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

Elio Motors

Up To 84 MPG • $6,800 Targeted Base Price* • American Made

Large OPO
Phoenix, AZ
Transportation
US Investors Only
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Our offering is now closed. For more information or to reserve a vehicle, please visit http://www.eliomotors.com 

A few short years ago, automotive enthusiast Paul Elio sized up the prevailing status quo of personal transportation. He saw the soaring costs of the vehicles we drive. He saw fuel prices spike to record highs almost daily. He saw Americans struggling with an economy that was taking too much and giving back too little. Paul Elio decided that the world was ready for something radically new. The result? A three-wheeled masterpiece of automotive brilliance that bears his name.

The American made two-seater Elio is affordable, fuel-efficient and fun to drive. And, it's already gained the attention of 45,000+ who have reserved their place in line.


In a nutshell, Elio is a stand-alone solution for today’s generation of drivers. Gas prices are constantly in flux. Cars themselves cost more than houses did a few short years ago. And in case you haven’t noticed, the world, and personal space along with it, is shrinking. We simply need to evolve to more efficient and practical forms of transportation. We need a new way to get around. Elio is that new way. Never has different, sexy, and fun tag-teamed so well with serious, practical, and smart.




The Elio fifth generation prototype (P5) was announced in June 2015 and introduced at the LA Auto Show in November 2015. Refinements include: improved aerodynamics, production intent drivetrain (Elio Motors prototype engine specifically developed by IAV and transmission from Aisin) and updated interior.


The Elio will be manufactured at a former GM plant in Shreveport, LA, and is expected to create upwards of 1,500 jobs at the facility and another 1,500 jobs from the supply base, Elio Motors corporate, and sales and service once full production is underway. The potential ripple effect will create or sustain approximately 18,000 additional indirect jobs nationwide.


 

Elio Motors is laser focused on cost savings including engineering decisions, supplier relationships, options packaging, the retail network, and service arrangement. Focusing on the details in each of these areas keeps total costs down.


Elio Motors is truly changing the way vehicles are manufactured in the world. It brings together the world’s most notable auto suppliers to collaborate on engineering and to supply the parts needed in order to achieve the high mileage, low price goal.

Innovative engineering, supplier relationships, retail and service networks, and a la carte options take cost out of the vehicle wherever possible.


IAV custom designs engines for some of the biggest names in the automobile industry. With proven expertise in the field of combustion engines and alternative drive systems, virtually all automobile manufacturers and their system suppliers belong to IAV's circle of clients.



Elio Motors plans to offer a network of stand-alone Retail Centers. Elio’s self-owned, direct-to-consumer Retail Centers are designed to turn the new car sales model completely on its head.

Refreshingly different, these Retail Centers will be staffed by Elio-trained certified specialists — a team that customers can trust who knows the Elio inside and out. Additionally, every visitor will get the same high service, low-pressure experience without the old-school haggling element found in traditional dealerships.





Elio Motors plans to partner with Pep Boys to be the official Elio Service Center. Pep Boys is the nation’s leading automotive aftermarket service and retail chain with 800 locations and 7,500 service bays in 35 states and Puerto Rico. This means Elio owners will have access to more locations than major automotive players such as Volkswagen, Kia, Mazda and Subaru. Through Pep Boys proven service network, convenient options for warranty work and routine service appointments will be available to approximately 90 percent of all Elio owners. 



Elio’s Safety Management System includes three airbags, reinforced steel frame with side intrusion beams, Anti-Lock Braking System, stability control and crush zones for the front and back.


Paul Elio has built his company around a simple premise. Just about everyone can find a compelling reason to purchase an Elio.



There are approximately 95 million “clunkers” on the road today. With a targeted $6,800 base price, combined with the potential of $1,500 in annual fuel savings, a new vehicle is within reach for the masses.


Elio is seen by many as an “AND” vehicle. While larger families often require larger transportation, it doesn’t mean that these gas-guzzlers have to double as your daily commuter vehicle. At a targeted $6,800 base price, minivan and SUV owners can keep the family vehicle at home for transporting the family AND drive the up-to-84-MPG Elio to work during the week.


Money is usually pretty tight during the college years, yet mobility is still important. Elio, at a targeted $6,800 base price and up to 84 MPG, provides an economical way for students to get to and from class, or to come home from campus for the weekend.


An Elio, with its front-and-back tandem seating, eliminates having a friend ride “shotgun” and cuts down on potential distractions.


Finally, the vehicle’s unique styling makes it attractive to a wide variety of auto enthusiasts. The eye-catching, aerodynamic design and unique cockpit-like interior have been a hit with auto enthusiasts and also cross over to aviation enthusiasts, as well.





Recent changes to the law make equity crowdfunding under Regulation A+ possible, allowing both non-accredited as well as accredited investors to invest in private companies. This is another step in a multi-pronged funding strategy for Elio Motors in its march toward production. Aligned with Paul Elio's vision of bringing this vehicle to the masses, equity crowdfunding opens ownership opportunities to literally millions of Americans.


A graduate of the General Motors Institute, and the Engineering and Management Institute (now Kettering University) in Flint, Michigan, Paul Elio has held various patents, worked for Johnson Controls and was a founding partner of Tempe-based ESG Engineering.

“This is an all-consuming passion for me and we are building a vehicle that will fill an important niche for low-cost, highly fuel efficient transportation. The time is right for this vehicle and I look forward to the day these vehicles begin rolling off the assembly line. It will literally change the world.” - Paul Elio


James Holden

Mr. Holden is the former Chief Executive Officer of DaimlerChrysler, where he worked in various leadership positions for 19 years. His roles included Executive Vice President of Sales and Marketing responsible for directing all of the automaker’s sales, fleet and marketing organizations in the United States, Mexico and Canada, including Mopar parts operations. Mr. Holden was a director of Motors Liquidation Company until its dissolution in December 2011.

Hari Iyer

Mr. Iyer brings nearly 25 years of product development, business strategy and operations expertise in the automotive industry, and brings to Elio Motors his valuable experience from several executive level and senior operating positions for established and startup automotive companies.

Most recently, Mr. Iyer was Executive Vice President at Envia Systems, a Silicon Valley battery company backed by venture investors, where he led all aspects of business strategy and product commercialization. Prior to Envia, Mr. Iyer was Vice President, Engineering at Next Autoworks, a Kleiner Perkins and Google Ventures funded company. At Next, Mr. Iyer set the original vehicle architecture, led the selection of vehicle technologies and suppliers, was responsible for all module engineering teams (Powertrain, Chassis, Exterior, Interior, Electrical & Vehicle Integration), and was accountable for all vehicle goals, including Safety, Bill of Materials Cost, Fuel Economy, Drivability, Vehicle Dynamics, Craftsmanship and Product Quality.

Before Next Autoworks, he was co-founder and Chief Operating Officer at ESG Engineering, a product development firm specializing in automotive and clean tech applications. Mr. Iyer began his automotive career at Johnson Controls (JCI) Automotive Systems Group, where he was involved in several OEM programs for interiors components.

Stuart Lichter

Mr. Lichter is founder, President and Chairman of the Board for IRG, LLC. Mr. Lichter has held positions with General Services Administration of the United States Government, Mortgage Loan Department of New York Life Insurance Company, Marine Midland and started Quadrelle Realty Services, Inc. In recent years, he has acquired, in various forms and partnerships, over 100 industrial and commercial properties with a total size in excess of 100,000,000 square feet-making his portfolio the largest private holding of industrial and commercial real estate in the nation. Mr. Lichter is a national leader in transforming former military bases and industrial sites into thriving retail, residential and business.

David C. Schembri


Mr. Schembri previously was the President of smart USA, a Penske Automotive Group company. He was responsible for the successful launch of smart USA (a division of Mercedes-Benz), which included establishing and maintaining a sales and service retail network, customer relations, logistics, advertising, marketing, PR, government relations, and a parts distribution network.

Mr. Schembri has over 35 years of automotive experience. The majority of his career was realized in various executive positions at Mercedes-Benz and Volkswagen. While at Mercedes Benz, Dave served as both the Vice President of Sales and Vice President of Marketing. During his tenure, Schembri was responsible for several successful product launches while the company recorded 11 consecutive record years in new vehicle sales.

Mr. Schembri is currently the CEO of the Active Aero Group, a Platinum Equity Company.

Ken Way

Mr. Way served as the Chief Executive Officer of Lear Corporation from 1988 to September 2000 and Chairman of the Board from 1988 to December 2002. Mr. Way served with Lear Corporation and its predecessor companies for 37 years in various engineering, manufacturing and general management capacities. During his career he has served as a Director for several organizations, including Wesco International Inc., Wesco Distribution, Inc., CMS Energy Corporation, North American Rubber Inc., Cooper-Standard Holdings Inc. (formerly, Cooper- Standard Automotive Inc.), Cooper-Standard Automotive NC L.L.C. and Cooper-Standard Automotive FHS Inc.


Interested in owning a piece of the future? On November 20, 2015, the Securities and Exchange Commission qualified the offering statement filed by Elio Motors, enabling it to launch a formal stock offering under Regulation A+, and allowing almost anyone to own shares in Elio Motors – the visionary transportation startup that aims to revolutionize personal transportation. With $75M raised, 47,000+ vehicle reservations, over $300M worth of pre-orders, and a 1M square foot state-of-the-art manufacturing facility in Shreveport, Louisiana, now is the time to get in on the action.
According to investment website, The Motley Fool, "We love investing at The Motley Fool. We also embrace the powers of cooperative learning, innovation, and entrepreneurship. Ultimately, we strongly believe that a wisely regulated free-market economy will drive our standard of living ever higher. Investing is risky, however. This point especially requires emphasis in light of new rules that expand opportunities for ordinary investors." To read their tips and tricks on investing wisely, click here to read the entire article.

This opportunity is now available to Americans across the country. By simply clicking “Invest Now” in the upper right hand corner of this campaign page, you can get in on the ground floor of an American company that will fundamentally transform the U.S. economy for the generations that follow.

Elio Motors believes in the American dream. In innovation. In making a difference in the world. That together, we can “alter the course," not only of transportation, but of people's lives. You can help us make a difference.  Join us today by investing in Elio Motors. For additional information on Elio Motors, click on the Offering Circular to the right underneath the “Reserve My Elio” button.


Henry Ford built his first gasoline-powered horseless carriage, the Quadricycle, in the shed behind his home. Five years later, he founded the Ford Motor Company. In order to meet overwhelming demand for the new-fangled automobile, Ford introduced new mass-production methods, including large production plants and the use of standardized and interchangeable parts.

Today, there’s a new trailblazer working tirelessly to alter the course of history. His name is Paul Elio and this is the public’s first opportunity to invest in Elio Motors at the ground level. You can be a part of the $52 billion U.S. personal transportation industry and own a part of the next new U.S. vehicle manufacturer. But you have to act now!


THE SECURITIES OFFERED HEREBY ARE HIGHLY SPECULATIVE. INVESTING IN SHARES OF ELIO MOTORS, INC. INVOLVES SIGNIFICANT RISKS. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT COULD BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET CURRENTLY EXISTS FOR THE SECURITIES AND IF A PUBLIC MARKET DEVELOPS FOLLOWING THIS OFFERING, IT MAY NOT CONTINUE. TO OBTAIN A COPY OF THE OFFERING CIRCULAR, CLICK ON "OFFERING CIRCULAR” UNDER THE "RESERVE MY ELIO" BUTTON IN THE ELIO MOTORS ELEVATOR PITCH SECTION

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Updates

StartEngine Live Offering FAQs

over 1 year ago

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)