Elio Motors

What Elio Motors does

Elio Motors is a Phoenix, Arizona-based publicly traded company (OTCQX: ELIO) that has been developing an ultra-high-mileage, fuel-efficient vehicle concept since its founding in 2008. The intended product is a lightweight, two-seat, three-wheel configuration positioned around high fuel economy and low cost-of-ownership for individual consumers. As of the available data, the company has not disclosed commercial shipments, production volumes, or recurring revenue; its operating status reflects a pre-commercial development-stage business with a headcount of 11-50 employees.

The company's capital base has been assembled through a series of small-to-mid sized equity raises between 2011 and 2018, totaling approximately $76 million, with Overstock participating as a named investor in the most recent disclosed round (April 2018). Its public listing on OTC Markets has provided retail-accessible equity financing, but the company has reported sustained net losses across fiscal years 2016-2020 with no disclosed revenue. No manufacturing partners, distribution agreements, supplier contracts, or customer reservations are documented in the source material, and no proprietary technology stack, AI/ML capabilities, or patents have been disclosed.

Leadership is led by founder and CEO Paul Elio, with Tim Andrews serving as a senior marketing executive. There is no evidence of an active go-to-market motion, sales channel, or pricing model, and the company's own web presence appears non-operational (the eliomotors.com URL currently resolves to unrelated third-party content). The combination of a long development horizon, no commercial output, no disclosed customers, and a multi-year funding gap indicates the company is in a stalled pre-revenue phase rather than an active growth or scaling posture.

Name

Elio Motors

Legal name

Elio Motors

Website

http://eliomotors.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Elio Motors is a Phoenix-based public company (OTCQX: ELIO) developing an ultra-high-mileage, fuel-efficient vehicle concept for individual consumers. Founded in 2008, it remains pre-commercial with no disclosed revenue, customers, or production.

Ownership category

akta.pro rank

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales

Core offering

Elio Motors manufactures an ultra-high-mileage vehicle targeted at the consumer automotive market. The company's core product is a fuel-efficient vehicle designed to deliver substantially higher mileage than conventional passenger cars, addressing consumer demand for low operating costs. The company is publicly traded on OTCQX under the ticker ELIO.

Product overview

Elio Motors is an auto/EV company listed on OTCMKTS (ticker: ELIO). Based on the available sources, Elio Motors operates as an automobile manufacturer focused on electric vehicle production. No specific product details, vehicle models, or service offerings were identified in the provided source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Ultra-High-Mileage Vehicle

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Expansion highlights2 records

Direct peers

• Aptera Motors: Aptera is a direct peer — both companies design and have long pursued ultra-high-efficiency, lightweight, three-wheeled vehicles targeting exceptional MPG/MPGe. Same target customer (fuel-cost-conscious commuters), same aerodynamic-first engineering philosophy, and a similarly prolonged development-to-production path.
• ElectraMeccanica Vehicles: ElectraMeccanica manufactures the single-seat, three-wheeled SOLO EV, a direct comparator to Elio's enclosed three-wheel commuter concept. Both target urban/commuter solo drivers with a low-cost, high-efficiency alternative to conventional passenger cars.
• Arcimoto: Arcimoto produces the three-wheeled FUV (Fun Utility Vehicle), another direct three-wheeled, ultra-efficient commuter EV comparable to Elio's design intent. Same regulatory vehicle class and similar target buyer.

Emerging players

• Workhorse Group: Workhorse is a small public EV maker focused on last-mile delivery vehicles and drones. Comparable in scale and public-microcap status to Elio, with overlapping capital-intensity and execution-risk profile.
• Canoo: Canoo is an EV startup developing purpose-built electric vehicles for subscribers and fleets. Similar in being a small, public, capital-constrained EV OEM targeting non-mainstream vehicle platforms.
• Lordstown Motors: Lordstown is a small public EV maker focused on light-duty commercial trucks, comparable to Elio as a public micro-cap EV OEM with limited production and significant capital-raising needs.
• Fisker Inc. Fisker is a public EV startup designing affordable electric vehicles. Comparable as a publicly listed, capital-intensive, low-volume EV manufacturer that has faced repeated production and capital challenges.
• Faraday Future: Faraday Future is a public EV startup that has experienced prolonged delays, capital stress, and operational turmoil — a useful comparable for the bear-case execution risks Elio faces.

Broad incumbents

• Lucid Group: Lucid is explicitly referenced in Elio's source data as the comparison peer; it is a publicly traded premium EV manufacturer and serves as the broader-market reference point for valuing Elio's EV exposure.
• Rivian: Rivian is a publicly traded EV OEM that, despite being better capitalized, illustrates the capital-intensity and operational complexity required to scale vehicle manufacturing — a relevant incumbent benchmark for Elio's ambitions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights4 records

Customer concentration

• Xx.com/eliomotors
• Facebookfacebook.com/ElioMotors
• LinkedInlinkedin.com/company/elio-motors

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds8 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elio Motors