• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

Hey You Cheerleaders, When Do You Think There Will Be A Major Financing Announcement?

WilliamH

Elio Addict
For me it's not about production target deadlines or contract promises to create jobs because funding needs to be in place before goals and contract deadlines can actually be met. My personal issue is that after 8 years of following Paul Elio's dream (and mine), I still can't test drive an Elio concept. Can you imagine how the Elio reservation numbers would sky rocket if EM was positioned to offer ride and drives rather than sit and touch events. After 8-9 years in development and millions of debt it seems there should be a fleet of P4's, P5's or E's Ride & Drives touring the country........or for some odd logic not. Any other future Elio Owners an 8 year Charter Member of the Elio Fan Club?
I think the E1A should have been driven out on the stage.......or better yet onto the race track......and the Congresswoman should have taken a lap providing she could drive a manual tranny. It will happen soon?

There will be a major financing/funding announcement soon after the testing and validation process. IMO

I can't disagree with your frustration, and although I haven't been following as long as you have I too am frustrated.
On 'ride and drives' .....
Continental has E1a to get the ABS setup. Would you really want to let someone drive a vehicle with iffy brakes?
What would the insurance issues be in the general public driving an incomplete prototype vehicle?
What would be the cost of having multiple teams conducting ride and drives?​
While your idea has some merit, it has a lot of cost and potential liability built in.
 

Horn

Elio Addict
Of everything you've said, this is the part that holds the most value. In order for the project to really take off and produce the volume of orders needed for success, there has to be more progress with producing actual physical goods. Luckily, there is progress along those lines. The 23 E series vehicles are being built right now, and will be used to assess manufacturability, durability, fine tuning of various systems, perform safety/crash testing, and develop the manufacturing tooling. The first E-series has already been completed and delivered to Continental. Later this year, a series of 100 pre-production vehicles will be built and used for fleet customers for further road evaluation.

So, yeah, they need to actually make something. Good news: They are!

They do have the first one built, built it has taken quite a few years. They gotta start somewhere though.

Aside from financing, i think the biggest issue is how quickly they actually build these pre production cars. Right now it seems like a very slow crawl. Get them built quickly and seeing them on the road will spark a ton of interest.
 

Horn

Elio Addict
I can't disagree with your frustration, and although I haven't been following as long as you have I too am frustrated.
On 'ride and drives' .....
Continental has E1a to get the ABS setup. Would you really want to let someone drive a vehicle with iffy brakes?
What would the insurance issues be in the general public driving an incomplete prototype vehicle?
What would be the cost of having multiple teams conducting ride and drives?​

The brake issue can easily be fixed. That's not a big deal at all.

Insurance would probably be the big thing, but could probably be worked around.

IMO they would make money (or get it sooner) if people would see people driving the the Elio. I don't think you would have to pay much if anything. There are several members here that would drive the car for free.
 

Horn

Elio Addict
......"The deadline was extended to mid-2016 earlier this year."....
So if your boss extended your deadline that wouldn't be a problem either.

The point of that post was to show you there has been a deadline that has been missed after you argued there have been 0 deadlines missed. Not to argue about extensions or bosses.
 

Rickb

Elio Addict
I can't disagree with your frustration, and although I haven't been following as long as you have I too am frustrated.
On 'ride and drives' .....
Continental has E1a to get the ABS setup. Would you really want to let someone drive a vehicle with iffy brakes?
What would the insurance issues be in the general public driving an incomplete prototype vehicle?
What would be the cost of having multiple teams conducting ride and drives?​
While your idea has some merit, it has a lot of cost and potential liability built in.
I don't think there would be extra cost or liability to ride and drive a proof of concept. My point was there seems to have been time enough to build a proof of concept prototype with reliable off the shelf braking and or other Elio engineering specs. Insurance should not be an issue with waivers signed......no different than test driving any vehicle.....proof of personal insurance covers a test drive. A single team with multiple Elios at a ride and drive is at no additional cost over the current sit and touch event tour schedule.

Test ride and drives in proof of concepts is possible without extra cost and/or liability so likely not the reason. Arcimoto is ride and driving their SRK, Tesla ride and drives in their Model 3, and Toyota ride and drives in their i-Road.............no difference. The Elio is still building their proof of concept after 8 + years in development which is not frustrating, but rather puzzling. Perhaps after the proof of concept E Build's and validation. Technically, they could use a couple of the 100 Elio Alphas for ride and drives. IMO
 

WilliamH

Elio Addict
The point of that post was to show you there has been a deadline that has been missed after you argued there have been 0 deadlines missed. Not to argue about extensions or bosses.

And my point was that since the "deadline" was extended it was not missed.
Before I retired I was a manager at Bell Labs.
I had to write appraisals on my employees based on their performance.
Part of that included how well they met "deadlines".
If one of my people came to me and explained to me that a "deadline" could not be met and I agreed to an extension that meant no penalty and probably no loss of potential bonus.
Since RACER granted the extension, the deadline was not missed.
 

WilliamH

Elio Addict
I don't think there would be extra cost or liability to ride and drive a proof of concept. My point was there seems to have been time enough to build a proof of concept prototype with reliable off the shelf braking and or other Elio engineering specs. Insurance should not be an issue with waivers signed......no different than test driving any vehicle.....proof of personal insurance covers a test drive. A single team with multiple Elios at a ride and drive is at no additional cost over the current sit and touch event tour schedule.

Test ride and drives in proof of concepts is possible without extra cost and/or liability so likely not the reason. Arcimoto is ride and driving their SRK, Tesla ride and drives in their Model 3, and Toyota ride and drives in their i-Road.............no difference. The Elio is still building their proof of concept after 8 + years in development which is not frustrating, but rather puzzling. Perhaps after the proof of concept E Build's and validation. Technically, they could use a couple of the 100 Elio Alphas for ride and drives. IMO

If you can talk them into using some of "the 100" for "ride and drives" you got my support.
 
Top