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).
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The Swedish electric car start-up Uniti has filed for insolvency. The company announced on LinkedIn that it had not been able to raise enough capital. The move does not come as a surprise.
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The Aachen-based electric car manufacturer e.GO Mobile has filed an application for a protective shielding procedure with Aachen Local Court – a special form of insolvency in self-administration. The Chinese investor planning to join the German startup apparently could not participate as intended due to the effects of the Covid-19 pandemic.
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