor Information, call (480-351-5128) or email: investorrelations@eliomotors.com

How can I get more information on Elio Motors or the Elio vehicle (such as potential production dates, available vehicle colors, etc.)?
To ask questions regarding the Elio vehicle, vehicle reservations or company information, please contact Elio Motors directly at tellmemore@eliomotors.com or call 1-844-BuyElio (1-844-289-3546)




Cancel anytime before 48 hours before a rolling close or the offering end date.



We want you to succeed and get the most out of your money by offering rewards and memberships!


Your info is your info. We take pride in keeping it that way!


Invest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.


@ 2022 All Rights Reserved

Apple Store Logo

Get To Know Us

Our Team



Important Message


www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

Investment opportunities posted and accessible through the site are of three types:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.

By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.

Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.

StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.