Financing Elio Motors Development And Production

[Rickb]

The Elio fundraising strategy is outlined in general in an email recieved moments ago. Sounds like a plan.

 

[Edward]

I doubt an independent site is going to take the time to do this since the DOE already puts that information out there, but in the 2012 campaign, fact checkers did review claims by Romney that the program was a failure and discovered that the DOE loan gauruntees have a higher success rate than Romney's Bain Capital. http://www.greentechmedia.com/artic...omneys-debate-numbers-on-renewables-and-loans

 

[Gas-Powered Awesome]

[...]or the $100M they are spending to limit the methane "fart" gas cows produce.

Living in a house surrounded on all sides by cows and literally within feet of my back deck, I'm of the opinion that is money well spent!

Here's a Holstein, but there are Jerseys, Guernseys, a Brama, and even a Brown Swiss!

Now somebody photochop this girl into the back of an Elio like they transport them in Mother Russia!

 

[John Painter]

Actually that was the "Man Prayer". Lodge motto: "Quando omni flunkus moritati" (Pseudo-Latin for "When all else fails, play dead"). Well, until the whole funding thing gets sorted out, Keep you stick on the ice, remember, I'm pulling for you. We're all in this together!

+1

 

[Gas-Powered Awesome]

New Idea: Make all the Elios that will be flooding the streets into nodes on a mesh network to spread Internet access everywhere they go. Then maybe the googs will give 'em $1 Billion just to try.

"Google and Fidelity Put $1 Billion Into SpaceX"
http://www.nytimes.com/2015/01/21/technology/google-makes-1-billion-investment-in-spacex.html

Like Mr. Musk really needs the money!

 

[AriLea]

The Elio fundraising strategy is outlined in general in an email recieved moments ago. Sounds like a plan.

It's interesting in that it says 'As soon as one of these options comes through, Elio Motors will be able to communicate a more specific date for the vehicle launch'. It suggests many things, but doesn't confirm much..

 

[Rickb]

thanks .... it would be great to see the success stories

This is one NPR news article about the fund in general discussing the success of the fund inspite of the couple of high profile failures like Fisker and Solyndra. There was one link that listed the top ten companies receiving the largest loans which I hope to find back. The other nine companies made Solydra's $545 Million loan look small by comparison.

I usually look at the source of the article to be reaonably certain it's not politically biased and then fact check. The article below is NPR which is a source of news I trust to be accurate. There is way to much generalized negative one side only political BS out there.......and sometimes here too! LOL


http://www.npr.org/2014/11/13/363572151/after-solyndra-loss-u-s-energy-loan-program-turning-a-profit

 

[Rickb]

It's interesting in that it says 'As soon as one of these options comes through, Elio Motors will be able to communicate a more specific date for the vehicle launch'. It suggests many things, but doesn't confirm much..

Yes very generalized info to give us some sense they are trolling for funding options. The big news will be when they hook and net the first big one.

 

[Horn]

Real discussion (argument) based on your personal intrepertaion of the ATVM Loan Application Guidelines? The Elio Motors application wouldn't have been accepted and/or would have been rejected after the 1st step of the review process. We all know the government doesn't like to waste time or money. The application seems to be moving forward. Only time will tell whether it's approved. I'm happy you and TexasAElio are not sitting on the ATVM loan review committee. If denied there may be other available options on the track to fundraising.

I know. Someone with real credit experience would be horrible in the loan process. Like I said, it all comes down to their finances. They cant/wont make it public so its hard to say whether I would accept or reject.

I think if any company like this gets govt funding, they should get it in several spread out payments having to hit certain goals in the process and a ton of transparency. I guess this loan is like a student loan? You really have no idea how its going to work out. (Imo there should be stronger restrictions on those)

 

[Hotscoots]

That was sarcasm to the max! However, the DOE's renewable energy loan program is a proven success.

Are you being serious ? A success ? Solyndra aside , the program has cost tax payers 16 BILLION dollars . After donating to the Democrat party , several recipients went bankrupt and many more laid off workers . There are estimates that each "green " job created cost American tax payers
over 6 million dollars each. I guess each of us defines success differently .
Below is a partial list of DOE 1705 loan recipients that filed for bankruptcy shortly after receiving loans .

Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
EnerDel’s subsidiary Ener1 ($118.5 million)*
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Raser Technologies ($33 million)*
Nordic Windpower ($16 million)*

Most of the money went to large and established companies rather than startups. These include established utility firms, large multinational manufacturers, and a global real estate investment fund. In addition, 90 million was granted to Cogentrix, a subsidiary of Goldman Sachs.