Electric Last Mile rises on binding purchase order for commercial EV

Electric Last Mile Solutions

22/09/2021 12:39

** Commercial electric-vehicle co  ELMS.O  rises ~6.3% to
$7.61 in premarket trade
    ** Co receives a binding purchase order for 1,000 units of
its Urban Delivery vehicle  urn:newsml:reuters.com:*:nGNX4X48x8
    ** Order came from its strategic distribution partner Randy
Marion Automotive Group
    ** Production for Urban Delivery started on Sept. 20, ELMS
said
    ** Co plans to ship first units on Sept. 28 from production
facility in Mishawaka, Indiana
    ** ELMS went public through a SPAC merger in June
 urn:newsml:reuters.com:*:nL2N2OA20S

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))