ElioFisherman
New Member
It's a no brainer to put the first 100 to work building the orders beyond 100,000. What do you think?
Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.Looks like they are now calling them V1 units
We are in the process of refining our production plans with suppliers to start production in 15 months. The key milestones for the 15-month schedule are as follows (with E1, S1 and V1 referring to various vehicle prototype phases):
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$16.0 million, net proceeds at the close of the Regulation A offering
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E1 Engineering drawing release
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E1 Builds begin
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E1 Testing
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S1 Production drawing release & tooling kickoff
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Order long lead equipment
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Shreveport plant integration
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Initial 10 retail locations selected
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Retail lease agreements signed
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Service partner agreements signed
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S1 Builds and production validation
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Initial 10 retail stores build out complete
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EPA/CARB certification complete
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Start of Production V1
Fascinating reading, but not enjoyable reading.I was reviewing Elio's latest SEC business plan update (Form 10-12B) filled on 7/25/16.
I could not locate any reference to Elio's program to produce 100 pre-production units in calendar 2016 in this updated business plan.
Possibly Elio moved away from this goal?
Below is a link to the Elio's form 10-12B filing, makes for fascinating reading!
https://www.sec.gov/Archives/edgar/data/1531266/000121465916012757/e7211601012b.htm
First paragraph on page 8 says "Incorporated into the launch is the plan that the first 100 vehicles produced will be sold to a fleet customer to provide feedback".I was reviewing Elio's latest SEC business plan update (Form 10-12B) filled on 7/25/16.
I could not locate any reference to Elio's program to produce 100 pre-production units in calendar 2016 in this updated business plan.
Possibly Elio moved away from this goal?
Below is a link to the Elio's form 10-12B filing, makes for fascinating reading!
https://www.sec.gov/Archives/edgar/data/1531266/000121465916012757/e7211601012b.htm
First paragraph on page 8 says "Incorporated into the launch is the plan that the first 100 vehicles produced will be sold to a fleet customer to provide feedback".