Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received a municipal purchase for its Class 3 electric truck from the city of Dublin, Ohio. City officials noted that the Mullen Three is a “perfect application” as the city works to transition to electric vehicles; the city has been consistently listed as a top fleet among the 100 Best Green Fleets, ranked by the National Fleet Management Association Awards. In addition to this most recent order, Mullen is in discussions with multiple government agencies regarding orders for both its Class One and Three vehicles; the company anticipates receiving additional orders during the current fiscal quarter. The Mullen Three qualifies for a $15,000 incentive through the Massachusetts MOR-EV program and a $45,000 cash rebate voucher through the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program. “We are thrilled to partner with the city of Dublin as they continue to lead the way for cities in adopting sustainable solutions,” said Mullen Automotive CEO David Michery in the press release. “Mullen is currently negotiating with multiple government agencies to provide its all-electric Class One and Three vehicles and will be announcing additional orders over the current fiscal quarter.”
To view the full press release, visit https://ibn.fm/V6NnN
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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