Electric Last Mile Solutions Pioneers EV Campus Program as Universities Nationwide Seek a Zero Emissions Future
October 28 2021 - 7:00AM
Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) (“ELMS” or
“the Company”), a pioneer of electric and intelligent mobility
solutions for commercial vehicle customers, today announced the
ELMS EV Campus Program – a unique collaboration with universities
nationwide that is designed to help them meet their sustainability
and ESG goals.
The EV Campus Program will allow universities to
pilot an ELMS Urban Delivery commercial electric vehicle free of
charge for up to four weeks. The university will utilize the
vehicle within campus boundaries covering a wide range of use cases
during the duration of the pilot. ELMS will also install its
telematics devices in universities’ current campus fleets –
including in traditional gas combustion vehicles – to analyze duty
cycle data and provide universities with a report proposing
customized solutions to reduce their carbon emissions, lower
vehicle maintenance costs and adopt robust EV charging
infrastructure.
“This groundbreaking program is uniquely
designed to serve colleges and universities seeking a green
future,” said Ron Feldeisen, Chief Revenue Officer, ELMS. “Not only
will universities have a chance to pilot the ELMS all-electric
Urban Delivery van, but they will also receive a comprehensive
assessment of their current fleet so they can better understand
where they can achieve cost savings and drive better business by
going electric.”
At a time when schools around the country are
targeting aggressive sustainability goals, ELMS is launching the EV
Campus Program at a time where the nearly 1,500 U.S. colleges and
universities, which are targeting aggressive sustainability goals,
look to transition their facilities and operations to cleaner
alternatives. This includes transforming campus fleets, which can
operate at a scale of more than 1,000 vehicles for large
universities and are projected to increase to 325,000 units
nationwide by 2025. These vehicles are used across campuses for
parcel delivery, cleaning and laundry, athletics, facilities
maintenance, campus dining and security, and more.
ELMS initiated a pilot program in July with the
University of Notre Dame to assess how the university could advance
efficiency and sustainability actions within its operations. Using
advanced vehicle data analytics from its ELMS Air telematics
system, ELMS identified ways for Notre Dame to save carbon
emissions, capture total annual savings in fuel and maintenance
costs, and reduce total cost of ownership by converting to an EV
fleet. ELMS decided to offer this program nationwide due to the
successful collaboration with Notre Dame.
For colleges and universities aiming to reach
their sustainability goals through the ELMS EV Campus Program,
contact sales@electriclastmile.com.
About Electric Last Mile Solutions,
Inc.Electric Last Mile Solutions, Inc. (Nasdaq: ELMS;
ELMSW) is focused on defining a new era in which commercial
vehicles run clean as connected and customized solutions that make
our customers’ businesses more efficient and profitable. ELMS’
first vehicle, the Urban Delivery, is the first Class 1 commercial
electric vehicle in the U.S. market. The Company expects to begin
production of its second vehicle, the Class 3 Urban Utility EV, in
the second half of 2022. ELMS is headquartered in Troy, Michigan.
For more information, please visit www.electriclastmile.com.
Forward-Looking StatementsThis
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 June
30, 2021 and in the Company’s future filings with the Securities
and Exchange Commission. Some of these risks and uncertainties may
in the future be amplified by the COVID-19 outbreak and there may
be additional risks that the Company considers immaterial or which
are unknown. The Company cautions that the foregoing list of
factors is not exclusive. The Company cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. The Company does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
ContactsMedia: elms-svc@sardverb.comInvestor
Relations: IR@electriclastmile.com
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