Your Mark On The World
#274: Elio Motors 'Tests The Waters' And Finds $27 Million
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:23:31
- More information
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Synopsis
August 6, 2015 - Read the full Forbes article and watch the interview here: http://onforb.es/1MbEUIU. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Elio Motors seems to have found the capital it needs to launch the most revolutionary car since the Tesla Model S was introduced. The $6,800, three-wheeled car is designed principally for commuting and will get 84 an estimated miles per gallon. Capitalizing the venture has seemed tricky, but new rules promulgated by the Securities and Exchange Commission governing Regulation A offerings created an interesting “test the waters” option that allows an issuer to gauge market interest in an offering demonstrated plenty of interest. Over $27 million of interest was expressed. Regulation A+ as the new rules are being called, gives ordinary rather than “accredited” or wealthy investors the opportunity to invest in early stage companies. The bulk of the investment interest i