Elio Motors, trading OTCMKTS under the ticker ELIO, is an American automotive company focused on the design and planned manufacture of a three-wheeled, two-seat vehicle aimed at the commuter market. The company’s primary offering, the Elio, is engineered to deliver high fuel efficiency with a projected rating of around 55 miles per gallon. Featuring a tandem seating configuration, a 0–60 mph time of approximately nine seconds and a lightweight composite body, the vehicle is positioned to offer an economical alternative to conventional cars for urban and suburban drivers.
Since its founding in 2009 by automotive entrepreneur Paul Elio, the company has pursued a vertically integrated strategy encompassing vehicle design, prototype development and supply-chain partnerships. Early prototypes were unveiled at auto shows across the United States, generating consumer reservations through a direct-to-customer online ordering system. Elio Motors has secured agreements with parts suppliers for major components, including engine, transmission and chassis elements sourced from established automotive vendors.
The company is headquartered in Phoenix, Arizona, and has negotiated a manufacturing facility in Shreveport, Louisiana, where it intends to commence limited production. Elio Motors’ leadership team is led by Paul Elio as founder and CEO, supported by executives with backgrounds in automotive engineering, manufacturing operations and business development. The organization emphasizes lean manufacturing processes and strategic collaborations to manage start-up costs while scaling toward full production.
Elio Motors serves the U.S. light-vehicle market, targeting commuters seeking lower ownership costs, reduced environmental impact and simplified vehicle operation. While the company has faced production delays typical of automotive start-ups, it continues to refine its powertrain and safety systems in preparation for regulatory approvals and assembly-line ramp-up. Investors and potential customers monitor the firm’s progress as it works toward delivering its first series-production vehicles.
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