ELMS: Electric Last Mile Solutions

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General Information
Company Name
ELMS: Electric Last Mile Solutions
Founded Year
2020
Location (Offices)
Troy, United States +1
Founders / Decision Makers
Ron Feldeisen - Chief Revenue Officer Tom Dono - Chief Legal Officer and Corporate Secretary Jerry Hu - Chief Operating Officer Robert Song - Chief Financial Officer and Treasurer Praveen Cherian - Vice President of Engineering Georgette Borrego Dulworth - Chief Human Resources Officer
Number of Employees
27
Industries
Manufacturing, Sustainability, Automotive
Funding Stage
Post Ipo Equity
Social Media

ELMS: Electric Last Mile Solutions - Company Profile

ELMS: Electric Last Mile Solutions is a United States based startup founded in 2020, aimed at redefining the fleet transportation industry through its vertically-integrated approach to designing, manufacturing, and customizing electric last mile delivery vehicles. The company received its last investment of $155.00M in post-IPO equity at 28 June 2021 from BNP Paribas Asset Management and Jennison Associates. However, as of June 12, 2022, ELMS announced its plans to file for Chapter 7 bankruptcy protection. This unfortunate announcement marks a significant development in the company's journey. The blend of manufacturing and sustainability industries made ELMS an intriguing investment opportunity, yet the recent bankruptcy filing poses challenges for its future.

Taxonomy: Electric vehicles, Fleet transportation, Last mile delivery, Chapter 7 bankruptcy, Vertical integration, Commercial vehicles, Electric vehicle market, Customized solutions, Profitability, Clean energy, Connected vehicles, Business strategy, Industry disruption

Funding Rounds & Investors of ELMS: Electric Last Mile Solutions (1)

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Funding Stage Amount No. Investors Investors Date
Post-IPO Equity $155.00M 2
BNP Paribas Asset Management, investor in ELMS: Electric Last Mile Solutions's Post-IPO Equity round
Jennison Associates 		28 Jun 2021

Latest News of ELMS: Electric Last Mile Solutions

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No recent news or press coverage available for ELMS: Electric Last Mile Solutions.

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