ELECTRIC LAST MILE SOLUTIONS, INC. New Urban Mobility Lab will specialize in electric vehicle fleet solutions, including advanced in-vehicle technology, edge-to-cloud architecture and data-intensive applications- ELMS location in
Bay Area to tap additional hardware and software talent, rapidly scaling capabilities for EV commercial customers - Company adds to global footprint, with other facilities in
Michigan ,Indiana andChina
The Lab’s focus will be expansive, covering advanced in-vehicle technology, edge-to-cloud architecture, data-intensive applications and machine learning. Advanced technology specialization in these areas will allow ELMS to provide customer solutions that increase vehicle productivity and lower total cost of ownership.
Data will be analyzed from ELMS commercial EVs and their environments, giving the Lab crucial information to understand how to improve efficiencies for ELMS fleets. Employees at the Lab will also work with collaborative partners to understand how best to serve all-electric fleets.
“The Urban Mobility Lab will have an unrelenting focus on transforming the urban last mile for our customers through clean, zero emissions electric vehicles,” said
About
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
Contacts
Media: elms-svc@sardverb.com
Investor Relations: IR@electriclastmile.com
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