ELMS finalizes initial Zeeba purchase order for 50 all-electric Urban Delivery vans, with Zeeba’s intent to purchase hundreds more in 2022

Troy, Mich. – 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 a firm purchase order from Zeeba Vans (“Zeeba”), a Los Angeles-based mobility company, for 50 ELMS Urban Delivery vans with the intent to purchase hundreds more in 2022.

Zeeba, a pioneer in the urban van rental and leasing space, has a fleet that consists of several thousand vans with plans to add 2,500 all-electric vans by the end of 2023. The electrification program accounts for approximately one-third of Zeeba’s two-year growth plan. It has turned its focus to two areas: commercial business-to-business rentals and leasing and a San Francisco van sharing pilot program. The San Francisco program, set to launch in the first quarter of 2022, is a key vertical through which Zeeba’s customers will utilize the ELMS Urban Delivery.

“ELMS is pleased that Zeeba selected the Urban Delivery to propel its nationwide electrification and growth strategy,” said Ron Feldeisen, Chief Revenue Officer, ELMS. “Commercial van rentals are a growing business vertical in the last mile delivery space and rental customers are vying for all-electric mobility options.”

The company chose the Urban Delivery as the first commercial EV in its fleet due to its connected data capabilities, reliability, ESG benefits and lower total cost of ownership, which all support Zeeba’s aggressive transition to an all-electric fleet. Zeeba plans to leverage the ELMS Air telematics system, which provides fleet management and deep data analytics tools for customers, to run its van-sharing platform which will begin deployment in San Francisco.

“In 2021 we grew our business over 100% compared to 2020,” said Zeeba Chief Revenue Officer Mike Paletz. “Our initial projections for 2022 have us increasing our business three times over 2021 – our best year to date. Our partnership with ELMS will be instrumental in allowing us to achieve these goals.”