Elio Motors is About a Year from Production (Deck)

Elio Motors Capital RaisedPaul Elio presented at the SEC ACSEC meeting yesterday (July 19th), and as part of his presentation regarding his experience with raising capital online via Reg A+, Elio stated that his company, Elio Motors (OTCQX:ELIO), is about a year away from production. The entire video should be posted on the SEC website soon, so if you are an early investor/shareholder it is worth watch.

Along with his discussion with the ACSEC members, Elio delivered a presentation on his alternative transportation company that was quite informative.  The deck, which is embedded below, is a good overview of the company and progress to date.

A few interesting bullets:

  • As of May 31, 2016, Elio has Paid Reservations totaling 54,467
  • Elio says awareness of their vehicle stands at just 6.5% nationally. Compare that to Tesla at 70.2%
  • Elio has raised a total of $99 million through May
  • Elio expects to need a further $272 million to start production
  • Additional capital will be raised via customer reservations and/or additional debt and/or equity

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