Tuesday, December 13, 2022 9:13:28 AM
-Randy Marion Automotive Group (RMA), one of the largest commercial fleet dealers in the nation, selected as ELMS’ first Strategic Distribution Partner for the Urban Delivery
-RMA is expected to order 6,000 Urban Delivery EVs subject to the finalization of the commercial relationship
-ELMS also partnering with RMA for testing with existing and potential RMA customers
-The ELMS Urban Delivery is anticipated to be the first Class 1 commercial EV available in the U.S. market and is expected to offer fleets a lower total cost of ownership versus competing gas vehicles
May 19, 2021 08:00 AM Eastern Daylight Time
TROY, Mich.--(BUSINESS WIRE)--Electric Last Mile, Inc. (“ELMS” or “the Company”) today announced a new collaboration with Randy Marion Automotive Group’s commercial division (“RMA”) that selects RMA as the Company’s first Strategic Distribution Partner to help execute the launch of the Urban Delivery. By partnering with RMA, ELMS believes it can bring the anticipated first Class 1 commercial EV available in the U.S. market to fleet customers of all sizes and geographies across the country.
The agreement between ELMS and RMA, one of the nation’s largest commercial dealerships, also proposes to cover an order of 6,000 Urban Delivery vehicles subject to the finalization of the commercial relationship. This would represent a significant portion of ELMS’ initial launch volume through the first half of 2022 for RMA’s commercial fleet customers.
“Our fleet customers are seeking solutions that both address their sustainability goals and also drive their bottom line,” said Randy Marion, founder and CEO of RMA. “After presenting the Urban Delivery, the demand from our customers across the country has been overwhelming, and by working with ELMS, we expect we can deliver them the first Class 1 commercial EV in the U.S. market.”
“We are thrilled to have the opportunity to work with Randy Marion Automotive Group, one of the largest and most prominent commercial dealers in the country, to combine our anticipated first-to-market Class 1 commercial EV with an established commercial fleet customer network,” said James Taylor, co-founder and CEO of ELMS. “This is really a new and bold approach by Randy Marion to jump the curve on fleet electrification, and a strong validation of our differentiated business model and expected first mover advantage in the Class 1 commercial EV space.”
ELMS further announced that it is working with RMA and several of their long-term fleet customers and others across several industry verticals to initiate trials of the Urban Delivery vehicle. Customers that are scheduled to participate in testing include a California FedEx Delivery Service Provider, a regional plumbing services company, an east coast-based HVAC systems provider, a major university and a southeast produce distributor. ELMS plans to provide more details on customer testing in the near future.
With the Urban Delivery, ELMS is working to deliver fleets the most reliable and efficient last mile solutions, combining integrated deep data analytics, customization and sustainable engineering.
The ELMS Urban Delivery is anticipated to have approximately 150 miles of range and provide 170 cubic feet of cargo space, which is estimated to be approximately 34% more than the current leading gas model in the Class 1 commercial vehicle segment. The Urban Delivery is also expected to be offered at a net price of $25,000 based upon the presently available U.S. federal tax credit of $7,500, giving it a lower expected total cost of ownership compared to existing gas competitors. ELMS also expects to equip the Urban Delivery with a data and connectivity suite to maximize fleet efficiency and plans to customize vehicles through its integrated upfitting operations and partnerships.
In December 2020, ELMS announced its intention to merge with Forum Merger III Corporation (Nasdaq: FIII). Upon closing of the merger transaction, the combined company will be named Electric Last Mile Solutions, Inc. and the common stock of Electric Last Mile Solutions, Inc. is expected to be listed on the Nasdaq Capital Market under the new ticker symbol, “ELMS.” The merger is expected to close in the second quarter.
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.
Recent MULN News
- Bollinger Motors Announces Sale of 50 Bollinger B4 Chassis Cabs to EnviroCharge • PR Newswire (US) • 05/22/2024 01:15:00 PM
- Mullen Announces Bollinger Motors Sale of 50 Bollinger B4 Chassis Cab EV Trucks to EnviroCharge • GlobeNewswire Inc. • 05/22/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:34:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:31:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:31:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:29:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:29:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:28:40 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 05/20/2024 09:19:23 PM
- Mullen Continues Commercial EV Dealer Expansion in Midwest with Ziegler Truck Group and Pacific Northwest with Range Truck Group • GlobeNewswire Inc. • 05/15/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:39:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 06:57:19 PM
- Mullen Reports Q2 2024 Fiscal Quarter Results • GlobeNewswire Inc. • 05/14/2024 06:00:00 PM
- Mullen Announces $150 Million Financing Commitment • GlobeNewswire Inc. • 05/14/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 04:00:17 PM
- U.S. Department of Commerce Approves Mullen’s Tunica, Miss., Facility as Foreign Trade Zone • GlobeNewswire Inc. • 05/09/2024 01:00:00 PM
- Bollinger Motors Taps Amerit Fleet Solutions for Mobile Service & Warranty for the Company's B4 All-Electric Class 4 Commercial Truck • PR Newswire (US) • 05/07/2024 01:30:00 PM
- Mullen Announces Bollinger Motors Taps Amerit Fleet Solutions for Mobile Service and Warranty for the Company’s B4 All-Electric Class 4 Commercial Truck • GlobeNewswire Inc. • 05/07/2024 01:00:00 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 05/06/2024 02:08:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 02:00:49 PM
- Mullen Signs Agreement with California Based and HVIP Approved, National Auto Fleet Group • GlobeNewswire Inc. • 05/06/2024 01:15:00 PM
- Mullen Announces Adoption of Limited Duration Stockholder Rights Plan • GlobeNewswire Inc. • 05/06/2024 01:00:00 PM
- Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas • GlobeNewswire Inc. • 05/02/2024 01:00:00 PM
- Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network • GlobeNewswire Inc. • 05/01/2024 01:00:00 PM
- California Issues HVIP Approval, Granting Mullen’s Class 3 EV Trucks a $45,000 Cash Voucher Per Vehicle Sold • GlobeNewswire Inc. • 04/29/2024 01:00:00 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM