And customers who have fastened themselves with a non-refundable pre-order will have a final price of $7,300 for the two-seater car.
Incidentally, the presentation of Paul Elio last month at the Gateway Conference was a perfect opportunity to secure additional funding and investments for Elio Motors as the event is described as one of the United States’ most exclusive financial conferences, linking companies with top institutional investors and analysts.
What makes the Gateway Conference different from other investor conferences is its unfiltered access and it was a perfect venue for Paul to present Elio Motor’s story.
The Elio Motor founder and CEO highlighted in his presentation the company’s steady growth in reservations for the E1A, the 486% growth in Facebook likes, and the selection of the E1A as the overwhelming favorite at last year’s Consumer Electronics Show (CES) 2015.
His best pitch to investors came when he promised that Elio Motors shall create jobs, strengthen its manufacturer base, and reduce dependence on foreign oil, which are undoubtedly very worthy goals.
Paul Elio also had one-on-one meetings with several investors and discussed the company’s recent milestones achieved in engineering as well as the established pricing and supply agreements as Elio Motors prepares for commercial production.