Electric Last Mile Solutions (ELMS) has secured a binding purchase order for 1,000 units of its Urban Delivery Vehicle. The order is from Randy Marion Automotive. ELMS shares rose 10.34% to close at $7.9 on September 22. Electric Last Mile Solutions is a commercial electric vehicle solutions company that designs, manufactures, and sells last-mile delivery and utility vehicles. It is currently working on Urban Delivery, its first Class 1 commercial electric vehicle (EV). The pure-play electric vehicle company has already started production of the commercial electric vehicle, with deliveries scheduled to begin on September 28.
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