I know I'm way late but in case any one else reads this thread. The problem with the Elipsa 2E official Kobo cover not having a stand (or protecting the back of the device) is something I overcame by buying a 3rd party cover on Amazon.
It fits perfectly, has a slot for the stylus, has a sleep/wake function, has an origami style stand, & is the closest thing I could find to the official case sold for the old Elipsa,(which I consider to be superior to the case sold for the 2E).
It is also 50 quid cheaper
https://www.amazon.co.uk/Billionn-Ko.../dp/B0C5961RNX