- 16 March 2021
- Transport / Logistics Services
US commercial electric van startup Electric Last Mile (ELMS) has announced it has received more than 45,000 non-binding pre-orders for its Urban Delivery class 1 delivery vans.
In the announcement ELM also announced it is to begin production at a new factory in Mishawaka, Indiana at the end of the third quarter of this year. The Urban Delivery van will be the first class 1 commercial van officially available on the US market.
While ELMS firms up its orders and makes large numbers of them binding final agreement, ELMS is undergoing a merger with Forum Merger III where the resulting company, then named Electric Last Mile Solutions (ELMS) will take over the factory owned by Forum Merger III. ELMS will then be independently listed on the Nasdaq Capital Market.
“The interest we have seen for the Urban Delivery has been overwhelming as fleet managers continue to seek solutions that will reduce their total cost of ownership and help them to achieve aggressive sustainability targets,” said ELMS Co-Founder and CEO, James Taylor. “Our more than 45,000 pre-orders reflect the demand for fleet electrification and our value proposition of low-cost, reliable, connected and customised solutions. We’re excited by the anticipated first-to-market opportunities and thankful for the state of Indiana’s support as we look to begin production later this year.”
The ELMS Urban Delivery is set to have a total cost of ownership after Federal taxes similar to that of fossil fuel delivery vans. It will have a range of around 150 miles per charge and will have best-in-class cargo volume.