This week, Elio Motors, Inc. (OTCQX: ELIO) announced it will be sharing details about its new ePlus Business Model for mass personalization at New York International Auto Show. This announcement comes just after the startup vehicle manufacturer revealed its plans to sell 100 pre-production vehicles built at its Shreveport, Louisiana facility fourth quarter of 2016.
According to Elio, the ePlus process will allow consumers to pick the options they want and have a personalized vehicle delivered within 24 hours after ordering. The company declared:
“The ePlus system has the potential to save consumers millions of dollars and radically alter how automakers and their suppliers bring options to market. In addition it will ensure that Elio Motors customers always have access to the latest options and technology available on the market.”
The ePlus information will be presented on March March 24 at 2:45 p.m on Level 1 of the Jacob Javits Center, Booth #1415.
Elio previously raised approximately $17 million on equity crowdfunding platform StartEngine. The mini-IPO type offer was available to anyone -not just accredited investors. The securities also became immediately transferable under the Reg A+ rules. Shareholders purchased shares at $12/share. Elio worked diligently to list their shares on the OTCQX, the market reserved for the highest qualify companies listing on the OTC platform.
Since listing on OTCQX it has traded considerably higher, representing a solid capital gain for purchasers of shares.
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