The filing will make Electric Last Mile the first of the EV startups that merged with special purpose acquisition companies to go out of business amid the recent market slump.
Electric-vehicle maker Electric Last Mile Solutions plans to liquidate through a Chapter 7 bankruptcy process, a decision that comes almost one year after the electric-vehicle startup went public.
A top Oversight Republican has pushed a series of conflict-of-interest probes into the Biden administration over its ties to the renewable energy industry.