US EV Manufacturer Electric Last Mile Solutions Intends To File For Bankruptcy
Electric Last Mile Solutions Inc (ELMS), commercial electric vehicle manufacturer in United States on June 12 stated it intends to file for Chapter 7 bankruptcy after reviewing its products and commercialization plans. Securities and Exchange Commission was probing issues raised in previous filings of ELMS. Earlier, it laid off around 24% of its employees. In June 2021, the company became public after merging with blank-check provider Forum… read-more
Tags: Electric Vehicles, Electric Last Mile Solutions Inc, United States, BANKRUPTCY, Securities and Exchange Commission
Courtesy: DNA India