electric last mile solutions
Mullen Automotive acquires bankrupt ELMS for $240 million
Mullen Automotive said Wednesday it has acquired Electric Last Mile Solutions, paving the way for the California-based startup to manufacture its first electric vehicle. The $240 million cash purchase
Mullen to bid for bankrupt Electric Last Mile Solutions
Mullen Automotive is the leading bidder on bankrupt commercial EV maker Electric Last Mile Solutions, its second major deal this month as it strives to deliver its own electric vehicle. The California
Polestar is launching an EV roadster in 2026 called the Polestar 6
Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r
Polestar on track to sell 50,000 EVs in 2022
Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,
Can Polestar succeed where other EV maker SPACs have failed?
Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.
Ferrari will produce its first-ever SUV later this year, and launch its first EV in 2025
Ferrari shared details on its plan to launch its first electric vehicle by 2025 as it aims to go carbon neutral by 2030. The battery-electric supercar will set the tone for Ferrari’s future EVs, CEO
Electric Last Mile Solutions to file for bankruptcy
Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solut
EV SPACs are facing a new regulatory speed bump
It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company. Now, the SEC’s broadest attempt to crackd
Why EV startups should’ve hit the brakes before merging with a SPAC
The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.
Co-founders of embattled EV SPAC exit after bumpy last mile
The co-founders of Electric Last Mile Solutions Inc. have resigned following an internal investigation that discovered the top executives purchased equity in the company at substantial discounts to ma