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What Would It Take To Go Electric Elio?

Discussion in 'Elio Drivetrain' started by XanWolf, Jan 3, 2019.

  1. 3wheelin

    3wheelin Elio Addict

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    Trust me, I don't think it matters now even if I believe Paul Elio still plans on releasing the results of their IAV test after all these years (2015- ). EM are now shopping for a new engine and still in funding mode.
     
    Last edited: Jan 18, 2019
  2. Grumpy Cat

    Grumpy Cat Elio Addict

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    When were they shopping for a new engine? I thought they were using Roush:

    https://www.elioowners.com/threads/a-powertrain-press-release.9110/
     
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  3. 3wheelin

    3wheelin Elio Addict

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    I'm a bit late on update, sorry Grumpy! That's good to hear regarding this association with Rousch on powertrain. I was responding about the 2015 IAV engine that didn't get any traction on the pavement let alone results of the initial tests...but correct me if I'm wrong.
     
    Last edited: Jan 18, 2019
  4. RSchneider

    RSchneider Elio Addict

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    wizard of ahs likes this.
  5. Rickb

    Rickb Elio Addict

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    Rousch has been working for EM for almost 3 years? Curious question after reading your link. It states that EM has decided to bring Rousch on board as a partner along with the rest of their world class partners, but can you link that Rousch has actually contracted and accomplished engineering work for EM, or is Rousch waiting on EM’s funding like all the other partners? EM has a list of Partners, but none are contracted and being paid to do work and or supply component parts. The last contract i can find is with IAV and IAV had a $1.5 Million overdue, unpaid balance for EM’s engine development and bench testing back in 2015-16.
     
    Last edited: Jan 18, 2019
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  6. Grumpy Cat

    Grumpy Cat Elio Addict

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    It is a MOU, so it is not a contract. Kind of like a verbal agreement.
     
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  7. 3wheelin

    3wheelin Elio Addict

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    In this time and age. A verbal agreement have no chance in court if the parties envolved decided not to honor it.
     
  8. Rickb

    Rickb Elio Addict

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    If it's a MOU, it's like a handshake agreement to do future contract work. Then it's apparent Rousch hasn't done any engineering work for EM and waiting on funding to do so.
    BAFBD47F-8201-4779-8C91-3F54E65CEAF6.jpeg
     
    Last edited: Jan 18, 2019
  9. Grumpy Cat

    Grumpy Cat Elio Addict

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    That's what I said, an MOU (memorandum of understanding) is not a contract, which mean, there is no obligation for them to make an engine for Elio.
     
  10. RSchneider

    RSchneider Elio Addict

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    Roush was contracted for engineering work. That's what they do. So finding proof that they redesigned a widget on the car is impossible. I do know this. Elio raised $16M in Reg A+. Right after that, Roush is announced at an engineering supplier. After that, Elio gets a new body and chassis along with suspension changes (which you can see if you look). Doesn't it seem to be a coincidence that all of that happened that way?

    As for now, the MoU is with the powertrain manufacturer, not Roush. Roush is only there to see what will work and what will not. Then do exploratory work to determine what it will take to put that powertrain in the car. If you notice, Elio gets $2.5M and a few months later this MoU is announced. A coincidence? I think not.

    After this, Roush will then fit the new engine and do testing to make sure it works. That will not happen until Elio raises more money. As Paul has said in the past about the money that they get, they burn through it right away. I bet that $2.5M was gone in about a month. Also, Roush works for money. No money, no work. They do not feel sorry for Elio. It's just all business. Plus Roush would not allow Elio to use their name unless they were getting paid and doing actual work.
     

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