Business
Former COO of Elio Motors Launches Car Subscription Service YoYo
Former COO of Elio Motors Launches Car Subscription Service YoYo.
About this update from Elio Motors Inc
[{"type":"text","content":"\n\n\n\nFormer COO of Elio Motors Launches Car Subscription Service YoYo\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFormer COO of Elio Motors Launches Car Subscription Service YoYo\nIyer to remain on Elio Motors' Board of Directors, and will serve as advisor on key projects\nPR Newswire\nPHOENIX, June 7, 2016\n\n\n\nPHOENIX, June 7, 2016 /PRNewswire/ -- Elio Motors, Inc. (OTCQX: ELIO), the start-up vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $6,800, today announced that Hari Iyer, Chief Operating Officer, will take the role of CEO with YoYo (http://joinyoyo.com), a pay-per-mile, on-demand car subscription service he helped found.\n\n\nIyer 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 Technology Vehicle Manufacturing (ATVM) loan program application.  His day-to-day role with Elio Motors ended May 31. \n\n\"Hari Iyer has been an important part of the vision and execution in the early stages of Elio Motors, and history will show that he helped change transportation in the United States,\" Elio said. \"He has provided leadership and automotive expertise and has put together a team of industry rock stars that will help us complete this quest. We wish Hari and YoYo continued success in the future.\"\n\nIyer worked with Paul Elio as a partner and co-founder at ESG Engineering in Phoenix. He was instrumental in the initial Elio vehicle design, and he has helped the company in its strategic operations and engineering.\n\n\"The opportunity to help create Elio Motors from the beginning has been a true honor. I am proud of our team's accomplishments and the progress we've made to date and will look on with pride when I see an Elio on the road,\" Iyer said. \"I truly believe that Paul's vision of mobility for the masses will change the world. My work at YoYo is continuing our shared mission to usher in a new era of affordable access to cars.\" \n\nYoYo's on-demand car subscription model with concierg...