Electric Last Mile's failure is reality check for EV startups, experts say

Electric Last Mile Solutions Inc. announced in March it would lay off a quarter of its employees. (Electric Last Mile Solutions)

By:

Crain's Detroit Business

June 13, 2022 07:55 PM

As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the company's rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers.

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