Electric Last Mile Solutions Pioneers EV Campus Program as Universities Nationwide Seek a Zero Emissions Future

October 28, 2021 7:00 AM EDT

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  • ELMS EV Campus Program will provide Urban Delivery commercial electric vehicles for pilot use to help universities understand how to reach their ESG and sustainability goals
  • Program will also install telematics devices in existing university fleet to gather and analyze data and provide real world solutions for fleet optimization, emissions reduction, and cost savings by adopting EVs

TROY, Mich., Oct. 28, 2021 (GLOBE NEWSWIRE) -- 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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Source: Electric Last Mile Solutions, Inc.

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