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Benzinga
Benzinga
Business
Shivani Kumaresan

ELMS Bags Order From Glovis America For Urban Utility EV

  • Electric Last Mile Solutions Inc (NASDAQ:ELMS) has received an order for ELMS Urban delivery vehicles from the global supply chain and logistics provider, Glovis America Inc. Financial terms were not disclosed.
  • Glovis plans to use ELMS commercial vehicles to support its industrial operations and for materials movement and shuttling personnel on-campus.
  • ELMS Urban is a Class 3 medium-duty commercial electric vehicle that can be outfitted with a dry box, flatbed, stake bed, and other customizable cargo options depending on customer needs.
  • Price Action: ELMS shares closed higher by 2.85% at $6.49 on Tuesday.
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