cantwait
Elio Addict
It looks like things are moving forward with the SEC. 
http://www.secdatabase.com/CIK/1531266/Company-Name/ELIO-MOTORS-INC.
Elio resubmitted the Form 1-A/A on the 21st, and there are several new pieces of information.
The most exciting part to me was the plan of operations on page 25:
Sounds like plans are getting firmed up and ready to go. Then page 26 goes on about the financing plans to raise the additional $240 million needed after the $25 million from the Reg A+ filing is spent building and testing the E-series prototypes.
Plan of Operations
Much of the vehicle engineering has been completed, and we are finalizing our engineering simulations, which suggest that the
important vehicle performance milestones can be achieved. To date, $17.4 million has been invested in vehicle engineering and
development. We are now seeking $25 million in funding from this Regulation A offering to fund the build of 25 prototypes and the
completion of the safety and final engineering tests. Upon completion of this phase, which management expects to take six months, the
vehicle production costs, as well as the performance and safety profiles, will be understood to a level that will allow for the kick-off of
hard tooling. With the development risks addressed, we will then be in a position to raise larger amounts of capital - to be up to another
estimated $240 million to fund production activities. The diagram below portrays the stages of development for the current financing
round and the subsequent phases leading to production.
(I couldn't copy the time chart they had here.)
We are in the process of refining our production plans with suppliers to start production in 15 months from the completion of
this offering. The key milestones for the 15-month schedule are as follows (with E1, S1 and S2 referring to various vehicle prototype
phases):
• $25M Regulation A offering underway
• E1 Engineering drawing release – Month 2
• E1 Builds begin – Month 3
• E1 Testing – Month 4
• S1 Production drawing release & tooling kickoff - Month 7
• Order long lead equipment – Month 9
• Shreveport plant integration – Month 9
• Initial 10 retail locations selected – Month 10
• Retail lease agreements signed – Month 11
• Service partner agreements signed – Month 11
• S1 Builds and production validation – Month 13
• Initial 10 retail stores build out complete – Month 14
• S2 Builds & EPA/CARB certification complete – Month 14
• Start of Production – Month 15
The anticipated budgets required to achieve the milestones are provided in the table below:
Copyright © 2013 www.secdatabase.com. All Rights Reserved.
http://www.secdatabase.com/CIK/1531266/Company-Name/ELIO-MOTORS-INC.
Elio resubmitted the Form 1-A/A on the 21st, and there are several new pieces of information.
The most exciting part to me was the plan of operations on page 25:
Sounds like plans are getting firmed up and ready to go. Then page 26 goes on about the financing plans to raise the additional $240 million needed after the $25 million from the Reg A+ filing is spent building and testing the E-series prototypes.
Plan of Operations
Much of the vehicle engineering has been completed, and we are finalizing our engineering simulations, which suggest that the
important vehicle performance milestones can be achieved. To date, $17.4 million has been invested in vehicle engineering and
development. We are now seeking $25 million in funding from this Regulation A offering to fund the build of 25 prototypes and the
completion of the safety and final engineering tests. Upon completion of this phase, which management expects to take six months, the
vehicle production costs, as well as the performance and safety profiles, will be understood to a level that will allow for the kick-off of
hard tooling. With the development risks addressed, we will then be in a position to raise larger amounts of capital - to be up to another
estimated $240 million to fund production activities. The diagram below portrays the stages of development for the current financing
round and the subsequent phases leading to production.
(I couldn't copy the time chart they had here.)
We are in the process of refining our production plans with suppliers to start production in 15 months from the completion of
this offering. The key milestones for the 15-month schedule are as follows (with E1, S1 and S2 referring to various vehicle prototype
phases):
• $25M Regulation A offering underway
• E1 Engineering drawing release – Month 2
• E1 Builds begin – Month 3
• E1 Testing – Month 4
• S1 Production drawing release & tooling kickoff - Month 7
• Order long lead equipment – Month 9
• Shreveport plant integration – Month 9
• Initial 10 retail locations selected – Month 10
• Retail lease agreements signed – Month 11
• Service partner agreements signed – Month 11
• S1 Builds and production validation – Month 13
• Initial 10 retail stores build out complete – Month 14
• S2 Builds & EPA/CARB certification complete – Month 14
• Start of Production – Month 15
The anticipated budgets required to achieve the milestones are provided in the table below:
Copyright © 2013 www.secdatabase.com. All Rights Reserved.
