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InvestorNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Invoices $12M-Plus for Class 1, Class 3 EVs in 2023

InvestorNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Invoices $12M-Plus for Class 1, Class 3 EVs in 2023

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on the status of its Class 1 and Class 3 vehicles for 2023. According to the announcement, the company delivered 100 Class 1 and 141 Class 3 vehicles by year end, for a total invoiced amount of $12,559,520. Mullen also anticipates delivering an additional 185 Class 1 vehicles by Jan. 8, 2024. The vehicles were delivered to the Randy Marion Automotive Group as part of a vehicle purchase order calling for 6,000 Class 1 vehicles and 1,000 Class 3 vehicles in total; invoicing for the vehicles will total an estimated $263 million, with a majority of the vehicles slated for delivery this year. The company noted that it had delivered 10 Class 3 vehicles on Dec. 4, 38 Class 3 vehicles on Dec. 21, 63 Class 3 vehicles on Dec. 26, 50 Class 1 vehicles on Dec. 28, 30 Class 3 vehicles on Dec. 30, and 50 class 1 vehicles on Dec. 31, 2023. “[Last year] closed out strong, and we continue to scale our production and deliveries throughout 2024,” said Mullen Automotive CEO and chair David Michery in the press release.

To view the full press release, visit https://ibn.fm/lsYTa

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 of all 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

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