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EV-Truck Startup Electric Last Mile Files Chapter 7 Bankruptcy

  • Company listed up to $100 million of assets, liabilities
  • Firm filed for bankruptcy liquidation following review
Urban Delivery electric vans at the Electric Last Mile Solutions facility in Mishawaka, Indiana. 

Urban Delivery electric vans at the Electric Last Mile Solutions facility in Mishawaka, Indiana. 

Photographer: Taylor Glascock/Bloomberg
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Electric Last Mile Solutions Inc. filed for Chapter 7 bankruptcy in Delaware, making it the first of the electric-vehicle startups that merged with special purpose acquisition companies to go out of business amid the recent market slump. 

The company filed for court protection on Tuesday, listing assets and liabilities of as much as $100 million each.