Elio Motors
About this raise
Elio Motors is raising funds on StartEngine through Reg A+ crowdfunding. It is an American vehicle manufacturing company committed to creating safe, affordable, and efficient vehicles. Elio Motors has designed a revolutionary front engine, two-seat, front-wheel drive, gasoline-powered vehicle with two wheels in the front of the car and one wheel, the Elio, in the rear. The unique design of Elio Motors makes its vehicles more aerodynamic and have higher mileage than standard vehicles. Paul Elio founded Elio Motors in 2009. The current crowdfunding round has a minimum target of $12.6 million and a maximum target of $25.08 million. The campaign proceeds will be used for prototype building and testing, engineering design and development, advertising, and working capital.
Investment Overview
Deal Terms
- Platform
- StartEngine
- Start Date
- 11/20/2015
- Close Date
- 02/29/2016
$12,600,000
$25,080,000
$600
Equity - Common
Early Stage
RegA+
$12.00
Company & Team
Company
- Year Founded
- 2009
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Location
- Phoenix, Arizona
- Company Website
-
Visit Website
Team
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/29/2016 | StartEngine | - | - | Equity - Common | Funded | RegA+ |