Funding Refused By Paul Elio

[Elio Amazed]

It is time to lay ELIO to rest.Five years ago it would have been great but since then EVs have advanced too far for ELIO to have any chance at all. Sondors will likely come to production soon just as the SOLO has. I purchased a Gen1 SOLO and drive it 70 miles every day. It is a great one seat vehicle. A little loud but I wear my noise canceling head phones so I can enjoy the car stereo. P;ease do not put Sondors in the same class as ELIO. Paul was paying himself over $200K per year and telling everyone he needed twenty million to start production. Storm has done everything for free.

Actually, no. Sondors is basically dead in the water at the present time. I also have/run a Sondors forum website and I'm the active monitor of the large FB fan group/club. Storm did raise a million through crowdfunding for the show prototype. The second fundraiser (a $2M first leg of a planned $20M campaign) failed. That $2M was supposed to be used to build the second (engineering) prototype. Since the end of the failed leg of fundraising which was a year and a half ago, there was / has been an instantaneous and almost complete blackout of information and communication from Storm and the Sondors Electric Car Company. Because there was no money to build the planned engineering prototype, Storm took the limited function show car back to Italy for testing and further development. That was well over a year ago and that's where things sit. According to their original time line, production was to begin around July of this year. Not a word from them in many months, and even then, all we got was basically "still testing".

 

[AriLea]

Actually, no. Sondors is basically dead in the water at the present time.

At one point there was a push to get Bombardier to do a design by Pierre Eithers (eh-Tee-eh). Only thing they ever produced was the Can Am at a huge price point.

These failures to produce, lower the believably of a new vehicle for anything except motor-sport purposes.

The one benefit from Elio, 1) there IS customer interest, and 2) there ARE satisfactory designs possible. 3) All we need is everything else.

You know, the major makers do not make high economy models voluntarily. They only do it because they want access to the market to sell higher profit models.

I wonder if a count can be made for how many attempts have been made?

 

[Samalross]

Overstock just released 3rd quarter. More losses and no mention of Eliocoin

 

[RSchneider]

Overstock just released 3rd quarter. More losses and no mention of Eliocoin

Seems that Pat has been silent for a while. I wonder if he and Paul are hammering out the final details on the Eliocoin on that South Pacific Island Pat has been at.

 

[Made in USA]

Seems that Pat has been silent for a while. I wonder if he and Paul are hammering out the final details on the Eliocoin on that South Pacific Island Pat has been at.

Patrick Byrne is no longer associated with Overstock or their subsidiaries. As he no longer gets insider information he would have nothing to say about Eliocoin. Now perhaps he could work with Paul to pay for the Eliocoin programming or some other funding options. We will have to wait and see.