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Elms, From the "Boom" of the Cheap Electric Van to Bankruptcy: 45,000 Made Reserves, 5 Recognized Sales and Bankruptcy - Hybrids and Electrics
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Electric Last Mile Solutions (ELMS) was born with a very concrete promise, that of electrifying the last mile with a compact van, of contained cost and designed for fleets. In the middle of the e-commerce wave, the company assured in March 2021 that it had exceeded the 45,000 reserves for its Urban Delivery model, and confirmed its intention to start production at the end of the third quarter of 2021 at its plant in Mishawaka (Indiana). In that …
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