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ELMS - ELMS STOCK NEWS

Welcome to our dedicated page for ELMS news (Ticker: ELMS), a resource for investors and traders seeking the latest updates and insights on ELMS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ELMS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ELMS's position in the market.

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Electric Last Mile Solutions (ELMS) has launched a new Urban Mobility Lab in San Francisco focusing on electric vehicle fleet solutions. The Lab aims to enhance in-vehicle technology and data applications to boost vehicle productivity and reduce ownership costs. With a strategic location in the Bay Area, ELMS intends to leverage local talent to scale its capabilities for commercial customers. This expansion adds to existing facilities in Michigan, Indiana, and China, supporting the company’s goal to redefine last-mile delivery through clean, zero-emission vehicles.

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Electric Last Mile Solutions (ELMS) and Ample have announced a groundbreaking partnership to offer a bundled service pairing ELMS’ Urban Delivery Class 1 commercial EV with Ample’s modular battery swapping technology. This innovative approach allows customers to choose Energy-as-a-Service (EaaS) options, lowering initial costs and only paying for energy consumed. Additionally, a full Mobility-as-a-Service (MaaS) option will be explored, shifting fleet ownership models. Test drives in San Francisco are planned for Q4 2021, with a full rollout expected by Q2 2022.

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ELMS has signed a significant agreement with Cox Automotive to establish a service ecosystem for its commercial EV customers. This collaboration enhances customer support by providing access to over 6,000 service centers, 3,000 partner locations, and 800 mobile technicians nationwide. ELMS customers will benefit from comprehensive service solutions, including preventative maintenance, vehicle repairs, and battery servicing, aimed at maximizing vehicle uptime and cost efficiency. ELMS' Urban Delivery EV is the first Class 1 commercial EV available in the U.S.

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Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) announced the shipment of its first Urban Delivery EVs from its Mishawaka, Indiana facility, marking it as the first commercial Class 1 EV in the U.S. market. The initial shipment is part of a larger order of 1,000 units to Randy Marion Automotive Group. This milestone solidifies ELMS's first-mover advantage in the commercial EV segment, with plans to ramp up production for growing customer demand. The company aims to redefine last-mile delivery with its sustainable and efficient EV offerings.

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Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) announced two key executive appointments aimed at enhancing its operational capacity. Rob Song takes on the role of Deputy Chief Financial Officer, bringing nearly 20 years of experience in public company finance and capital markets. Ron Feldeisen joins as Chief Revenue Officer, contributing 30 years of senior executive experience in B2B sales. These leadership changes are positioned to support the ramp-up of production for the ELMS Urban Delivery, anticipated as the first Class 1 commercial electric vehicle in the U.S.

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Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) has received a binding purchase order for 1,000 units of its Urban Delivery vehicle from Randy Marion Automotive Group. Production commenced on September 20, with initial shipments planned for September 28. The Urban Delivery is set to be the first commercial Class 1 electric vehicle in the U.S. market. CEO James Taylor emphasized the company’s commitment to meeting customer needs in the growing demand for electric vehicles for commercial last-mile delivery.

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Electric Last Mile Solutions (NASDAQ: ELMS, ELMSW) has opened its Asia Pacific Operations Center (APOC) in Shanghai, enhancing its global footprint. This center will focus on supply chain management, engineering, and quality control, aiming for over 100 employees by year-end. Production of the Urban Delivery Class 1 EV is set to begin in Mishawaka, Indiana, later this month. CEO James Taylor emphasized that APOC will improve supplier engagement and speed to market, supporting the company’s aggressive growth strategy.

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Electric Last Mile Solutions (Nasdaq: ELMS; ELMSW) has announced its participation in three investor conferences prior to the commencement of production later this month. The conferences include:

  • Cowen 14th Annual Global Transportation & Sustainable Mobility Conference (September 8-9, 2021)
  • Colliers 2021 Institutional Investor Conference Virtual (September 9, 2021)
  • D.A. Davidson Diversified Industrials & Services Conference (September 22-23, 2021)

ELMS aims to redefine productivity in last-mile deliveries with its first vehicle, the Urban Delivery, anticipated to be the first Class 1 commercial electric vehicle in the U.S.

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Electric Last Mile Solutions (Nasdaq: ELMS, ELMSW) announced the successful completion of structural confirmation impact testing for its Urban Delivery vehicle, projected to be the first commercial Class 1 electric vehicle in the U.S. Testing was conducted at the NHTSA-validated Calspan facility, confirming compliance with federal safety standards.

The company plans to launch models of the Urban Delivery electric vehicle in late Q3, with production occurring in Mishawaka, Indiana. CEO James Taylor highlighted the milestone as a key step towards regulatory approvals and market entry.

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Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) announces the unveiling of its all-electric Urban Utility vehicle at the NAFA Institute and Expo in Pittsburgh. The vehicle aims to enhance last-mile delivery with its customization and connectivity features, marking a significant step in expanding ELMS's electric vehicle portfolio. Production is set to start in 2022, alongside the Urban Delivery vehicle, which is expected to begin production this quarter at the Mishawaka facility. CEO James Taylor highlights the importance of this launch for fleet sustainability.

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FAQ

What is the market cap of ELMS (ELMS)?

The market cap of ELMS (ELMS) is approximately 23.4M.

ELMS

Nasdaq:ELMS

ELMS Rankings

ELMS Stock Data

23.37M
45.20M
54.19%
15.68%
4.28%
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