Electric Last Mile Solutions, Inc.
Corporate brand
UnclaimedElectric Last Mile Solutions (ELMS) was a short-lived American electric commercial vehicle startup founded by China's Sokon Group, which produced the ELMS Delivery Van before filing for bankruptcy in 2022.
Last updated September 29, 2026
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Overview
Electric Last Mile Solutions, Inc. (ELMS) was an American electric commercial vehicle manufacturer headquartered in Troy, Michigan. It was established in August 2020 by the Chinese automotive group Sokon Group as a startup focused on developing electric delivery vehicles for the United States market. The company's name, Electric Last Mile Solutions, reflected its target segment: zero-emission vans for last-mile urban and suburban delivery fleets. ELMS went public on the NASDAQ stock exchange in the second half of 2021. In September 2021, it unveiled its first product, the ELMS Delivery Van, which was developed in cooperation with China's Wuling Motors and based on the Wuling EV50 model. The American version differed mainly in badging and manufacturing location. To produce the van, ELMS acquired a factory in Mishawaka, Indiana, from the American company AM General. The plant had originally been intended for SUV production for another Sokon Group brand, Seres, but after that plan was abandoned, it was repurposed for the ELMS Delivery Van. The company's market life was brief. In mid-June 2022, less than two years after its founding and about a year after its NASDAQ listing, ELMS declared bankruptcy. The decision was attributed to the failure to reach an optimal solution for shareholders, partners, and parts suppliers. The bankruptcy was preceded by workforce reductions and a 55% drop in the company's stock price. ELMS produced only one model, the Delivery Van, during its 2021–2022 existence. The company is now defunct.
History
Electric Last Mile Solutions, Inc. (ELMS) was founded in August 2020 by the Chinese automotive group Sokon Group. The startup was created to develop electric delivery vehicles specifically for the United States market, and it established its headquarters in Troy, Michigan. The company's full name, Electric Last Mile Solutions, Inc., signaled its focus on zero-emission commercial vans for last-mile logistics. In the second half of 2021, ELMS made its debut on the NASDAQ stock exchange. In September of that same year, the company presented its product plans and unveiled its first vehicle, the ELMS Delivery Van. The van was the result of cooperation with the Chinese company Wuling Motors and was based on the Wuling EV50 model. The American version was distinguished by different logos and a different manufacturing location. To manufacture the Delivery Van, ELMS acquired a factory in Mishawaka, Indiana, from the American company AM General. The plant had originally been intended for Sokon Group to produce SUVs for another brand, Seres, but after that plan was withdrawn, the facility was selected as the production site for the new ELMS van. The company's existence was short. In mid-June 2022, after less than two years of market activity and about a year after its NASDAQ listing, ELMS declared bankruptcy. The decision was justified by the failure to develop an optimal solution for shareholders, partners, and parts suppliers. The bankruptcy of the short-lived company was preceded by staff cuts and a 55% drop in its stock price. ELMS produced only one model, the Delivery Van, during its 2021–2022 run. The company is now defunct.
- 2022
ELMS declares bankruptcy after less than two years of operation, following staff cuts and a 55% stock price drop.
- 2021
ELMS debuts on the NASDAQ stock exchange in the second half of the year.
- 2021
ELMS unveils its first vehicle, the ELMS Delivery Van, based on the Wuling EV50 and produced in Mishawaka, Indiana.
- 2020
Sokon Group founds ELMS as an electric commercial vehicle startup headquartered in Troy, Michigan.
Products and positioning
Electric commercial vehicle startup targeting the U.S. last-mile delivery market
2021
ELMS Delivery Van
Electric delivery van developed with Wuling Motors, based on the Wuling EV50, produced in Mishawaka, Indiana.
Controversies
2022
Class action complaint filed against Electric Last Mile Solutions
The Klein Law Firm announced that a class action complaint had been filed on behalf of Electric Last Mile Solutions shareholders, alleging federal securities-law violations, unreliable financial statements, and other misleading disclosures. These are allegations in the complaint; the source reports no determination.
Recent events
Reported
Class action complaint filed against Electric Last Mile Solutions[3]
The Klein Law Firm announced that a class action complaint had been filed on behalf of Electric Last Mile Solutions shareholders, alleging federal securities-law violations, unreliable financial statements, and other misleading disclosures. These are allegations in the complaint; the source reports no determination.
Sources3 sources
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