So this is the letter that Paul Elio sent me from Elio Motors about the car that was suppose to be out in 2012 when I first heard of it. They keep pushing back production. When I first made my reservation they were anticipating release in 2014, then that was pushed to 2015 and then to the 3rd quarter of 2015. Now its 2016. Dear Elio Family: When I started Elio Motors, I always thought the most gratifying part of the experience would be seeing the vehicle go from concept to reality. After all, I’m an engineer. That’s what we do. We dream big and turn those dreams into a product people can use, enjoy, even love. But, a funny thing has happened on our journey. The real gratifying part of building a vehicle from scratch has been meeting the thousands of fans across the country who understand and support our mission. The people who have made reservations, or even just the ones who come to events with enthusiasm have altered my world view. Nothing is more important than supporters like you. With that in mind, since our inception we have adopted transparency as one of our core values. Keeping our customers up to date in a timely manner on our progress is incredibly important to our mission. That’s why it is a top priority of our company to let you know we have pushed back our 2015 production target. We now anticipate production date in the first half of 2016. We have many of the major building blocks in place to succeed, including our vehicle design, our world-class team of suppliers and the manufacturing facility in Shreveport. In addition, we will introduce our engine to suppliers, investors and media on Feb. 6. Even with all that progress, the key component that affects our timeline is funding, and these efforts continue to take shape as we have several strategies in place to expedite the fundraising efforts. We have retained Corporate Fuel Securities, a New York-based FINRA registered broker dealer to act as financial advisor and placement agent in our fundraising efforts. And, we can raise potentially millions of dollars through the sale of surplus equipment in the Shreveport facility. In fact, here is a web site where you can take a look at all the surplus equipment available (Surplus Elio Equipment). Additionally, there are a few other strategies we are working on behind the scenes that we’ll be able to announce in the near future. Rest assured, every single Elio Motors team member is working diligently every day to get us closer to production. All we ask is for your patience and support as we continue this journey. The Elio is revolutionizing the way people will commute and we look forward to the day you take delivery of your Elio. That day is coming. As we move forward with our fundraising efforts, we will share what information we can, as soon as we can. Thanks again for your support and your belief in Elio Motors. Best regards,
Posted on: Fri, 16 Jan 2015 19:46:07 +0000
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