In March, the Securities and Exchange Commission (SEC) finalized rules under Title IV of the 2012 JumpStart Our Business Start-up (JOBS) Act, paving the way for private companies to raise up to $50 million from non-accredited investors. This new ruling is known as “Regulation A+.”

Individuals interested in learning more about the Elio Motors investment opportunity can go to StartEngine.com, the crowd-funding website launched today by business incubator Start Engine. Elio Motors is one of seven companies utilizing StartEngine.com.

More than 43,000 people have reserved a place in line to purchase the Elio when it enters production. Elio Motors expects to sell the anticipated 84 mpg vehicle for $6,800.

The Regulation A+ crowd-funding initiative is one of several funding strategies used by Elio Motors. In March, the company used the Regulation D Rule 506(c) provision to pursue accredited investors (people with $1 million in assets excluding their primary residence or with an income for the past two years of at least $200,000 for an individual and $300,000 for a married couple). Initial funds from that effort were used to finance the build of Elio Motors next generation prototype, the P5.