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Elio Momentum v6 – 2015 Milestones

Looking Back on an Elio Growth Spurt

Most parents can relate to this scenario. When they are around a child every day, sometimes it’s easy to miss subtle changes. But, flip through a photo album from just a year earlier and it hits home how much they’ve really grown.

The Elio team is like that parent. And, the Elio is our baby. Each day, we are grinding it out, doing everything we can to get this vehicle – your vehicle – to production. Sometimes, it’s easy to overlook the growth.

Every now and then we like to take a step back and take a look through the metaphorical photo album at progress we’ve made. Today, we’re taking a look back just six months. But, it’s been a remarkable six months!

In January, we announced that our new engine from IAV was completed and ready to take to the testing phase. Early on in the project, we realized we needed to build an engine from the ground up that would provide the fuel economy and driving characteristics that our customers would demand. We turned to IAV, an industry icon who has designed engines for the likes of Mercedes and BMW. Getting to the testing phase was a significant hurdle to clear.

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IAV developed engine for Elio Motors
In February, we topped the 40,000 reservation mark. Again, this was an important milestone, as it was just 12 months earlier that we hit 10,000 reservations. Consumer acceptance is growing. People simply love this concept.

March saw a flurry of activity. We introduced legislation to create the autocycle category. The engine was unveiled and we shared video of a running engine. Elio Motors is the first start-up vehicle manufacturer in 60 years to develop its own brand new internal combustion engine from the ground up. And, we launched an opportunity through JOBS Act legislation to allow accredited investors to buy into the company.

In April, we had a coming out party of sorts. Elio Motors exhibited at the New York Auto Show, one of the most important motor shows on the planet. The event put Elio Motors on a worldwide stage with the rest of the global auto industry.

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Fifth Generation Prototype, P5
After catching our breath for a few weeks, we came back with a vengeance in June, as our Supplier Summit yielded a monumental result – we were able to launch the build for the next generation prototype, the P5. This crucial step was made possible by the JOBS Act fundraising effort that kicked off in March.

In addition to those tangible signs of growth, we continued to grab the world’s attention. In January at the Consumer Electronics Show (CES), attendees named the Elio “the product they’d most like to take home.” In February, Elio Motors was featured on The Henry Ford’s Innovation Nation with Mo Rocca, a nationwide television show highlighting innovators from across the country. We also generated feature stories on Elio Motors and its quest in the New York Times and Wall Street Journal, two of the most prestigious and influential publications in the world.

So, here’s to a great run in the first half of 2015. We hit some important milestones and turned a lot of heads. Upon reflection, we’ve come a long way in a short period of time.

But, we know the best is yet to come. The next six months promise to bring more growth – more people who want a place in line, more progress with our prototype build, maybe even a little more press from some industry influencers.

Of course, we’ll be so busy with our nose to the grindstone that we won’t notice. But, we’ll sit down again in six months, pull out that metaphorical photo album once again and exclaim “My, how you’ve grown.”

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