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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.
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.
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.
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.
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.
Electric Last Mile Solutions (ELMS) confirmed the production start of the Urban Delivery, the U.S.'s first Class 1 commercial electric vehicle, by Q3 2021. The company completed a business merger raising approximately $294 million and acquired a manufacturing facility in Indiana with a 100,000-unit capacity. ELMS reported a net loss of $8.6 million for Q2 2021, with a cash balance of $217.4 million. The company aims to produce 1,000 vehicles in 2021 and is on track for a significant 2022 production target. Strategic partnerships have been established to enhance service capabilities.
Electric Last Mile Solutions (NASDAQ: ELMS, ELMSW) has announced its production schedule for the all-electric Urban Delivery van, set to begin at the end of Q3 2021. The company anticipates producing approximately 1,000 units this year despite challenges including COVID-19 and supply chain issues. ELMS is collaborating with key suppliers and converting pre-orders to commitments from significant customers like FedEx and Amazon Delivery Service Partners. The production will occur at their facility in Mishawaka, Indiana, marking a pivotal step in the Class 1 commercial EV sector.
Electric Last Mile Solutions (NASDAQ: ELMS, ELMSW) will release its Q2 2021 financial results on August 12, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results. The company focuses on providing clean commercial electric vehicles, with its first model, the Urban Delivery, expected to be the leading Class 1 commercial EV in the U.S. market. Interested parties can access the live webcast via the company's website.
Electric Last Mile Solutions (NASDAQ: ELMS, ELMSW) hosted an update for over 40 strategic suppliers and partners in Troy, Michigan, to discuss the upcoming launch of its all-electric Urban Delivery van, set to begin production by Q3 2021. The meeting, led by ELMS executives, focused on production logistics and readiness. The company is aiming for a first-mover advantage in the EV market, leveraging partnerships with major industry players. Production will take place in Mishawaka, Indiana, where hiring has commenced to support the new facility.
Electric Last Mile, Inc. (Nasdaq: ELMS) and Thermo King are collaborating to develop an all-electric refrigerated delivery vehicle, with a prototype expected to launch in 2021. This vehicle will integrate Thermo King's E-200 all-electric refrigeration unit into ELMS’ Urban Delivery EV, aiming to enhance sustainability in last-mile deliveries, especially for perishable goods. The prototype will be showcased at upcoming industry events, reflecting both companies’ commitment to sustainable transport solutions.
