A few short years ago, automotive enthusiast Paul Elio sized up the prevailing status quo of personal transportation. He saw the soaring costs of the vehicles we drive. He saw fuel prices spike to record highs almost daily. He saw Americans struggling with an economy that was taking too much and giving back too little. Paul Elio decided that the world was ready for something radically new. The result? A three-wheeled masterpiece of automotive brilliance that bears his name.
Paul set out from there with a clear-cut mission statement:
To provide a fun-to-drive, super-economical personal transportation alternative, that’s affordable, safe, and environmentally friendly. We are committed to the
American dream, creating American jobs, and bringing American automotive ingenuity to every vehicle we build. This is, and will remain
our mission at Elio.
For students the vehicle would offer a safe and reliable means to move around campus. It would allow families with minivans and SUV’s to add an economical
commuter vehicle to the driveway. For pure enthusiasts, it would deliver on flat out fun – with a potential for customizing as unlimited as imagination itself. Paul
Elio envisioned a vehicle that’s truly for everybody, and its inflation-defying $6,800, sticker price ensures that nobody
will be left out.
As noted, Paul Elio’s vision also included providing vital American jobs. This meant of course that he would tap the best of America’s automotive know-how on all levels of design and manufacturing. Paul Elio has never wavered from his mission. And the result is a three-wheeled expression of automotive brilliance that bears his name.
Elio is an idea whose time has come – and that time is now!
In a nutshell, Elio is a stand-alone solution for today’s generation of drivers. Gas prices are constantly spiking. Cars themselves cost more than houses did a few short years ago.
And in case you haven’t noticed, the world, and personal space along with it, is shrinking. We simply need to evolve to more efficient and practical forms of transportation. We need a new way to get around. And Elio is that new way. Never has different, sexy and fun tagteamed so well with serious, practical and smart. Consider:
It starts with a vision of what a vehicle should have…what it MUST have. Amazing fuel efficiency… uncompromised safety…high quality…and designed and manufactured in the USA. How’d we fit all that into one revolutionary vehicle?
There is no one simple answer. We looked at everything - from multi-milion dollar savings from how we are organized, down to $17 per vehicle in how we designed our hood latch.
We did it with the big stuff, like:
We did it in the small stuff, like:
Building a low-cost vehicle doesn’t come from one single solution. For Elio Motors, it is a variety of engineering and business decisions, both big and small, that add up to significant cost savings.
Less “Stuff” = Less Cost
Nothing is Too Small for Engineering InnovationA traditional hood opens forward, requiring two latches. If the first latch fails, the second latch keeps the hood from popping up and blocking the driver’s sight line. But, a second latch means more equipment and adds more than $20.00 to vehicle cost. On an Elio, the hood is engineered to open the other way. If the latch fails, the wind will blow the hood down rather than up, so a redundant latch is not required. The Elio latch costs just $3.00. Hundreds of these cost-saving designs add up to … or more accurately, it adds down… to $6.800.
Simple physics. Wind drag has a negative impact on fuel economy. But, half the vehicle pushes half the air. Elio gets up to 84 MPG highway because of its unique design. Gas mileage is determined by how much wind resistance there is on a vehicle. Because Elio is half the width of a regular car, it gets twice the mileage.
About $1,500 a year in fuel savings. That’s a great start. Say you get 22 MPG and drive 12,000 miles. At 4 bucks a gallon that’s roughly $2,100. Ouch. With an Elio, 12,000 miles at $4 per gallon only costs about $798 per year.
Bottom line, your Elio pays for itself… or more accurately, your local gas pump does.
It means saving billions of gallons of gas. And cuts down on billions of pounds of CO2 emissions.
At up to 84 MPG, you’ll be passing gas pumps all day long. Which also means you’ll be putting far less pollutants in the air. When we hit our sales targets, America could save almost 5 billion gallons of fuel per year, and CO2 emissions by about 90 billion pounds.
Oh, and speaking of passing gas, our in-house science geeks inform us that Elio will emit even less harmful emissions in the atmosphere per year than the average flatulent cow. Pretty impressive.
It starts with world-class leadership. Our board includes leaders with proven business and automotive leadership and success.
By any measure, the Elio Board of Directors makes for an impressive roster of industry icons. We invite you to click on and read their bios.
Just about every supplier company we’ve shown the Elio to responds with an enthusiastic “Count us in!” So it’s no surprise that we’ve gathered the support of the industry’s top suppliers. Our supplier partners are as enthusiastic about the vehicle as we are, and have embraced our technical and business approach to bringing it to market.
Here’s our impressive supplier roster so far. Click on any one to learn more.
The Elio is designed to meet the highest safety standards for cars. Its Safety Management System includes three airbags, a reinforced roll-cage frame, Anti-Lock Braking System, and 50 percent larger crush zones than similar vehicles.
Prior to production, we will run several prototypes through a battery of crash tests as we strive to make the Elio among the safest vehicles in the industry.
Paul set out with a clear mission:
To provide a fun-to-drive, super-economical personal transportation alternative, that’s affordable, safe, and environmentally friendly. We are committed to the American dream, creating American jobs, and bringing American automotive ingenuity to every vehicle we build. This is, and will remain our mission at Elio.
The vehicle is great for minivan and SUV owners who want an economical commuter car…for students looking to get around campus…for “clunker” owners who’d like an affordable new vehicle under warranty…for pure enthusiasts, who just want something new and fun. At $6,800, the Elio works for just about everyone.
We are building the Elio with 90 percent North American content. That creates jobs and strengthens our manufacturing base. Why is that important?
The auto industry is one of the most important industries in the United States. It contributes 3 – 3.5 percent to the overall Gross Domestic Product (GDP) and employs more than 1.7 million people.
Approximately 4.5 percent of all U.S. jobs are supported by the auto industry and people in these jobs collectively earn over $500 billion annually.
But, manufacturing jobs have been disappearing for two decades. Nearly 16.8 million people were employed in manufacturing in 1993. By 2013, that number had dipped to below 12 million. Much of this decline has come in the auto industry.
That’s why it’s so important to build the Elio with 90 percent North American content. We will create 1,500 direct jobs in Shreveport and 1,500 at our supplier partner companies. These will create 18,000 spin off jobs across the country.
To provide a fun-to-drive, supereconomical personal transportation alternative, based on a list of consumerfocused “must-haves” that keep our vehicles affordable, safe, and environmentally friendly.
We are committed to the American dream, creating American jobs, and bringing American automotive ingenuity to every vehicle we build.
This is, and will remain our mission at Elio.
Just about everyone we’ve shown the Elio to responds with an enthusiastic “Count me in!” So it’s no surprise that we’ve gathered the support of the industry’s top suppliers. Which in turn pretty much guarantees a product that will come off the line innovative and new, and at the same time proven in all areas of technology and engineering. Getting the bugs out before they ever get in – looks like another automotive first for Elio. Our supplier partners are as enthusiastic about the vehicle as we are, and have embraced our technical and business approach to bringing it to market. And they love to talk it up:
We had the opportunity to witness the vehicle at the Dream Cruise, Barrett-Jackson and the Sundance Film festival. At each event, the Elio proved to be a rock star. At the Dream Cruise, the Elio was within 300 feet of the C7 Corvette which was just being launched. There were a few people around the Corvette, but so many around the Elio you could not even see the vehicle. This happens at all the events where the Elio is on display.
Cliff Boggs, Vice President – Altair Product Design
Here’s the rest of our impressive supplier roster so far. Click on any one to learn more.
By any measure, the Elio Board of Directors makes for an impressive roster of industry icons. Each one intensely focused on the Elio vision of transforming the American transportation industry. We invite you to click on and read their bios.
Mr. Holden is the former Chief Executive Officer of DaimlerChrysler, where he worked in various leadership positions for 19 years. His roles included Executive Vice President of Sales and Marketing responsible for directing all of the automaker’s sales, fleet and marketing organizations in the United States, Mexico and Canada, including Mopar parts operations. In addition, he serves as a director of Sirius XM Radio, Inc., Snap-on, Inc. and Speedway Motorsports. Mr. Holden was a director of Motors Liquidation Company until its dissolution in December 2011. Formerly, Mr. Holden served as a director for Meridian Automotive Systems, Inc. Mr. Holden earned a B.S. in political science from Western Michigan University and a M.B.A. from Michigan State University.
Mr. Way served as the Chief Executive Officer of Lear Corporation from 1988 to September 2000 and Chairman of the Board from 1988 to December 2002. Mr. Way served with Lear Corporation and its predecessor companies for 37 years in various engineering, manufacturing and general management capacities. During his career he has served as a Director for several organizations, including Wesco International Inc., Wesco Distribution, Inc., CMS Energy Corporation, Consumers Energy Company of Consumers Gas Group, North American Rubber Inc., Cooper-Standard Holdings Inc. (formerly, Cooper- Standard Automotive Inc.), Cooper-Standard Automotive NC L.L.C. and Cooper-Standard Automotive FHS Inc., United Way Cancer Institute, Business Leaders for Michigan, RP Scherer Corporation, Lear Corp., Comerica Inc. (Holding Company of Comerica Bank), Catalent Pharma Solutions Inc., and Detroit Renaissance, He is a Trustee of Kettering University and Henry Ford Health Systems.
Mr. Lichter is founder, President and Chairman of the Board for IRG, LLC. He oversees all critical aspects of the business, including acquisitions, leasing, and property management at IRG. Mr. Lichter has held positions with General Services Administration of the United States Government, Mortgage Loan Department of New York Life Insurance Company, Marine Midland and started Quadrelle Realty Services, Inc. In recent years, he has acquired, in various forms and partnerships, over 100 industrial and commercial properties with a total size in excess of 100,000,000 square feet-making the portfolio the largest private holding of industrial and commercial real estate in the nation. Mr. Lichter is a national leader in transforming former military bases and industrial sites into thriving retail, residential and business.
Mr. Iyer brings nearly 25 years of product development, business strategy and operations expertise in the automotive industry, and brings to Elio Motors his valuable experience from several executive level and senior operating positions for established and startup automotive companies.
Most recently, Mr. Iyer was Executive Vice President at Envia Systems, a Silicon Valley battery company backed by venture investors, where he led all aspects of business strategy and product commercialization. Prior to Envia, Mr. Iyer was Vice President, Engineering at Next Autoworks, a Kleiner Perkins and Google Ventures funded company. At Next, Mr. Iyer set the original vehicle architecture, led the selection of vehicle technologies and suppliers, was responsible for all module engineering teams (Powertrain, Chassis, Exterior, Interior, Electrical & Vehicle Integration), and was accountable for all vehicle goals, including Safety, Bill of Materials Cost, Fuel Economy, Drivability, Vehicle Dynamics, Craftsmanship and Product Quality.
Mr. Iyer also created and directed the industry’s first collaborative vehicle development process called CarWorks (modeled after Lockheed Martin’s Skunk Works that developed the first stealth aircraft for its structure as an elite development team tasked with achieving breakthrough innovation under aggressive time and budget constraints), which involved appointing around 65 major Tier-1 automotive suppliers at the C-level executive and Division President level. The lean and collaborative process resulted in the completion of higher quality, soft-tooled running prototypes in one-third of the budget used by traditional OEM programs. Mr. Iyer successfully led his team to deliver the first production-intent prototypes, performing highly against competitive vehicles and logging over 5,000 miles without technical issues.
Before Next Autoworks, he was co-founder and Chief Operating Officer at ESG Engineering, a product development firm specializing in automotive and clean tech applications. Mr. Iyer began his automotive career at Johnson Controls (JCI) Automotive Systems Group, where he was involved in several OEM programs for interiors components.
Mr. Iyer received his M.S. in Mechanical Engineering from Penn State and his M.B.A. from Stanford Graduate School of Business.
Mr. Schembri previously was the President of smart USA, a Penske Automotive Group company. He was responsible for the successful launch of smart USA (a division of Mercedes-Benz), which included establishing and maintaining a sales and service retail network, customer relations, logistics, advertising, marketing, PR, government relations, and a parts distribution network.
Mr. Schembri has over 35 years of automotive experience. The majority of his career was realized in various executive positions at Mercedes-Benz and Volkswagen. While at Mercedes Benz, Dave served as both the Vice President of Sales and Vice President of Marketing. During his tenure, Schembri was responsible for several successful product launches while the company recorded 11 consecutive record years in new vehicle sales. In addition to his corporate responsibilities, Mr. Schembri served on the Board of Directors for the Boomer Esiason Foundation (BEF) in their effort to raise funds for research to find a cure for cystic fibrosis.
Mr. Schembri is currently the CEO of the Active Aero Group, a Platinum Equity Company. He attended the University of Detroit, where earned both his Bachelor’s degree and his MBA.