Electric Last Mile went public via a SPAC merger with Forum Merger III in a $1.4bn deal.

Electric Last Mile, an electric vehicle company, went public via a SPAC merger with Forum Merger III, a special purpose acquisition vehicle, in a $1.4bn deal. “Today is a critical milestone for ELMS as we now believe we have all the pieces in place to execute on our business plan and transform productivity for the last mile. We are excited to take advantage of our anticipated first-mover opportunities in the commercial EV space with the launch of our Urban Delivery later this year and to help make the US the world leader for EV manufacturing," James Taylor, ELMS CEO.