Electric Last Mile is the latest speculative EV company to go public


Shares of Electric Last Mile Solutions popped on their trading debut Monday on the Nasdaq, adding to a growing list of speculative electric vehicle start-up companies to go public through deals with special purpose acquisition companies.

The Michigan-based company plans to begin production of a small electric commercial van at a factory in Indiana this fall, according to ELMS CEO James Taylor. The plant last produced gas-guzzling Hummer SUVs in the mid-2000s.

Shares of the company – ticker symbol “ELMS” – opened Monday at $11.10 a share after previously closing of $10.19. Its shares jumped by as much as 9.8% before losing most of those gains. It was trading up by less than 1% at about…


0 0 votes
Article Rating

Aramco sees major hydrogen market forming amid pressure for Big Oil

Previous article

Two and twenty is long dead. Hedge fund fees fall further below onetime industry standard

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos