Elio Motors
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.
- Company typePublic
- Founded2012
- HeadquartersPhoenix, United States
- Headcount11–50
- GTM typeB2C
- OfferingHardware or Manufacturing
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.
Elio Motors firmographics
Firmographics- 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
Where Elio Motors is headquartered
LocationHeadquarters
- HQ city
- Phoenix
- HQ country
- United States
- HQ region
- North America
Markets served
Elio Motors business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales
Elio Motors product offering
Product offeringCore 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
Companies that use Elio Motors
Customer profileIdeal customer profiles1 record
Elio Motors technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Elio Motors partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights2 records
Elio Motors competitors and assessment
Company assessmentDirect 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
Elio Motors social profiles
Digital presenceElio Motors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elio Motors leadership team
Management profileNumber of profiles
Profiles2 records
Elio Motors funding detail
Funding detailFunding overview
Funding rounds8 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elio Motors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elio Motors
What does Elio Motors do?
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.
Is Elio Motors a public or private company?
Elio Motors is a public company. It is classified as public and is currently operating.
When was Elio Motors founded?
Elio Motors was founded in 2012. It employs 11 to 50 people.
Where is Elio Motors based?
Elio Motors is headquartered in Phoenix, United States, in the North America region.
Who are Elio Motors's main competitors?
Direct peers on record are Aptera Motors, ElectraMeccanica Vehicles and Arcimoto. Emerging players are Workhorse Group, Canoo, Lordstown Motors, Fisker Inc. and Faraday Future. Broad incumbents are Lucid Group and Rivian.
Does Elio Motors have an API?
No public API is recorded for Elio Motors.