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Electra Maccanica, can it do what Elio Motors has failed to do? In 2009 Elio Motors was founded with a idea to build a high mileage commuter auto-bike. This three wheeled auto-bike or trike as we call them was to be enclosed like a car, capable of carrying 2 people and a small amount of cargo and get 84 miles per gallon of gas all for $6,800 in the beginning and now asking $7,500. This during a crunch of high gas costs sent thousands to reserve and put a deposit down for one. Yet here we are 9 years later and still no delivery of the auto even though they run their website, have demo units across the country and collect reservations with a promise now of starting to build in 2018. In steps a Vancouver B.C. startup that has amassed an undisclosed amount of start up cash, has $4 Billion in orders, signed a assembly contract with a Chinese company and says building will begin Q1 of 2018 with first deliveries in 2019 of their 3 wheel EV version. 100 mile range, single person ultimate commuter auto. The Solo is designed to be the smallest and most efficient commuter trike around. ELECTRA MECCANICA The solo has the following stats: 100 mile range for 16.1kWh battery pack 137 mph top speed 0-60 in 8 seconds 3hr charge time on 220V 128 NM of Torque with 82hp Keyless entry, power windows, backup camera, AC, Heater, Defogger, Heated seat and AM/FM Bluetooth/USB/CD Stereo MSRP $15,500 Electra Meccanica says for no added fee, you can choose from Raven Black, Arctic White, Titanium Silver or Electric Red. They have a customize your Solo build tool and the web site invites you to build your Solo, then reserve it with a $250.00 refundable deposit. If the single seat commuter is not enough, they are also offering the Tofino two seater which has a 250 mile range, $1,000 dollar refundable deposit starting at $50,000 with delivery also in 2019. So what do you think?
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G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com $100 Million IPO and New Auto Price for Elio Motors! According to Autoblog, Elio Motors is planning to raise $100 million dollars in an IPO that would allow them to finally start construction and delivery of Elio Motors three-wheeled bikes. Elio Motors made a big splash when they first initially showed off their concept with a purchase price of $6,800. Since that time a few years back, the price has crept up to $7,450 as of the SEC filing. Original depositors will still get their promised bike as the stated price but new depositors will have to pay the higher price. Considering how this is priced in comparison to other forms of transportation, it is still a deal yet the big question is, will people buy the stock and can Elio finally deliver to the market?
