A Michigan-based company that plans to manufacture electric delivery vans in St. Joseph County began trading today on the Nasdaq Stock Market. Electric Last Mile Solutions Inc. (Nasdaq: ELMS) intends to produce the EVs in the former AM General plant in Mishawaka where civilian Humvees were built.
The company will produce last mile delivery vans starting this fall. ELMS says it is positioned to capitalize on the growing e-commerce market in North America.
“We are focused on execution to launch the Urban Delivery, which we anticipate will be a first-mover in the Class 1 commercial electric vehicle segment,” said Jim Taylor, co-Founder and chief executive officer of ELMS. “As a public company, we believe we now have all the pieces in place to launch the Urban Delivery later this year and are excited to help position America as the leader in EV manufacturing.”
ELMS recently completed its business combination with Forum Merger III Corp., which is a special purpose acquisition company.
In addition to the smaller delivery vans, which will have a range of about 150 miles, ELMS also announced plans to reveal a working prototype of second vehicle, an electric medium duty cab forward truck.