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.
As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the Troy-based company's rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers.ELMS excited investors with its concept of electric last-mile delivery…
ELMS Stock Plunges 5% in Pre-Market as EV Maker Files for Bankruptcy coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.