$28 million in deposits. 8 years. In 2013, Paul Elio shared the prototype for an ultra-cheap, gas-powered car that he claimed would revolutionize transportation. The car's promise would then ...

Troubled three-wheel car startup Elio Motors is getting a $2.5 million lifeline from online retailer Overstock.com to help it pay off debts and accounts payable and fund capital expenditures.

on-demand car subscription service he helped found. Iyer will remain on Elio Motors' Board of Directors and will remain a strategic advisor to founder and CEO Paul Elio, for the company's Advanced ...

But Elio leaned towards cars, after proving that he was also a good tennis player and an excellent skier. At the age of 14 he started competing in karting and shared the track with another boy who ...