MULN - InvestorNewsBreaks - Mullen Automotive Inc. (NASDAQ: MULN) Receives PO from Ireland-Based Company for Mullen-GO(TM) Commercial Urban Delivery
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received an initial purchase order from the Newgate Motor Group for 30 Mullen-GO Commercial Urban Delivery EVs. The PO is valued at approximately $321,000, and MULN anticipates receiving additional orders as the two companies have previously announced plans for up to 500 vehicles per year.One of Ireland’s best-known dealership groups, Newgate is the marketing, sales, distribution and servicing agent for the Mullen-GO in Ireland and the United Kingdom. According to the announcement, the 30-unit order is the first sale of Mullen vehicles for delivery outside of the United States into the European market. The estimated value of the order is $321,000 and is expected to be reflected in Mullen’s current fiscal quarter reporting.
Newgate representatives noted that feedback to the Mullen-GO from the Irish automotive market has been positive and that this initial order reflects the company’s commitment to the Newgate-Mullen partnership and zero-emission transport solutions. The Mullen-GO is designed for quick deliveries and space constraints in dense cities and is already EU standard homologated, certified and ready for sale in initial markets of the United Kingdom, Germany, Spain, France and Ireland. “Newgate has generated great interest on the Mullen-GO to date, and we are excited to kick off sales in Europe with them,” said Mullen Automotive CEO and chair David Michery in the press release. “As I have stated previously, the Mullen-GO is a great alternative vehicle for commercial delivery in dense metro European cities. The small size is perfect on tight Euro streets, and the zero emissions and lower cost of ownership is a great combination for potential commercial customers.”
To view the full press release, visit https://ibn.fm/XD8nn
About Mullen Automotive Inc.
Mullen Automotive is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover; the Mullen-GO Commercial Urban Delivery EV; the Mullen commercial class 1–3 EVs; and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and class 4–6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. 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
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@NetworkNewsWire.com
InvestorWire is part of the InvestorBrandNetwork.