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Elio Addict
Elio makes list of Top 10 Automotive startups at LA Show
$6,800 Trikes Will Get 84 Miles Per Gallon
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Danny King
The Los Angeles Auto Show's Connected Car Expo (CCE) will tout 10 startups whose amenities range from ride-sharing services to speech-recognition technology to drunk-driving-prevention features. Fortunately, there's also an automaker mixed in there as well, which is kind of appropriate for an auto show. It's Elio, and the company will promote its super-high-MPG three-wheeled vehicles at the show in November.
Elio will tout its street-legal vehicle that will get an estimated 84 miles per gallon. And while such high-MPG vehicles can be expensive, Elio says it will sell the trikes for about $6,800 a pop.
The Louisiana-based company most recently made news on these pages in June when it said it raised over $25 million in crowdfunding investments through its StartEngine page. There was a little hiccup, since the initial total of $25 million included some funny business with some of the investors, the company said. There was a happy ending, however, after the suspect investors were filtered out and that total fell back to about $21 million, Elio climbed back up to its $25 million goal. In all, Elio says it's raised $70 million worth of investments, has taken in $18 million worth of reservations and has attracted a whopping $290 million in vehicle pre-orders.
Elio and partner Comau will build the vehicles in a Shreveport plant formerly used by General Motors. Elio is slated to start building the trikes next year. Take a look at the Auto Show's press release below.
$6,800 Trikes Will Get 84 Miles Per Gallon
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The Los Angeles Auto Show's Connected Car Expo (CCE) will tout 10 startups whose amenities range from ride-sharing services to speech-recognition technology to drunk-driving-prevention features. Fortunately, there's also an automaker mixed in there as well, which is kind of appropriate for an auto show. It's Elio, and the company will promote its super-high-MPG three-wheeled vehicles at the show in November.
Elio will tout its street-legal vehicle that will get an estimated 84 miles per gallon. And while such high-MPG vehicles can be expensive, Elio says it will sell the trikes for about $6,800 a pop.
The Louisiana-based company most recently made news on these pages in June when it said it raised over $25 million in crowdfunding investments through its StartEngine page. There was a little hiccup, since the initial total of $25 million included some funny business with some of the investors, the company said. There was a happy ending, however, after the suspect investors were filtered out and that total fell back to about $21 million, Elio climbed back up to its $25 million goal. In all, Elio says it's raised $70 million worth of investments, has taken in $18 million worth of reservations and has attracted a whopping $290 million in vehicle pre-orders.
Elio and partner Comau will build the vehicles in a Shreveport plant formerly used by General Motors. Elio is slated to start building the trikes next year. Take a look at the Auto Show's press release below.
