Elio Motors (OTCQB: ELIO) is back raising money once again for its three wheel concept vehicle that has been delayed multiple times. But this time is different as Elio is planning an initial coin offering with a security token: ElioCoin. Elio Motors hit the crowdfunding… Read More
Elio Motors (OTCQX:ELIO) has received a much needed investment from Overstock.com. According to a public release, Overstock has agreed to purchase $2.5 million in Elio equity at a price of $2.75 per share. Simultaneously, Elio Motors announced its intent to do an initial coin offering… Read More
A letter to Elio Motors (OTC:ELIO) … I don’t drive motorcycles. Often on the Southern California highways, I curse lane splitting motorcycles and the danger they present to themselves and others. I have long said to my children that I wish they would not… Read More
Elio Motors, Inc. (OTC QX:ELIO), the first Reg A+ issuer to list on a public marketplace following a crowdfunded offering, has filed a Form S-1 with the SEC indicating its intent to sell additional shares in the company. Elio also revealed its intent to list its… Read More
The heat is rising for Elio Motors (OTCQX: ELIO) as the State of Louisiana has fined the aspiring vehicle company $545,000. The Louisiana Motor Vehicle Commission has accused Elio Motors of operating as a manufacturer/dealer of recreational products without a license. On the bright… Read More
Last month ABC affiliate KTSB located in Shreveport, Louisiana, reported that State Representative Cedric Glover wanted an investigation into how Elio Motors ended up gaining use of Shreveport, Louisiana’s former GM Plant. The deal allegedly caused two major potential tenants to be pushed out of a possibly… Read More
I want to be clear: I am not an investor in Elio Motors (OTCQX: ELIO). I did not participate in any manner with their offering under the new and improved Regulation A (also called Reg A+), and I did not promote it. I will… Read More
The advent of new securities exemptions has created opportunity for various sectors of finance. Beyond the fact that issuing companies now have new alternatives for raising capital, and a broader group of investors may gain access to early stage companies, there is a question of… Read More
Elio Motors, Inc. (OTCQX: ELIO) recently announced it selected Bosch, a global supplier of technology and services, for key safety and powertrain components of its highly anticipated three-wheeled vehicles. As previously reported, Elio secured approximately $17 million on StartEngine. Its mini-IPO type offer was available to anyone -not… Read More
Regulation A, or Reg A+ as everyone now calls it, has been heralded as the future of small IPOs by some. The updated securities exemption was created by Title IV of the JOBS Act and came into effect during 2015. Allowing smaller companies to raise… Read More
Continuing to build excitement for its highly anticipated three-wheel vehicles and its growth, Elio Motors recently discussed the possibility of producing its own fleet of electric cars. In a recent blog post, the Elio team stated the reason why the first version of their vehicles… Read More
On Wednesday, Elio Motors, Inc. (OTCQX: ELIO) announced it has engaged Oppenheimer & Co. Inc. and Northland Capital Markets for investment banking services, which includes strategic advisory, financing, and capital markets strategies. Sharing details about the new collaboration, Paul Elio, founder and CEO of Elio Motors, stated: “Elio Motors continues… Read More
On Friday, Elio Motors, Inc. (OTCQX: ELIO) announced on Friday that it had locked the price of $7,300 for the base model of its highly anticipated three-wheel vehicle. While sharing details about the new price, founder and CEO, Paul Elio, revealed Elio Motors was inspired by Volkswagen’s… Read More
Paul 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… Read More
The SEC Advisory Committee on Small and Emerging Companies (ACSEC) has published its agenda for its meeting next week and it should be a more interesting gathering. As part of the ACSEC program, the SEC Division of Corporate Finance will deliver an update on the… Read More
This week, Elio Motors, Inc. (OTCQX: ELIO) announced it has appointed former manufacturing executive of General Motors (NYSE: GM), Doug Frick, as plant manager for its Shreveport production facility. Frick, who has been dubbed as Elio Motors’ first plant manager, is a 20-year auto industry veteran. He… Read More
Last week, founder of Elio Motors, Inc. (OTCQX: ELIO) CEO, Paul Elio, shared details about the company’s new vehicle, E1A, during the E-Series event. As previously reported, the first E-Series vehicle was unveiled in front of more than 200 automotive supplier executives and engineers who reportedly… Read More
Elio Motors, Inc. (OTCQX: ELIO) announced on Thursday it completed its first E-Series test model. The first E-Series vehicle, code-named the E1A, was unveiled in front of more than 200 automotive supplier executives and engineers who reportedly have key roles in the long-term development the company’s vehicles. Elio’s founder… Read More
Elio Motors, Inc. (OTCQX: ELIO), announced on Thursday that it has appointed automotive industry veteran, Jeffrey W. Johnston, as its new vice president of engineering In his new role, Johnston will be responsible for all engineering of the full Elio vehicle, validation, safety, program management… Read More
Taking some time away from their duties at the 2016 New York International Auto Show, the team at Elio Motors, Inc. (OTCQX: ELIO) shared some details (and photos) of the annual event. The company shared on Wednesday: “Hello Elio’ers! We’re right in the thick of the New… Read More
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