- Mullen signed a binding agreement with DelPack Logistics for up to 600 Mullen Class 2 Electric Cargo Vans
- The agreement “puts our Class 1 cargo van program front and center for last-mile delivery opportunities,” says Mullen CEO
- A recent study indicated the last-mile delivery market in North America is projected to see incremental growth of $59.81 billion between 2020 and 2025
In the competitive electric vehicle (“EV”) world, Mullen Automotive (NASDAQ: MULN) stands apart. The Southern California–based company owns and partners with several synergistic businesses to create clean and scalable electric vehicles and energy solutions. The company’s ability to reach this goal can perhaps be measured by its success, which was recently on display when Mullen inked a deal with DelPack Logistics LLC (“DPL”) for up to 600 Mullen Class 2 Electric Cargo Vans (https://ibn.fm/iKHKn).
The two companies entered a binding agreement earlier this month calling for DPL, an Amazon delivery service partner, to purchase the EVs over the next 18 months; the first 300 will be ready for delivery by Nov. 30, 2022. All 600 vehicles, which will be fully homologated for the U.S. market, will include a…
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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