SEC qualifies unprecedented $25M crowdfunding offering by Elio Motors

This year has marked many important landmarks in the crowdfunding space, particularly for the role of non-accredited investors.

Now, accredited and non-accredited investors alike can purchase a little piece of history with a recent announcement that marks the largest crowdfunding equity offering to date.

StartEngine, a leading crowdfunding platform, recently announced a $25 million offering to be hosted on their site by Elio Motors. Investors in the U.S. may now purchase equity shares in the company, which makes low-cost, environmentally friend three-wheeled automobiles.

Elio Motors is among the first batch of companies to receive SEC qualification under Regulation A+ rules. Through the June launch of Regulation A+ and last month’s Title III announcement, non-accredited investors, or those with a net worth less than $1 million and who earn less than $200,000 annually, may now participate in crowdfunding opportunities to a maximum amount based on their income.