Electric Last Mile Partners With Nauto To Advance Driver Safety

Nauto, an AI-based vehicle safety technology provider, has launched a partnership with Electric Last Mile Solutions Inc (NASDAQ:ELMS). The financial terms were not disclosed.
ELMS plans to offer Nauto's advanced predictive-AI fleet safety platform as a customer option, available pre-installed on new vehicles.
The partnership will help the drivers of ELMS vehicles avoid collisions and enable fleet managers to improve operational efficiency, reduce vehicle downtime and provide cost savings from discounted insurance premiums.
Nauto's safety platform option will be available through the ELMS Air + Driver Safety Package.
Customers of ELMS' Urban Delivery and Urban Utility vehicles will leverage Nauto's technology across various industries, including parcel delivery, telecom, utilities, hauling, and e-commerce.
Price Action: ELMS shares are trading higher by 4.07% at $7.42 on the last check Wednesday.

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