Corporate Presentation

July 2016

OTCQX:ELIO
OTCQX:ELIO

Important Cautions Regarding Forward-Looking Statements

Certain statements in this presentation are “forward-looking statements.” These statements involve risks and uncertainties, and Elio 

Motors, Inc. (the “Company”) undertakes no obligation to update any forward-looking information. Risks and uncertainties that could 

cause actual results to differ materially from planned operations include, without limitation, delays in receipt of adequate financing, 

delays in commencement of production, decreased consumer interest in the Company's products, downturn in general economic 

conditions, increased production costs and availability of raw materials, competition, and unfavorable market and regulatory 

conditions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control.

Readers are referred to the Company's periodic reports filed with the Securities and Exchange Commission, specifically the most 

recent reports which identify important risk factors that could cause actual results to differ from those contained in the forwardlooking statements. The information contained in this presentation is a statement of the Company's present intentions, beliefs or 

expectations and is based upon, among other things, the existing business environment, industry conditions, market conditions and 

prices, the economy in general and the Company's assumptions.

The Company may change its intentions, beliefs or expectations at any time and without notice, based upon any changes in such

factors, in its assumptions or otherwise, and it undertakes no obligation to revise or update publicly any forward-looking statements 

for any reason. The cautionary statements contained or referred to in this presentation should be considered in connection with any 

subsequent written or oral forward-looking statements that the Company or persons acting on its behalf may issue.

2
OTCQX:ELIO

Compelling Value Proposition 

(price / mileage)

Low Execution Risk 

(no new technology) 3

Safe

4 Made in America

2

3

Elio Motors – The Revolutionary & Disruptive Vehicle

Elio Motors is the product of a mobile society naturally evolving to a 

more efficient, practical & affordable form of transportation

54,467 Reservations 

& Counting 1
OTCQX:ELIO

The Elio: Compelling Value Proposition

Compelling Value Proposition

Low sticker price

• Targeted $6,8001 base price including 

ABS/ESC, A/C and power windows & lock

• 75% supplier quotes in place

High mileage with IAV-Elio engine

• Up to 84 MPG EPA highway

• 49 MPG EPA city

4

1) Starting MSRP excludes destination/delivery charge, taxes, title, registration, and options/installation

Aerodynamic Design

1
OTCQX:ELIO

Low Execution Risk: No new 

technology – many components are 

off the shelf

Safe: Engineered to meet the highest 

vehicle safety standards

The Elio: Safe, Low Execution Risk & Made in America

5

Featured in these publications & programs:

Made in America:

• Conceived, engineered and 

manufactured in America

• Targeting utilization of 90% 

North American components

3

4

2
OTCQX:ELIO

Basic Architecture: Three Wheels & Tandem Seating

• Premise: most households have at least one 

vehicle that is primarily used by only one 

occupant

• Two seats, front-to-back, key to highway mileage: 

1⁄2 as wide a vehicle, moves 1⁄2 as much air

• 3-wheels qualifies vehicle as a motorcycle

• Lower compliance requirements saves millions 

in development & launch costs

• Development time reduced by years

• HOV/Carpool lane access

• The Elio is designed to meet the highest safety 

standards

6
OTCQX:ELIO

Highly Engineered

• Safety – After substantial simulation, the Company 

and its safety system supplier believe that the vehicle 

will achieve desired safety standards in all directions

• Aerodynamics – We believe that after numerous 

computational fluid dynamics (CFD) simulations, 80+ 

MPG EPA Highway is achievable

• Handling – Built to achieve 0.85 lateral g’s and 

perform well in aggressive high speed maneuvers

• Fit and Finish – Using current manufacturing 

techniques, we anticipate that the Elio will have 

world-class fit and finish

7
OTCQX:ELIO

Elio Motors Targets Four Segments

• There are currently 264.2 million vehicles in the U.S.1

• Elio Motors aims to compete successfully in the used car market & two 

non-traditional segments – the Third Vehicle and the Clunker segments

8

1) IHS Automotive – Length of Vehicle Ownership

Clunkers

100,500,000

Used Cars

38,000,000

New Cars

17,500,000

Third Vehicle

??,000,000

Clunkers Source: IHS Automotive Used Cars Source: NBC News New Cars Source: manheim.com

NEW SEGMENT –

ELIO EXCLUSIVE 

DUE TO PURCHASE 

MODEL

WE BELIEVE THAT ELIO CAN 

COMPETE EFFECTIVELY IN 

TRADITIONAL USED CAR 

MARKET

ALL OTHER OEM’S 

+ ELIO

NEW SEGMENT –

ELIO EXCLUSIVE
OTCQX:ELIO

55,668

320,210

Dec. 2013 May 25,

2016

Strong Consumer Interest: Facebook “Likes” & Website Hits

9

Facebook “Likes”

1) Alexa.com; Elio ranks 18th among top auto manufacturers for most unique website visitors (spots 1-11 not shown) 

0.4

0.5

0.5

0.6

0.7

1

1.2

1.3

1.3

Scion

Fiat

Mini

Volvo

GMC

Lexus

Kia

Chrysler

“Unique” Visitors per Auto 

Manufacturer’s Website1

(in millions)
OTCQX:ELIO

Reservation Growth 

10

1) As of May 31, 2016

54,467

May 31, 2016

2013 2014 2015 2016

May 31, 2016

Paid reservations: 54,467 units 

Reservations received:$23.9M1

Potential orders represented: $343M1

All before the first production vehicle is built
OTCQX:ELIO

Reservation Growth 

11

Source: Independent Brand Awareness Study, conducted by 

Berline Communications May 2016, +/- 5% margin of error

Elio Motors has generated 54,467 reservations, despite only 6.5% brand 

awareness among adults age 25-75 in U.S.

89.0%

85.8%

84.1%

70.2%

6.5%

Toyota

Nissan

General Motors

Tesla Motors

Brand Awareness Among U.S. Adults Age 25-75 Reservation Distribution

54,467 Reservations
OTCQX:ELIO

Distribution – Retail Centers

12

Current System

• Uses package system (LX, SX, DX) to minimize build configuration

• Forces consumers to purchase options they do not want

Elio Motors ePlus: My Elio. My Way. 

• Retail centers will offer point-of-sale installed options which allows 

customers to purchase only the options they want

• Customers will choose from 14 combinations: 7 colors in either 

manual or automatic transmission

• The customer specific vehicle will be built out at the customization 

studios and delivered the next day

Value Proposition

• Under current system, ~25% of MSRP is for advertising and 

dealership network

• In Elio Motors’ system, mass personalization will happen at the pointof-sale which decreases cost and improves customer satisfaction
OTCQX:ELIO

Retail Strategy – ePlus

How it will work

• A customer visits one of Elio Motors’ stores in 

any of the top 60 U.S. markets

• Selects color, transmission, and desired options

• Customer’s order goes to one of 7 

customization studios

• Stores are open until 9 p.m., customization 

studios build out vehicles until midnight

• With 7 customization studios, all stores are 

within 9 hours

• The customer gets the vehicle exactly the way 

they want within 24 hours, no matter what time 

they come into the store1

13

Key Partners

CarsArrive will transport vehicles 

from customization studios to 

Elio Motors’ stores

ADESA will use their existing 

infrastructure at their auction 

sites to install options

Pep Boys is anticipated service 

provider to provide factory 

authorized service

1) Does not apply to vehicle wrap option
OTCQX:ELIO

Impact of Abandoning the Package System

• According to JD Power and Associates, at least 20% 

of new-vehicle owners have never used 16 of the 33 

technology features measured1

• Consumer Affairs states that option packages lose 

value at a much quicker rate than vehicles2

• Consumers are being forced to buy expensive option 

packages that include unwanted, unused features

• The “ePlus: My Elio. My Way.” mass personalization 

system provides option suppliers with accurate data 

on the desirability of their offering

1) Source: http://www.jdpower.com/press-releases/2015-driver-interactive-vehicle-experience-drive-report

2) Source: https://www.consumeraffairs.com/news/option-packages-lose-value-faster-than-the-car-does-090415.html

Can Change the Industry

14

ePlus creates a revenue stream for 

Elio Motors as owners continue to 

add new features on their vehicles 

after they have purchased their Elio

20%

80%

New-vehicle owners 

who have never used 

nearly half of 

technology features 

measured in the report
OTCQX:ELIO

Elio-IAV Engine

15

Elio featuresa purpose-designed engine by IAV

Elio is the first start-up vehicle manufacturer to develop its own 

engine in over 60 years1, using existing components 

1) Nash Motors in 1951 was the last to do so

Specs:

• 0.9L 

• 3 cylinder

• 55 hp power

• 55 ft-lb torque
OTCQX:ELIO

Highly Engaged Supply Base

16
OTCQX:ELIO

Manufacturing Facility

Former GM assembly plant in Shreveport, Louisiana

• Prior GM use – Mid-size pickup trucks

• Long-term lease for ~1M sq. ft. of 4M sq. ft. facility 

to be utilized for General Assembly; Body Shop; Paint

• Rail service

• Plan to sell 100 pre-production vehicles in Q4 2016

• Plant capacity of 250,000 cars per year

• Estimated cost to greenfield required infrastructure

• Equipment: ~$300M

• Plant: ~$100M

17
OTCQX:ELIO

Elio Motors can prove to 

ourselves and the world that 

America can design & 

manufacture world-class, lowcost vehicles

High Quality American Design & Manufacturing

18

German Engineering. Swiss Innovation. American Nothing. Smart.

Photographed by Arthur Williamson, one of our readers in Johannesburg, South Africa.

Cheap anti-Americanism? From a subsidiary of DaimlerChrysler, a company with a major American 

component?

 X
OTCQX:ELIO

Patriotic or Green – the Elio is Both

• The average gas mileage of the 

fleet is 17.5 MPG1

• With IAV-Elio engine, up to 84 

MPG EPA highway; 49 MPG EPA 

city

• We anticipate that the Elio 

will get 60+ MPG composite

• If an Elio is purchased, our 

dependence on foreign oil and 

harmful emissions can be 

reduced

19

1) Based on Highway Statistics 2014 published by the Federal Highway Administration 

2) Table reflects impact of replacing a vehicle getting 17.5 MPG with an Elio getting 64.75 MPG

Percent Reduction in TotalU.S. Fuel Consumption & Emissions2

Annual

Volume

Years in Production

1 2 3 4 5 6 7

125,000 0.03% 0.07% 0.10% 0.14% 0.17% 0.21% 0.24%

250,000 0.07% 0.14% 0.21% 0.28% 0.35% 0.42% 0.49%

500,000 0.14% 0.28% 0.42% 0.56% 0.70% 0.84% 0.98%
OTCQX:ELIO

Mobility for the Masses

20

1) Starting MSRP excludes destination/delivery charge, taxes, title, registration, and options/installation

Standard Equipment

A/C and heat, AM/FM stereo, power windows, 

power door lock, manual transmission, 

mechanically adjustable seats, fold-down rear 

seat, parking brake, cruise control

Add-on Options

Automatic transmission, personalized colors, 

power seats, leather seats, back-up camera, 

keyless entry, remote engine ignition, 

navigational aids, blind spot detecting mirrors

Ultra-Low Sticker Price

Targeted $6,8001 base price including ABS/ESC, 

A/C and power windows and lock

Lowered Costs of Vehicle Development

Many components, including chassis, powertrain 

and body, are either available off-the-shelf or can 

be modified from off-the-shelf items for use in 

production of the Elio

High Safety Standards

Three air bags, Anti-lock Brake System (ABS), 

electronic stability control, reinforced-steel full 

roll cage frame and side intrusion beams
OTCQX:ELIO

Financing

• Recent automotive product launches cost $750M-$1B 

• Tesla raised over $800 million in equity and debt prior to 

cash flow positive

• GM spent over $1B on the development and launch of the 

Chevy Volt

• Elio Motors has raised a total of $99.0M through May 

31, 2016. The Company estimates that it needs to 

raise additional capital of $272M to start production

• Motorcycle vs. passenger car substantially reduces 

engineering development cost

• B Round Debt was partly used to purchase equipment, 

originally $850M installed cost, at Shreveport 

manufacturing facility for $26M as a result of GM 

bankruptcy and slump in the automotive market

• We intend to raise the remaining capital primarily 

through customer reservations and/or additional 

equity and/or debt offerings

21

Source Net Funds Notes

Series A & B

Equity $20.4M Includes Convertible Notes

A & B Round Debt $37.8M Some debt has been 

paid down

Customer 

Reservations(1) $23.9M

Reg A+ $16.9M

Total Raised $99.0M

Capital Raised through May 31, 2016

(1) As of May 31, 2016; Total Reservations
OTCQX:ELIO

Stock Price (7/8/16) $19.58 Paid Reservation Growth

52 Week Low-High $13.01-$75.00

Avg. Vol. (30d) ~4,441

Shares Outstanding (mrq) 26.4M

Free Float (est.) 2.9M

Insider Holdings (est.) 89%

Institutional Holdings <1%

Market Cap $514M

Founded 2009

Reg. A+ Offering Closed Feb 2016

Fiscal Year End Dec 31

Cash Raised1 $99.0M

Net Loss (mrq) $9.1M

Total Assets (mrq) $35.4M

Total Debt (mrq) $38.1M

Total Liabilities (mrq) $77.7M

Reservations Received(2) $23.9M

Potential Orders 

Represented2 $343M

ELIO: Key Stats (OTCQX: ELIO)

$ millions

1) Capital raised through May 31, 2016

2) As of May 31, 2016

Stock Data Source: OTC Markets, Capital IQ, Company Estimates

(mrq) = most recent quarter at March 31, 2016

22

May 31, 2016

Paid reservations: 54,467 units 

Reservations received: $23.9M(2)

Potential orders represented: $343M(2)
OTCQX:ELIO

Contact Us

Investor Relations Contacts:

Tim Clemensen

480-351-5128

InvestorRelations@ElioMotors.com

Liolios Group

Ron Both

949-574-3860

ELIO@liolios.com

Media Contact:

Mike DeVilling

BERLINE for Elio Motors

248-875-4207

mdevilling@BERLINE.com

23

Elio Motors, Inc.

2942 N 24th St., Suite 114-700

Phoenix, AZ 85016
Appendix

24

OTCQX:ELIO
OTCQX:ELIO

Regulatory Considerations – Helmet Exemptions

25

Helmet Requirement Age Specific

No Helmet Required

Starting Point

HI Helmets Required <17

AK

<18

AL

AZ AR

<21

CA CO

NH

DE

FL

GA

ID

IL IN

IA

KS KY

LA

ME

<17

MD

MA

MI

MN

MS

MO

MT

<18

NV NE

CT

NJ

NM

NY

NC

ND

OH

OK

OR

PA RI 

<21

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

DC

Since the Elio is a motorcycle by NHTSA definition, state laws and regulations pertaining to the 

operation of a motorcycle and wearing a helmet apply

As of June 27, 2016

Note: Currently, 5 states have age specific helmet requirements. Legislation is in process in 4 of these states and the Company 

is actively working with the remaining, by seeking exemptions from the application of these requirements.

HI

<17

AK

<18

AL

AZ AR

<21

CA CO

NH

DE

FL

GA

ID

IL IN

IA

KS KY

LA

ME

<17

MD

MA

MI

MN

MS

MO

MT

<18

NV NE

CT

NJ

NM

NY

NC

ND

OH

OK

OR

PA RI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

DC
OTCQX:ELIO

Regulatory Considerations – Motorcycle License Requirement

26

HI

AK

AL

AZ AR

CA CO

NH

DE

FL

GA

ID

IL IN

IA

KS KY

LA

ME

MD

MA

MI

MN

MS

MO

MT

NV NE

CT

NJ

NM

NY

NC

ND

OH

OK

OR

PA RI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

Endorsement Needed

No Endorsement Needed

Elio Motors continues with its successful plan of obtaining exemptions 

from motorcycle licensing in the remaining 9 states

Starting Point As of June 28, 2016

Note: Elio Motors has identified sponsors and is in the process of gaining exemptions in 6 of the 9 remaining states that require a license.

HI

AK

AL

AZ AR

CA CO

NH

DE

FL

GA

ID

IL IN

IA

KS KY

LA

ME

MD

MA

MI

MN

MS

MO

MT

NV NE

CT

NJ

NM

NY

NC

ND

OH

OK

OR

PA RI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY
OTCQX:ELIO

Regulatory Considerations – Autocycle Definition

• 30 states with autocycle

definition and 8 states exempt by 

different name

• 4 states with no autocycle

definition – legislation in progress

• 8 states with autocycle definition 

in progress, of which:

• AR, HI, and ME are states with age 

specific helmet requirements

• AR, NY, ME, and WV are states 

where Elio Motors is in the process 

of gaining motorcycle license 

exceptions

27

HI

AK

AL

AZ AR

CA CO

NH

DE

FL

GA

ID

IL IN

IA

KS

KY

LA

ME

MD

MA

MI

MN

MS

MO

MT

NV NE

CT

NJ

NM

NY

NC

ND

OH

OK

OR

PA RI

SC

SD

TN

TX

UT

VT

VA

WA

WV

WI

WY

AutocycleDefinition 

AutocycleDefinition in Progress

Exempt by Different Name

No AutocycleDefinition

As of June 27, 2016

In general, “autocycle” means a motor vehicle, other than a tractor, that is: (1) designed to have when propelled not more than three wheels on 

the ground; (2) equipped with a steering wheel; (3) equipped with seating that does not require the operator to straddle or sit astride the seat
OTCQX:ELIO

Paul Elio James Holden Kenneth Way Stuart Lichter Hari Iyer David C. Schembri

Chairman & CEO Director Director Director Director Director

• 18+ years engineering 

& management in 

automotive

• CEO, ESG Engineering; 

Johnson Controls

• B.S. General Motors 

Institute

• 27+ years in 

automotive

• President & CEO, 

DaimlerChrysler 

Corporation [’99-’00]; 

Various current Board 

positions

• B.S., Western Michigan 

University; MBA, 

Michigan State 

University

• 37+ years in 

automotive

• Chairman [‘88-’02] & 

CEO [‘88-’00], Lear 

Corporation; Various 

current Board 

positions

• 37+ years in commercial 

and industrial real estate 

(>100 million sq. ft.)

• Founder & Chairman, 

Industrial Realty Group, 

LLC

• B.S., Hunter College; 

MBA, Pace University

• 25+ years product 

development, strategy & 

operations in 

automotive

• EVP, Envia Systems; VP, 

Engineering, Next 

Autoworks; COO, ESG 

Engineering; Johnson 

Controls

• MSME, Penn State; 

MBA, Stanford

• 30+ years in automotive 

marketing & operations

• Former President, Smart 

USA; EVP, Mitsubishi 

Motors America; Penske 

Group; Volkswagen

• B.S. , MBA, University of 

Detroit

Board of Directors

28
OTCQX:ELIO

Paul 

Elio

Connie 

Grennan

Tim 

Andrews

Gino 

Raffin

Jeffrey 

Johnston

Jerome 

Vassallo

Don 

Harris

Steve 

Semansky

Joel 

Sheltrown

Chairman & CEO CFO Senior VP, 

Marketing

VP, 

Manufacturing

VP, 

Engineering VP, Sales VP, Retail Operations VP, Supply Chain VP, GovernmentalAffairs

• 18+ years 

engineering & 

management in 

automotive

• CEO, ESG 

Engineering; 

Johnson 

Controls

• B.S. General 

Motors Institute

• 30+ years 

financial and 

operational 

experience

• CFO; Division of 

Lockheed 

Martin; OZMo 

Devices, ESG 

engineering, 

Anadigm 

• B.S. , Arizona 

State University

• 22+ years in 

marketing

• Managing 

Director, RR 

Partners; Owner, 

TLA Marketing; 

Prof. of Mktg, 

Grand Canyon 

University

• B.A., Arizona 

State University

• 48+ years 

experience in 

automotive

• Plant Manager, 

Chrysler

• Lawrence 

Institute of 

Technology

• 30+ years 

experience 

working for Top 

10 automakers 

and suppliers in 

the international 

automotive 

arena

• Held positions at 

GM, TRW 

Automotive,

Morton ASP (now 

Autoliv) and 

Takata 

Corporation

• B.S., Lawrence 

Technological 

University

• 25+ years 

experience in 

automotive

• Area Executive, 

National 

Distribution 

Manager, VW of 

America; 

Mitsubishi; 

Suzuki

• University of 

Michigan

• 34+ years in 

automotive 

auction 

operations

• President, 

CarBuyCo; COO, 

Adesa

• Florida State 

University –

College of 

Business

• 22+ years supply 

chain 

management in 

automotive

• Founder, J Marc 

Engineering & 

Sales

• B.S., Wayne State 

University

• Former 3-term 

State 

Representative, 

Michigan House 

of 

Representatives

• Western 

Michigan 

University

Senior Management Team

29