Paul Elio
Elio Motors logo
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| Private | |
| Traded as | OTCQB: |
| Industry | Automobile |
| Founded | 2009 |
| Founder | Paul Elio |
| Headquarters | Phoenix, Arizona, United States |
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Number of locations
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3 Shreveport, Louisiana; Livonia, Michigan; Phoenix, Arizona |
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Area served
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United States |
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Key people
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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 | www |
Elio Motors is an autocycle design company founded by Paul Elio in 2009. The three-wheeled Elio P4 aspires to attain a highway mileage rating of up to 84 with regular automobile features such as power windows, a power door lock, cruise control, and air conditioning, all in an aerodynamic, enclosed vehicle body. The design also includes a safety system of multiple air bags, anti-lock brakes, traction control, steel unibody frame, and crumple zones. Elio has suggested that manufacturing could happen in Shreveport, Louisiana, but has yet to go into production.
Elio Motors designed a three-wheeled autocycle with two wheels in front, one in back. Advertisements starting in 2017 show an increased base price target of $7,450 ($7,300 for those with reservations). It is designed to achieve up to 84 mpg-US (2.8 l/100 km) on the highway and up to 49 in the city. As of June 2017, there are five prototypes and three validation vehicles (codenamed: E1-A, E1-C, and E1-D) to test for safety, aerodynamics, and durability. Even though the E1-C is not used for testing, it is the most up-to-date interior with a cosmetically-evolved engine. Elio claims the autocycle could be produced using 80% soft-tooling. Elio's marketing has suggested that 100 pre-production fleet vehicles could be built at its Shreveport, Louisiana manufacturing facility if additional funds are secured.
The vehicle's design includes standard automobile features such as AC/Heat (manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. Continental AG has designed a tire specifically for the Elio. Elio designs meet motorcycle standards because as a three-wheeled autocycle, it is within the U.S. government's motorcycle classification. The company has lobbied in most states, to alter regulations that would otherwise require drivers to wear a helmet and, in many states to remove the requirement for operators to have a motorcycle endorsement on their driver license.
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Wikipedia