RichC | June 3, 2022
Over the years, I have backed a few smaller companies needing capital and pre-sales to expand their businesses. Before the days of online crowdfunding platforms such as Indiegogo and Kickstarter, I participated as an investor in two smaller Ohio local companies … one that landed a contract to fulfill candy for Disney World which need […]
RichC | March 27, 2022
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RichC | October 22, 2019
One thing about waiting for a start-up car company to build a car is that I’m learning a lot more about the automotive manufacturing process. Nowadays, many of the parts are manufactured by suppliers to the automotive industry and then assembled. The same will be true for the unique Elio Motors three wheel tandem seating […]
RichC | January 6, 2019
Last year, the chit-chat from Paul Elio was that production of the Elio was scheduled for the end of 2019 … far longer than any reservation holder had anticipated. I’ve remained confident and have ignored the doubters … but likely because I’ve put on an artificial blindfold to remain positive – who likes admitting they […]
RichC | October 4, 2018
Yes … I’m still waiting on my Elio. I can’t say that I’m confident they will ever roll off the factory assembly line, but since my deposit is likely already gone one way or the other, I’ll try to remain positive. This week’s Momentum, the Elio Motors newsletter for customers, discussed their philosophy on “trim […]
RichC | August 2, 2018
I have, and do, support a few crowd funded projects — I’ve placied preorders taking on risk and see it as taking a small scale venture capital risk (without much reward). A couple bigger investments have been Elio and MagFast. The latter posts weekly, and relatively personal updates via YouTube video, on how the process […]
RichC | May 19, 2018
Although the new auto company Elio Motors has struggled financially to move their production forward, Paul Elio still claims the Shreveport, Louisiana plant is 1-1/2 years from production. Those of use who have deposits and reservations and blog about it in are still hopeful, although low fuel prices, advancements in EVs and American’s love of […]
RichC | February 5, 2018
Although there are quite a few reservation holders starting to doubt whether we’ll ever see production (last update was 2019 deliveries), the marketing team continues to tease (update) on this small commuter car. The original low price has been inched up, but it still will be a bargain if Elio Motors can afford to put […]
RichC | October 27, 2017
Received an email from Elio Motors (yes they are still alive) with an opportunity that I’m hoping to take advantage of when (IF) I ever get to pick up my "all in" order. I do enjoy reading the updates and hope production begins next year as planned. The big concern for most of us is that […]
RichC | June 21, 2017
With financial concerns looming for Elio Motors, they continue to put out positive PR remarks to their "All In" reservation holders, prospective buyers and investors. Everything from their perspective is positive is a series of questions/answers posted on their website. One Q & A indicates that Elio Motors is "targeting 2018" to be the year […]
RichC | June 5, 2017
BUT … I would be remise not to share a few of the negative articles regarding Elio Motors weak fiscal condition, but would like to think this car will still be built. Last month Digital Trends published their update. Elio Motors, the Arizona-based startup that promised to change the way Americans commute, is in dire […]
RichC | February 9, 2017
My answer to "how comfortable?" – is that "I don’t really know"… because I haven’t been in one yet. But, I suspect after flying small airplanes like the Cessna 152 that someone who is 6’1" and 195 lbs like me should be "ok" for all but the longest trips. Here’s what the Elio blog has […]
RichC | January 16, 2017
The Elio came up in a discussion and the question came up, "how much will it really cost?" That’s when I realized just how confusing the low price point could be. Gone is the much marketed $6800 car as the current reservation price is $7300 … at least for about 1000 more orders. There is […]
RichC | September 18, 2016
After sitting quietly most of the summer, my friend Jeff needed to borrow a set of wheels for a week. He has intimately name the 1982 MB diesel the "old girl" and seems to appreciate her many quirks. Since it isn’t covered, there was a little dust, but she still looks pretty good to me. […]
RichC | June 17, 2016
Another Elio Motors update detailed more on a variety of engineering points (my previous posts) … particularly on how the Elio will achieve the advertised 84 mpg. Powertrain – An Efficient Union of Technology and Efficiency The other system we’re checking out this week is the Elio’s powertrain, which will help the Elio run as […]
RichC | June 14, 2016
The hardest part in putting down a deposit or investing way before a company is even off the ground is not the fear of failure, but the anticipation. Elio is doing their part to keep the excitement alive by sending out development photos, surveys and computer generated drawing. So far, they are doing most everything […]
RichC | February 20, 2016
Time to keep an eye on this small company … really hoping it can keep promises and start producing a $6800 three wheeled car without too many hiccups. Shares will be traded on the OTCQX under the ticker ELIO according to a press release. PHOENIX, Feb. 19, 2016 – Elio Motors, Inc. (OTCQX: ELIO), […]
RichC | October 31, 2015
While there is interest in the stock offering by Elio, most following this new American car company prefer to focus on the P5 prototype. I’m still amazed that they still are planning to their new “from the ground up” engine in the P5 and not something off the shelf. It will be interesting to see […]
RichC | October 6, 2015
Since I’m “all in” with a “spot in line” to purchase an Elio, it has me focused on following the progress towards building a production vehicle. I’m skeptical that this new company can achieve the high bar they have set (especially the $6800 price), but I’m enjoying the ride with them. This week a few […]
RichC | July 8, 2015
Elio Motors issued a press release today on the crowd funding “non-binding” interest for equity in their new American start-up car company. Troy, Mich., July 8, 2015 – Elio Motors today announced it is off to a record-setting pace for its disclosed equity crowdfunding campaign, with more than $16 million in expressed non-binding interest from […]
RichC | July 1, 2015
Investing in startups outside of a business where I have been hands-on management has never panned out successfully for me … so I’m not sure why I think ElioMotors will be different? In other words, treat that last statement a warning and my skepticism beyond seeing a new car company as interesting and exciting IF […]
RichC | June 24, 2015
Almost a year since our deposit (ALL IN was in November 2014) and our Elio delivery is still a year or so away … even if everything stays on track! Ugh. Also they are looking to raise a few dollars as a start-up company … although it goes without saying, this should be money you […]
RichC | March 1, 2015
Really just love the above camera angle of the Elio … a new micro-car company making its public relation rounds and aggressively taking pre-orders. I’ve mentioned Elio previously and am anxious to see, drive and OWN the little commuter car. There are plenty of details to be concerned about since their targets are aggressive for […]
RichC | November 28, 2014
With the “Elio upgrade Holiday Promotion” that will help lock in my “SIL” (Spot in line) and 50% bonus offer on an Elio … and a need to spend money on Black Friday without going to the stores [/sarcasm], I’ve upgraded my “ALL IN” status making a true commitment to this new car company. Paint […]
RichC | September 2, 2014
My wife is slowly coming around to the idea of an Elio as a commuter car. The PR swing they have been making around the country seems to have others showing interest too … but can they keep the quality up in order to sell it for $6800???
RichC | August 22, 2014
A second Tech Friday post: I’ve been looking for an excuse to try embed.ly … so here it goes with a Fox Business News Elio story … and a good PR one at that.
RichC | August 16, 2014
While we wait for our Elio, it is interesting to watch the social networking buzz and behind the scenes engineering testing that goes into developing a new vehicle … like thinking about “hitting a moose.” Let’s face it, hitting a moose is not good for any vehicle (or the moose). So, over the years, car […]
RichC | July 27, 2014
The interesting Elio “personal vehicle” has interested me since I first saw the companies marketing some time ago, but recentely decided that I wanted to get my reservation (with the 50% promo) in before it expires. The car, if you call it that, is price much lower than one would expect and looks to offer […]