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Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) has announced the launch of the ELMS EV Campus Program, designed to assist universities in achieving their sustainability and ESG goals. This initiative will allow universities to pilot ELMS Urban Delivery commercial electric vehicles for free for up to four weeks, while also installing telematics devices in their existing fleets to analyze data for fleet optimization. With nearly 1,500 U.S. universities targeting sustainability, this program aims to facilitate the transition to electric vehicles, ultimately reducing carbon emissions and costs.
Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) will report its Q3 2021 financial results on November 10, 2021, after market close. A conference call at 5 p.m. ET will follow, where management will discuss earnings, the CATL battery agreement, and launch plans for the Class 3 Urban Utility vehicle. Key executives on the call will include CEO James Taylor and CFO Rob Song. The company aims to define a new era in commercial vehicles with its first Class 1 electric vehicle already in the U.S. market and anticipated production of its next vehicle scheduled for H2 2022.
Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) announced key new executive hires aimed at ramping up production of its all-electric Urban Delivery Class 1 vehicle. The new team includes experienced professionals from major industry players like Intel and General Motors, enhancing the company's strategic planning, supply chain, sales, parts and service, eDrive, and investor relations. These appointments come as the company prepares for the production of its second vehicle, the Class 3 Urban Utility EV, expected in late 2022, signaling a commitment to growth and innovation in electric commercial vehicles.
Electric Last Mile Solutions (ELMS) has announced its expansion into Canada, appointing David MacPhail as President to oversee operations. This move follows the company's establishment of regional hubs in Michigan, Indiana, California, and China. Canada's commitment to electric vehicles, including incentives up to C$8,000 and a goal for 100% zero-emission vehicle sales by 2035, presents a promising market for ELMS. The company anticipates strong demand amid Canada's e-commerce growth, which is expected to reach US$40.3 billion by 2025.
Electric Last Mile Solutions (NASDAQ: ELMS; ELMSW) has entered into a significant agreement with Contemporary Amperex Technology Co., Limited (CATL) to secure battery supply for its Class 1 Urban Delivery commercial electric vehicle, lasting through 2025. The partnership focuses on a 42-kWh lithium-ion battery featuring lithium-iron phosphate (LFP) chemistry, promising enhanced safety, reliability, and manufacturing cost savings through CATL's innovative cell-to-pack technology. Both companies are also exploring future localization of battery production in the U.S.
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.
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.
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.
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.
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.
