Elio Motors Profile
Elio Motors, Inc., a development stage company, designs, develops, manufactures, and sells automobiles. The company focuses on developing the Elio, a three wheeled vehicle for mass production in the United States, which gives 84 miles per gallon.
Strategy
The company’s Federal Motor Vehicle Safety Standards strategy is designed to meet motorcycle requirements and conform as much as possible to automotive Federal Motor Vehicle Safety Standards requirements while not violating the motorcycle requirements that it must meet.
Research and Development
During the fiscal year ended December 31, 2015, the company spent $2,085,590 on engineering, research and development activities.
Trademark and Trade Name
The company has registered ELIO and Design (the logo consisting of the name Elio in a circle); and ELIO MOTORS (name only) with the United States Patent and Trademark Office.
Competition
With respect to the Elio, the company faces competition from established automobile manufacturers, including manufacturers of high-MPG vehicles, such as Toyota Prius, Smart, Fiat, and Nissan Leaf.
History
Elio Motors, Inc., an Arizona Corporation, was founded in 2009. The company was incorporated in 2009.
