2024-11-22 London, UK Today, ELM Mobility, a joint venture between renowned name in motorsport and automotive engineering, Prodrive Advanced Technology, and leading vehicle designer, Astheimer Design, adds global bank Barclays to its roster of strategic investors, all supporting its mission to disrupt the existing Last Mile delivery market. In just 12 months the initial idea has become a reality with its first demonstrator, EVOLV - an L7e category vehicle, revealed at the UK Cenex Expo in September 2024. ELM Mobility’s e-vehicle is a compact quadricycle that can match the cubic load capacity of mid-size vans, all whilst being half as heavy, and 50% lighter meeting market demand for high-capacity, efficient Last Mile delivery vehicles. Today’s investment will support the next phase of EVOLV’s development, maturing the design prior to certification and production starting in 2028, for which ELM Mobility has an initial target to produce 10,000 vehicles each year. In this imminent development phase, ELM Mobility will create 10 vehicles for engineering signoff and client testing – and are calling on logistics companies to come forward to take part in the trials. Continue reading press release by downloading the pack below.