Elio Motors
Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle.
| Company type | Public |
|---|---|
| Expert Market: ELIO | |
| Industry | Automobile |
| Founded | 2009 |
| Founder | Paul Elio |
| Headquarters | , United States |
Number of locations | 3 Shreveport, Louisiana; Livonia, Michigan; Phoenix, Arizona |
Area served | United States |
Key people | Paul Elio, founder and CEO James Holden, Board Member David C. Schembri, Board Member Kenneth L. Way, Board Member Stuart Lichter, Board Member Hari Iyer, Board Member |
| Products | Three-wheel motor vehicles |
| Owner | Paul Elio |
| Website | eliomotors |
Since the 2009 conception, the company illustrated and repeatedly delayed a release date for its original gasoline powered vehicle, pivoted to an electric powered concept, collected an estimated $28 million of deposits, has been fined $7.5 million for failing to create promised jobs in Louisiana — and as of May 2022 has not neared production.
As early as 2015, The New York Times noted Elio Motors was selling "spots on the waiting list — and, more broadly, a dream."
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