ELMS Swaps with Partner to Provide Ample Batteries and Charging

Electric Last Mile Solutions, Inc. (NASDAQ: ELMS; ELMSW) (“ELMS” or “the Company”), a pure-play commercial electric vehicle (“EV”) company focused on redefining productivity for the last mile, and Ample, Inc. (“Ample”), an electric mobility company providing modular battery swapping solutions, announced plans to introduce an industry-first bundled offering that would pair the ELMS’ Urban Delivery Class 1 commercial EV with Ample’s modular battery swapping technology. Through the collaboration, the companies expect to provide ELMS customers with the option to subscribe to turnkey energy and mobility solutions.

Fleets deploying ELMS EVs will be able to opt into an Energy-as-a-Service (EaaS) solution utilizing Ample’s innovative battery swapping technology. Adopting the EaaS solution would lower the initial vehicle cost and allow customers to pay only for the energy they consume.

ELMS and Ample also announced plans to explore a full Mobility-as-a-Service bundle that would allow customers to forgo vehicle ownership entirely and pay for usage by the mile. Such an offering would include comprehensive services, insurance and energy to allow commercial fleets to minimize unplanned downtime and leverage differentiated economic models that drive their top-line revenue growth.

ELMS and Ample plan to offer customer test drives and battery swapping demonstrations in San Francisco using the Urban Delivery Class 1 EV in Q4 of this year. Full rollout of the bundled offering is expected to begin as early as Q2 2022.

“By pairing Ample’s and ELMS’ market-leading solutions, customers will now have a choice between full Mobility-as-a-Service or Energy-as-a-Service offerings that allow them to own or operate their vehicle at a significant discount,” said Jonathan Ballon, Chief Strategy Officer, ELMS. “These offerings align with our vision to deliver unique, innovative solutions in hardware and software for our fleet customers.”

“Ample is thrilled to help catalyze electrification in the commercial fleet industry with ELMS,” said John de Souza, Co-founder and President, Ample. “Together, we will accelerate large fleet operators’ ambitious electrification goals and their desire for fast energy delivery to enable high utilization of their vehicles with minimal downtime.”

About Electric Last Mile Solutions, Inc.
Electric Last Mile Solutions, Inc. (Nasdaq: ELMS) is focused on defining a new era in which commercial vehicles run clean as connected and customized solutions that make our customers’ businesses more efficient and profitable. ELMS’ first vehicle, the Urban Delivery, is the first Class 1 commercial electric vehicle in the U.S. market. The Company expects to begin production of its second vehicle, the Class 3 Urban Utility EV, in the second half of 2022. ELMS is headquartered in Troy, Michigan. For more information, please visit www.electriclastmile.com.

About Ample – Ample is a San Francisco based startup co-founded by John de Souza and Khaled Hassounah. It aims to solve the energy delivery challenge for electric transportation by utilizing autonomous robotics and smart-battery technology. Ample has created an economical, rapidly deployable and widely accessible platform that delivers a full charge to any electric car in minutes. Ample aims to make it possible to have “Electric Cars for Everyone”. For more information, contact info@getample.com