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ELMS: Electric Last Mile Solutions logo — company profile

ELMS: Electric Last Mile Solutions

Founded 2020 United States Troy, United States 27 employees Post-IPO Equity Total: $155.00M Manufacturing, Sustainability +1

General Information

Company Name ELMS: Electric Last Mile Solutions
Founded Year 2020
Location United States Troy, United States
Founders / Decision Makers
Team member
Employees 27
Industries Manufacturing, Sustainability, Automotive
Funding Stage Post-IPO Equity
Social

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About ELMS: Electric Last Mile Solutions

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 (1)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Equity $155.00M 2
BNP Paribas Asset Management
BNP Paribas Asset Management, Jennison Associates
28 Jun 2021

ELMS: Electric Last Mile Solutions Alternatives & Competitors

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ELMS: Electric Last Mile Solutions vs
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FAQ About ELMS: Electric Last Mile Solutions

ELMS aimed to redefine the fleet transportation industry with its vertically-integrated approach to designing, manufacturing and customizing electric last mile delivery vehicles. As of June 12, 2022, ELMS announced it planned to file for Chapter 7 bankruptcy protection.
ELMS: Electric Last Mile Solutions was founded in 2020.
ELMS: Electric Last Mile Solutions is headquartered in Troy, United States.
ELMS: Electric Last Mile Solutions operates in Manufacturing, Sustainability and Automotive. Its work centres on Electric vehicles, Fleet transportation, Last mile delivery and Chapter 7 bankruptcy.
ELMS: Electric Last Mile Solutions has approximately 27 employees.
ELMS: Electric Last Mile Solutions has completed 1 funding round, raising a total of $155.00M. The latest funding stage is Post-IPO Equity.
Top alternatives and competitors to ELMS: Electric Last Mile Solutions include Bako Motors SAS, Tesla, HV Systems, Mullen Automotive, EVREX TECH PVT LTD. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ELMS: Electric Last Mile Solutions and Bako Motors SAS are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for ELMS: Electric Last Mile Solutions, https://bouncewatch.com/company/elms-electric-last-mile-solutions, updated 28 November 2024. When citing, please name BounceWatch and link this page.

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