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home / news releases / ELMS - Electric Last Mile: On Track For Production And Targets

ELMS - Electric Last Mile: On Track For Production And Targets

Electric Last Mile Solutions Inc Cl A
  • ELMS is on track to start with production this month for its class 1 vehicle, aiming for 1,000 units this year.
  • The class 3 vehicle is expected to start production in 2H 2022.
  • ELMS is expecting to have a near first-mover advantage at scale in its respective classes.
  • Revenues of $600-650 million for FY22 at around 19,000 deliveries put ELMS at an attractive 1.3x EV/revenue multiple.

For further details see:

Electric Last Mile: On Track For Production And Targets
Stock Information
Company Name: Electric Last Mile Solutions Inc Cl A
Stock Symbol: ELMS
Market: NASDAQ
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