Elio Motors Inc
OOTC:ELIO0.00
USD
0.00
(0.00%)
ISIN
US28661D1028
CUSIP
28661D102
Return %
Stock
S&P 500
1Y
-80.00
14.20
3Y
-99.29
81.12
5Y
-99.85
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
USD
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
USD
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in mil. unless spec.Company Description
- CEO
- Paul Elio
- Full Time Employees
- 2
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- 2942 North 24th Street Phoenix AZ United States 85016
- IPO Date
- Feb 18, 2016
- Website
- eliomotors.com
- Similar Companies
- Business
- Elio Motors, Inc. (ELIO) designs, develops, and markets three-wheeled autocycles under the Elio brand, targeting fuel-efficient personal transportation in the United States. The company offers the Elio P4 gasoline-powered model with projected 84 miles per gallon highway efficiency, 55 horsepower 0.9-liter three-cylinder engine, front-wheel drive, anti-lock disc brakes, multiple airbags, power windows, door locks, cruise control, and air conditioning; and the Elio-E electric variant announced in 2021 with a targeted $15,000 price point. Founded in 2009 by Paul Elio and headquartered in Phoenix, Arizona, Elio Motors operates as a development-stage entity with planned manufacturing in Shreveport, Louisiana. Elio Motors collected over $28 million in customer deposits from 2013 to 2018 and raised additional funds through reservation pledges exceeding $290 million from 43,000 buyers, while pursuing Department of Energy loans and a 2017 initial public offering targeting $100 million. The company signed a memorandum of understanding with an automotive Fortune 500 OEM for powertrain supply, projecting $120 million in research and development cost savings, and pivoted to prioritize the electric Elio-E amid investor interest in that market before planning a gas version. Production timelines repeatedly shifted from 2012 through 2019 without commencement, culminating in 2021 SEC filings noting substantial doubt about ongoing viability, website inactivity by 2024, and minimal operational updates since.
Company News
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