Benzinga | Dec 9, 2021 09:37PM EST

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.