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EV start-up Electric Last Mile Solutions to declare bankruptcy

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The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the U.S. market and will be produced at the Company’s facility in Mishawaka, Indiana.

Electric Last Mile Solutions

EV start-up Electric Last Mile Solutions said late Sunday it plans to file for bankruptcy less than a year after it went public via a merger with a special purpose acquisition company.

The Michigan-based maker of electric commercial vans said in a release that interim CEO Shauna McIntyre and its board of directors decided on Sunday to file for Chapter 7 bankruptcy protection, which will allow it to liquidate its assets, after a…



Source cnbc.com

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