Diligence memo · auto-generated · as of July 2, 2026

Electric Last Mile, Inc.

Electric Last Mile, Inc. looks fair against its niche peers and is dormant on financing cadence.

DeprioritizeFinancing has gone silent well past the sector's normal cadence — treat as inactive until outside confirmation of a live operation.

Businessfiled

Electric Last Mile, Inc. operates in Other, based in AUBURN HILLS.

Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Electric Last Mile, Inc. has raised $26M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).

Largest single filing: $25M on 2020-12-10.

Most recent recorded round closed around 2020-12-10.

Valuation (modeled)modeled

Provath models Electric Last Mile, Inc. at approximately $372M (range $63M–$1.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Fair. Modeled value is 1.25× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era. Within the normal band (125% of peer median) for its niche.

Financing rhythm & timingmixed

Historic cadence: a new round about every 1 months.

Last raise 5.6 yr ago; this sector typically re-raises about every 11 months.

Silent for over 3× the sector's normal cadence.

The last round stepped up 25.3× from the prior — scaling.

Comparablesmixed

Capital scale ranks ahead of 88% of Other peers (25015 compared).

Modeled value ranks above 93% of those peers.

Closest niche peers: MStar Holding Corp, Chlorum Solutions Llc, IFS Management Holdco, LLC, Benefit Recovery Group, LLC, Shenandoah Growers, Inc..

Peoplefiled

6 named people on file across officers, directors and signatories.

Risks & flagsmixed

Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.

Broad sector classification weakens peer comparison.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.