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Elio Motors, the start-up vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg (2.8 Elio Motors is planning to build 23 E-Series testing and validation vehicles to test for safety, aerodynamics and durability. manufacturing facility.
Capital raised will help fund the 2016 launch of its three-wheel, enclosed vehicle that Elio expects to sell for $6,800. Elio Motors will use funds from this initiative to build an additional 25 prototypes for testing and validation.
Elio Motors has begun work on its fifth-generation prototype three-wheeled vehicle. Elio Motors is targeting a launch date mid 2016 for a vehicle that will get up to 84 mpg (2.8-l/100 Elio Motors is the first start-up auto company in the Unites States in the past 60 years to build its own unique internal combustion engine.
Elio Motors is seeking to raise the $25 million to move closer to production, including building and testing an additional 25 vehicles that will be used for final engineering steps and validation. Since 19 June, Elio Motors has been in the “testing the waters” phase, gauging the level of interest from potential investors.
Elio Motors, the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $6,800, will sell 100 pre-production vehicles built at its Shreveport, Louisiana, production facility fourth quarter of 2016. —Elio Motors founder and CEO Paul Elio.
100 km) three-wheeled vehicle with a target date of 2016, unveiled its engine prototype: a 0.9-liter, Elio and its manufacturing partner Comau will build the vehicle at a manufacturing facility in Shreveport where General Motors previously built the Hummer H3 and Chevy Colorado. liter, 3-cylinder unit developed by IAV.
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