Electric Last Mile Solutions Inc. filed Tuesday a voluntary petition for Chapter 7 bankruptcy, disclosing that it has more than $50 million in liabilities to dozens of creditors in metro Detroit and beyond.The EV delivery van startup's bankruptcy petition, filed in U.S. Bankruptcy Court for the…
Electric Last Mile Solutions Inc. filed Tuesday a voluntary petition for Ch. 7 bankruptcy, disclosing that it has more than $50 million in liabilities to dozens of creditors in metro Detroit and beyond.The EV delivery van startup's bankruptcy petition, filed in the U.S. Bankruptcy Court for the…
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.
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