Electric Last Mile Solutions, Inc.: insider trades · United States · SEC (Form 4)

About Electric Last Mile Solutions, Inc.

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)) In competitive terms, ELMS faced a crowded landscape that included legacy automakers, established commercial-vehicle suppliers, and a wave of EV startups targeting the same fleet and delivery-use cases. Its differentiator was specialization: a product and messaging strategy built around the operational needs of last-mile logistics customers. However, the company’s execution was ultimately undermined by governance issues, funding pressure, and industrial credibility challenges. In June 2022, ELMS announced plans to file for Chapter 7 bankruptcy, indicating liquidation of the business after reviewing product plans, production assumptions, and certification feasibility. ([cnbc.com](https://www.cnbc.com/2022/06/13/ev-start-up-electric-last-mile-solutions-to-declare-bankruptcy.html?utm_source=openai)) For French-speaking investors, ELMS is now best viewed as a discontinued NASDAQ EV story rather than an active operating growth company. Its relevance today is mainly historical and forensic: it remains a useful example of the risks associated with SPAC-era EV listings, especially in capital-intensive markets where manufacturing execution, certification, governance, and access to financing are decisive. It is also a name that may still appear in SEC filing databases and insider-transaction histories, but the company itself no longer represents a live operating equity story. ([secform4.com](https://www.secform4.com/insider-trading/1784168.htm?utm_source=openai))