Gasoline – Fuel Efficiency

Elio Will Sell It's Three-Wheeled Vehicle in 2016

March 14, 2016

File Photo
File Photo

Elio Motors, Inc. will sell 100 pre-production three-wheeled vehicles built at its production facility in Shreveport, La. during the fourth quarter of 2016, the company has announced.

The startup vehicle manufacturer is planning to launch the 84-mpg vehicle with a targeted base price of $6,800, according to the company.

“We intend to sell the first 100 pre-production vehicles to one or more fleet customers, rather than use them for internal purposes as previously disclosed in our offering statement filed with the Securities and Exchange Commission,” said Paul Elio, Elio Motors founder and CEO. “This will help us generate additional revenue, it will allow us to evaluate vehicles under real-world driving conditions and it will allow our supplier team to refine our design.”

The vehicles will allow Roush, which was named Elio's lead engineering partner, to provide a quieter, smoother vehicle with refined driving characteristics. 

The bulk of the consumer launch will have to be moved into 2017 at an undetermined date, as the company continues to seek additional funding.

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