Electric Last Mile Solutions is under scrutiny for insider trading and failure to fulfill promises to investors.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
Rising container rates and the semiconductor shortage could hurt electric vehicle startups Arrival and ELMS, but not enough to dampen the outlook, according to the analysts at Cowen.
Research firm Cowen issued a positive report on electric vehicle maker Electric Last Mile Systems, citing its experience management and low capital need.
Electric vehicle manufacturer ELMS will debut a prototype of its Class 3 cargo van at the FedEx contractors event at the end of July.