Mullen takes over Electric Last Mile Solutions
After acquiring a majority stake in Bollinger Motors, the US electric car start-up Mullen has now also completed the takeover of the electric utility vehicle provider Electric Last Mile Solutions (ELMS). The takeover was not favourable, however, but should significantly accelerate production plans.
US start-up ELMS heading towards its end
US start-up Electric Last Mile Solutions (ELMS), which specialises in commercial electric utility vehicles, has filed for bankruptcy. The bankruptcy filing comes about a year after the company went public and follows the resignation of its founders James Taylor and Jason Luo and an investigation by the US Securities and Exchange Commission (SEC).
CATL to supply batteries for ELMS
The US start-up Electric Last Mile Solutions, which specialises in commercial electric utility vehicles, has signed a battery supply contract with CATL. In the future, CATL could also manufacture these cells locally in the US.