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startups electric vehicles

EV Startup Electric Last Mile Solutions to Liquidate

By
Maria Heeter
· · Source: The Information

The electric vehicle startup Electric Last Mile Solutions plans to liquidate after struggling to raise additional funding and secure an auditor amid a pending Securities and Exchange Commission investigation, the company announced Sunday. The Troy, Michigan-based company went public via a special purpose acquisition company in June 2021, at a valuation of $1.4 billion. In the months since,...

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