Elio Motors offering is now closed and is no longer accepting investments.
INVEST IN ELIO MOTORS TODAY!
Alter The Course of Transportation
$16,917,576 Raised
REASONS TO INVEST
ABOUT
HEADQUARTERS
2942 North 24th Street Suite 114-700
Phoenix, AZ 85016
WEBSITE
View Site
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
TEAM
Chip Stempeck
VP Customer Experience
Nicole Rose
VP of Marketing
Brian Critchfield
VP of Digital Marketing
Connie Grennan
CFO
Don Harris
VP Retail Operations
Joel Sheltrown
VP Government Affairs
Steve Semansky
VP Supply Chain
Jerome Vassallo
VP of Sales
Tim Andrews
SVP Marketing
Paul Elio
President/CEO
Hari Iyer
COO / Director
TERMS
Elio Motors
Overview
PRICE PER SHARE
$12
DEADLINE
Invalid Date
VALUATION
AMOUNT RAISED
$16,917,576
Breakdown
MIN INVESTMENT
$600
MAX INVESTMENT
$500,000
MIN NUMBER OF SHARES OFFERED
2,090,000
OFFERING TYPE
Not Initialized
ASSET TYPE
SHARES OFFERED
MAX NUMBER OF SHARES OFFERED
Maximum Number of Shares Offered subject to adjustment for bonus shares
ALL UPDATES
11.02.15
StartEngine Live Offering FAQs
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.
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.
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.
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.
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.
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.
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.
The minimum investment amount for Elio Motors is $600 (50 shares).
The price per share for the Elio Motors offering is $12 per share.
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.
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.
Yes, you can only purchase Reg A+ shares in Elio Motors through the StartEngine platform.
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: closedMonday - Friday 12pm-8pm EST (9am-5pm PST)
Investors will receive a confirmation of their investment and a subscription agreement that has been accepted by Elio Motors via email.
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.
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.
For further Investor Information, call (480-351-5128) or email: investorrelations@eliomotors.com
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)
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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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.
