University of Notre Dame Begins Pilot of ELMS All-Electric Urban Delivery to Advance Sustainability Goals
July 20 2021 - 7:00AM
Electric Last Mile Solutions, Inc. (“ELMS” or “the Company”) today
announced that the University of Notre Dame (“Notre Dame”) has
begun a pilot of the ELMS all-electric Urban Delivery for use on
the university’s campus. The testing program will assess how Notre
Dame can advance both efficiency and sustainability within its
operations by using purpose-built electric vehicles.
“Partnering with ELMS on this pilot program
represents a terrific opportunity to explore how Notre Dame can
accelerate its sustainability goals while driving operational
efficiency and supporting local manufacturing,” said Carol
Mullaney, Notre Dame’s Senior Director of Sustainability and
Logistics. “We look forward to working with ELMS and setting an
example for how higher education can move the needle on
sustainability through fleet electrification.”
“We’re thrilled to be partnering with Notre
Dame, one of the country’s leading research universities, to pilot
our Urban Delivery in what we believe is a considerable yet
underserved vertical in the commercial vehicle market,” said ELMS
Co-Founder and CEO James Taylor. “With our intended manufacturing
operations just down the road, we are excited to work with local
partners like Notre Dame to put St. Joseph County on the map as a
national hub for American-made, sustainable EVs.”
As part of the pilot program, the ELMS Urban
Delivery will be put through the university campus fleet’s various
duty cycles. The program will also incorporate the use of advanced
vehicle data analytics and telematics, a first for the university’s
fleet. Notre Dame and ELMS will work together to gather in-field
performance data throughout the pilot.
Production of the Urban Delivery is expected to
begin later this year at ELMS’ intended manufacturing and assembly
plant in Mishawaka, Indiana. The Urban Delivery is expected to be
the first electric Class 1 commercial vehicle available in the U.S.
and is anticipated to have a range of 150 miles.
About Electric Last Mile,
Inc.ELMS is focused on redefining the last mile with
efficient, connected and customizable solutions. ELMS’ first
vehicle, the Urban Delivery, is anticipated to be the first class 1
electric vehicle in the U.S. market. The company is headquartered
in Troy, Michigan. For more information, please visit
www.electriclastmile.com or Twitter @ELMSolutions.
ContactsMedia: elms-svc@sardverb.com Investor
Relations: IR@electriclastmile.com
Forward-Looking StatementsThis
press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The Company’s actual results may
differ from its expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company’s expectations with respect to future performance of the
business, the size, demands and growth potential of the markets for
the Company’s products and the Company’s ability to serve those
markets, the Company’s ability to develop innovative products and
compete with other companies engaged in the commercial delivery
vehicle industry and/or the electric vehicle industry, the
Company’s ability to attract and retain customers, the estimated go
to market timing and cost for the Company’s products, and the
implied valuation of the Company. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results. Most
of these factors are outside the Company’s control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the inability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things, competition and the ability of the
Company to grow and manage growth profitably and retain its key
employees; (2) changes in applicable laws or regulations; (3) the
possibility that the Company may be adversely affected by other
economic, business, and/or competitive factors; (4) the impact of
COVID-19 on the Company’s business; (5) any delays the Company may
experience in realizing its projected timelines and cost and volume
targets for the production, launch and ramp up of production of the
Company’s vehicles and the modification of its manufacturing
facility; (6) the ability of the Company to obtain customers,
obtain product orders, and convert its non-binding pre-orders into
binding orders or sales; (7) the Company’s ability to implement its
business plans and strategies; and (8) other risks and
uncertainties indicated from time to time in the proxy statement
filed by Forum relating to the business combination, including
those under the “Risk Factors” section therein, and in Forum’s
other filings and the Company’s future filings with the Securities
and Exchange Commission. Some of these risks and uncertainties may
in the future be amplified by the COVID-19 outbreak and there may
be additional risks that the Company considers immaterial or which
are unknown. The Company cautions that the foregoing list of
factors is not exclusive. The Company cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. The Company does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in their expectations or any change in events, conditions or
circumstances on which any such statement is based.
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