Fundraising Fox

Elio Motors

Phoenix, US · Founded 2017 · Delaware corporation

Founders & leadership

Elio Motors was founded in 2017 by PAUL ELIO.

PE
PAUL ELIOFounder
HI
HARI IYERExecutive
CG
CONNIE GRENNANExecutive
TA
TIM ANDREWSExecutive

Board

SL
STUART LICHTERBoard director
KW
KENNETH WAYBoard director
JH
JAMES HOLDENBoard director
DS
DAVID SCHEMBRIBoard director

Reported raises · per SEC filings

Form D private placements

$2.8M disclosed across 3 rounds · 2014–2018

$2.5MraisedMay 2018 · 1 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul ElioExecutive Officer, Director
  • Connie GrennanExecutive Officer
  • James HoldenDirector
  • Kenneth L. WayDirector
  • Hari IyerDirector
  • Stuart LichterDirector
  • David C. SchembriDirector
Offering amount
$2.5M
Amount sold
$2.5M
First sale
Apr 2018
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$215KraisedApr 2015 · 4 investors · Manufacturing
Rule 506(c)
Officers, directors & promoters on the filing
  • PAUL ELIOExecutive Officer, Director, Promoter
  • HARI IYERExecutive Officer, Director
  • STUART LICHTERDirector
  • KENNETH WAYDirector
  • JAMES HOLDENDirector
  • DAVID SCHEMBRIDirector
  • CONNIE GRENNANExecutive Officer
Offering amount
$30M
Amount sold
$215K
Minimum investment
$15K
Sales commissions
$3M
Proceeds to insiders
$4M
Placement agents
Network 1 Financial Securities Inc., Network 1 Financial Securities Inc.
First sale
Mar 2015
Incorporated
Corporation, Arizona
Federal exemptions
06c
Full filing on SEC EDGAR ↗
$100KraisedMar 2014 · 1 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • TIM ANDREWSExecutive Officer
  • PAUL ELIOExecutive Officer, Director, Promoter
  • STUART LICHTERDirector
  • HARI IYERExecutive Officer, Director
  • KENNETH WAYDirector
  • CONNIE GRENNANExecutive Officer
  • JAMES HOLDENDirector
  • DAVID SCHEMBRIDirector
Offering amount
$30M
Amount sold
$100K
Minimum investment
$100K
Sales commissions
$1.8M
Proceeds to insiders
$875K
First sale
Feb 2014
Incorporated
Corporation, Arizona, 2009
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Frequently asked questions

Who founded Elio Motors?
Elio Motors was founded by PAUL ELIO in 2017.
How much funding has Elio Motors raised?
Elio Motors has disclosed $2.8M raised across 3 rounds.
Where is Elio Motors headquartered?
Elio Motors is headquartered in Phoenix, US.