Why Are Electric Last Mile Solutions Shares Hot Today?

by Anusuya Lahiri, Benzinga Editor
September 22, 2021 12:54 PM | 27 seconds read |
  • Pure-play commercial electric vehicle company Electric Last Mile Solutions Inc ELMS won a binding purchase order for 1,000 units of its Urban Delivery vehicle from its distribution partner, Randy Marion Automotive Group.
  • The start of production for the Urban Delivery took place on September 20.
  • Electric Last Mile Solutions aims to ship its first units from its production facility in Mishawaka, Indiana, on September 28.
  • Price Action: ELMS shares traded higher by 11.50% at $7.99 on the last check Wednesday.
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