As Elio Motors continues to develop the E-Series vehicles, its supplier and engineering teams will put the vehicles through a battery of tests that will help refine and finalize the overall design prior to final production.

Elio Motors is planning to build 23 E-Series testing and validation vehicles to test for safety, aerodynamics and durability. Once the testing phase is concluded, the company will begin preparations for building 100 pre-production vehicles at its Shreveport, La., manufacturing facility.

The E-Series completion was funded in large part by the crowd-funded stock sale the company completed earlier this year. Elio Motors raised nearly $17 million utilizing Regulation A+, which allows private companies to raise funds from accredited and non-accredited investors alike. Elio Motors is the first, and still the only, company to conduct a Regulation A+ stock offering and then have its shares publicly traded. Elio Motors stock began trading on the OTCQX, the top tier exchange of the OTC Markets Group, on 24 Feb. 2016.

In addition to its successful Regulation A+ fundraising activity, the company has received more than 55,000 reservations.