NASDAQ: ELMS Archives - Maritime Shipping News

ELMS passes first test, delivers first EV cargo van ahead of schedule

29 September 2021

The first step in the mission to launch a Class 1 electric delivery van has been reached with Electric Last Mile Solutions announcing on Wednesday that it has delivered the first Urban Delivery van from its Indiana assembly facility.

The vehicle was handed over to Randy Marion Automotive Group, a large nationwide commercial dealership group. Just last week, the dealer announced an order for 1,000 of the EVs.

“There is no doubt that the commercial last-mile delivery market is demanding electric...

https://www.freightwaves.com/news/elms-passes-first-test-delivers-first-ev-cargo-van-ahead-of-schedule

Surging container rates, semiconductor shortage only blips on radar for Arrival, ELMS

16 August 2021

Two electric van startups are facing different challenges in the months ahead, but at least one analyst remains supportive of both firms’ long-term potential.

Electric Last Mile Systems (ELMS) will be first out of the gate with its Class 1 electric van, but shipping costs could alter the pricing dynamics for customers, according to research firm Cowen. Conversely, Arrival (NASDAQ: ARVL) will take longer to bring its vehicles to market, but as a result should avoid the peak of the global...

https://www.freightwaves.com/news/surging-container-rates-semiconductor-shortage-only-blips-on-radar-for-arrival-elms

Cowen expects Electric Last Mile Systems to charge ahead

9 July 2021

Cowen issues positive report on electric vehicle maker ELMS

In an increasingly competitive space, Cowen Equity Research has initiated coverage of Electric Last Mile Systems (ELMS) with an outperform rating, setting a per-share price target of $14.

ELMS (NASDAQ: ELMS) closed Thursday at $9.15, down 6% from the open.

The research firm said it was “impressed by the company’s experienced management team and capital-light go-to-market business model that focuses on keeping its approach to manufacturing simple” and a low capital expenditure need to bring Class...

https://www.freightwaves.com/news/cowen-expects-electric-last-mile-systems-to-charge-ahead