MULN - Mullen Announces New Commercial EV Fleet Order for Europe | Benzinga
Commercial food delivery upfitter submits purchase order for 40 all-electric Mullen-GO urban delivery vehicles
Initial purchase order valued at approximately $440,000 USD with additional orders to follow
BREA, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today a new European purchase order ("PO") for 40 Mullen-GO urban delivery vehicles with Switzerland-based Antidoto SA, a commercial upfitter whose key focus is on-demand food delivery companies. The initial PO is valued at $440,000 USD.
Antidoto SA specializes in the design and sale of pizza ovens for delivery vehicles and installs warming ovens in various types of vehicles. The company currently produces around 500 ovens per year, which are integrated and sold with a specific vehicle. Antidoto SA will initially order 40 Mullen-GO vehicles for 2024 and projects a minimum order of 180 units for 2025 to meet anticipated growing demand for zero emission EVs. The vehicles will initially be deployed in Switzerland with planned expansion into other parts of Europe.
"We strongly believe that a collaboration with Mullen could not only meet our current needs, but also boost our production capacity by offering an electric vehicle to our customers," said Milijana Miletic, Director of Antidoto SA.
"As part of our global expansion, we are looking at all segments of urban delivery opportunities, including hot and cold on-demand delivery, which is perfectly suited for the Mullen-GO," said David Michery, CEO and chairman of Mullen Automotive.
The Mullen-GO is the Company's urban commercial electric delivery vehicle, which is designed to bridge the gap between the growing demand for quick deliveries and space constraints in dense cities throughout Europe. The commercial EV's compact design allows it to easily handle the stop/go and weave in/out typical of narrow urban European streets, ...