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View Comments Troy-based Electric Last Mile Solutions on Monday became the latest electric-vehicle startup to go public via a tie-up with a special-purpose acquisition company. The company which is slated to launch a commercial electric van aimed at the growing market for last-mile deliveries   began trading on the Nasdaq Monday morning under the ticker symbol ELMS. Its Urban Delivery van, with a starting price of about $25,000 with a federal rebate, is slated to be the first commercial electric van of its size to launch in the U.S., potentially giving ELMS a leg up on would-be competitors.  ELMS opened at $11.10 per share and closed up nearly 13.5%.

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