Electric Last Mile Solutions, Inc. Stock: price and insider trades · United States

Electric Last Mile Solutions, Inc. (ticker: ELMS) was a U.S.-based commercial electric vehicle company that traded on the NASDAQ in the United States (United States) before entering bankruptcy and liquidation. From an equity-research perspective, ELMS belonged to the transport and logistics theme, with a narrow focus on electric last-mile delivery vehicles, urban utility vehicles, and other fleet-oriented commercial EV applications. The company described itself as a pure-play commercial EV solutions business, aiming to design, engineer, manufacture, and customize vehicles for professional users operating in city logistics, delivery, and utility services. Its first announced product was the Urban Delivery, a Class 1 electric commercial vehicle, and the company also discussed on-road and urban utility variants as part of its product roadmap. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1784168/000162828021022986/elm-20210930.htm?utm_source=openai))

Historically, ELMS emerged through a SPAC transaction and was previously Forum Merger III Corporation before adopting the Electric Last Mile Solutions identity. The company was headquartered in Troy, Michigan, in the United States, placing it within a traditional automotive and manufacturing corridor. Its strategic pitch centered on the last-mile segment, a market supported by e-commerce growth, fleet electrification, and the need for cleaner, more efficient urban delivery operations. In theory, this gave ELMS exposure to a structurally attractive niche where commercial users look for lower operating costs, predictable duty cycles, and EV platforms optimized for short-range, repetitive routes rather than long-haul freight. ([cbinsights.com](https://www.cbinsights.com/company/electric-last-mile-solutions?utm_source=openai))