Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for 29 Mullen GOS from one of its newest European distribution partners. The order for the GOs, which are Mullen’s commercial micro-urban-delivery vehicle, came from GAMA, which is a distribution partner covering southeast Europe, including the Balkans Region. The order from GAMA, which is valued at $304,000, is part of a previously announced 53-unit commercial vehicle order; that order is for urban delivery vehicles as well as Mullen One and Mullen Three commercial EV cargo vans and trucks, which have not yet been delivered. The compact design of the Mullen-GO makes it an ideal vehicle “bridge the gap between the growing demand for quick deliveries and space constraints in dense cities throughout Europe,” the company noted. “GAMA is seeing strong interest in our commercial EVs, and we are delighted to begin vehicle deliveries in the Balkans region,” said Mullen Automotive CEO and chair David Michery in the press release. “As highlighted previously, the Mullen GO is the perfect micro urban delivery vehicle for small and congested old world European streets.”
To view the full press release, visit https://ibn.fm/NRkpm
About Mullen Automotive Inc.
Mullen Automotive is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) at its two United-States-based vehicle plants, located in Tunica, Mississippi (120,000 square feet), and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen One, a Class 1 EV cargo van, and Mullen Three, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the United States. Recently, CARB issued Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (“HVIP”) approval on the Mullen Three, Class 3 EV truck, providing up to a $45,000 cash voucher at time of vehicle purchase. The company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Eco Auto providing sales and service coverage in key Midwest, West Coast, Pacific Northwest and New England markets. The company also recently announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles. To learn more about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
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