(Reuters) – Electric Last Mile Solutions Inc said on Wednesday it has secured a purchase order for 1,000 units of its urban delivery van from distribution partner, Randy Marion Automotive Group.
Shares of the Michigan-based electric vehicle company were up nearly 7% at $7.63 in premarket trading.
The purchase order comes after the company commenced production of its all-electric delivery van on Sept. 20.
Electric Last Mile, which went public through a SPAC merger in June, said it plans to ship first few units on Sept. 28 from its Mishawaka, Indiana facility.
Last month, the company said despite a delay in closing the merger and global supply chain challenges due to the COVID-19 pandemic, it is on track for its full year 2022 production targets.
(Reporting by Nilanjana Basu in Bengaluru; Editing by Shailesh Kuber)