05-02-2017, 11:10 AM
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#1679 (permalink)
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Batman Junior
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$376M needed for 2018 production start
Elio Motors Says It Needs $376 Million To Fund Production
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Elio Motors filed its latest reports with the Securities and Exchange Commission, and the three-wheeled auto start-up’s future looks even bleaker than before: according to its latest 1-K form, filed today, Elio says it wants production to begin in 2018, but it needs $376 million to make that happen, up from the previous estimated funding requirement of $312 million.
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