Buckeyejake
Elio Addict
Will we be put on double secret probation ?
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What Is The Latest Start Production Date?
- Thread starter grampi
- Start date
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Don't push it Buckeyejake.......... It's gotten pretty far away from the starting topic.
slinches
Elio Addict
So has the latest production start date.
Just to bring things back on topic ... does anyone have a link the latest released production timeline handy? I think we're paused somewhere around month 4-6 of a 15 month production plan. If that's right, vehicles should start getting delivered ~9-11 months from when the production funding is announced.
Where did you hear that? And what did you use for a starting date?
Billy Rubin
New Member
Have any Elios been delivered? Read something here about a guy seeing a few on the road. I've been watching 3 wheeled vehicles over the last 20 years come and go, but none make it to production. This is a shame because I really like the idea. How about an amphibious version of the Elio if it makes it to full production>>>>>
Last edited:
Travelbuzz1
Elio Addict
None are on the road as of yet.
slinches
Elio Addict
I found the 15 month schedule. It was in the offering statement for the Reg A+ filing. And by "month 4" I meant that the milestones that have been met were representative of month 4 of the schedule.
Johnny Acree
Elio Addict
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I found my copy of the Plan of operation with the chart
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.
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):
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$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
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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
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.
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
Grumpy Cat
Elio Addict
Except Elio has even built the second batch (13) for engineering vehicles. I don't think they even finished the 5 for the first batch. I only recall the 4. In addition, they haven't started the 100 build...
That's interesting. So with that said........what did EM spend the Reg A+ funding round on that was earmarked specifically for E builds/testing/validation? Not many completed production milestones from that list?? Odd.
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