- ELMS and Ample plan to introduce industry-first bundled offering of commercial electric vehicles and modular battery swapping technology
- Energy-as-a-Service (EaaS) and Mobility-as-a-Service (MaaS) options will give customers opportunity to choose energy solutions that optimize fleet efficiency
Fleets deploying ELMS EVs will be able to opt into an Energy-as-a-Service (EaaS) solution utilizing Ample’s innovative battery swapping technology. Adopting the EaaS solution would lower the initial vehicle cost and allow customers to pay only for the energy they consume.
ELMS and Ample also announced plans to explore a full Mobility-as-a-Service bundle that would allow customers to forgo vehicle ownership entirely and pay for usage by the mile. Such an offering would include comprehensive services, insurance and energy to allow commercial fleets to minimize unplanned downtime and leverage differentiated economic models that drive their top-line revenue growth.
ELMS and Ample plan to offer customer test drives and battery swapping demonstrations in
“By pairing Ample’s and ELMS’ market-leading solutions, customers will now have a choice between full Mobility-as-a-Service or Energy-as-a-Service offerings that allow them to own or operate their vehicle at a significant discount,” said
“Ample is thrilled to help catalyze electrification in the commercial fleet industry with ELMS,” said
About
About Ample
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Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance of the business, the size, demands and growth potential of the markets for the Company’s products and the Company’s ability to serve those markets, the Company’s ability to develop innovative products and compete with other companies engaged in the commercial delivery vehicle industry and/or the electric vehicle industry, the Company’s ability to attract and retain customers, the estimated go to market timing and cost for the Company’s products, and the implied valuation of the Company. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the Company to grow and manage growth profitably and retain its key employees; (2) changes in applicable laws or regulations; (3) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (4) the impact of COVID-19 on the Company’s business; (5) any delays the Company may experience in realizing its projected timelines and cost and volume targets for the production, launch and ramp up of production of the Company’s vehicles and the modification of its manufacturing facility; (6) the ability of the Company to obtain customers, obtain product orders, and convert its non-binding pre-orders into binding orders or sales; (7) the Company’s ability to implement its business plans and strategies; and (8) other risks and uncertainties described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended
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Investor Relations: IR@electriclastmile.com
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