Mullen Automotive Inc., an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, has announced two new key hires. Corry Davis will serve as the company’s vice president of vehicle integration and homologation, and GT Martinez will be its new director of certification and homologation. Davis and Martinez bring more than three decades of experience in vehicle engineering and homologation as well as invaluable insight and expertise to their new roles. The two will help the company accelerate its manufacturing efforts and be key players in next stage of the Mullen FIVE EV Crossover, which is scheduled to begin engineering validation early next year. Davis has served in engineering leadership positions at multiple small vehicle and specialty manufacturers and has gained a strong technical background in electric traction systems and vehicle integration. He has also built a strong network of global industry experts. Martinez is a homologation expert with a proven track record in certifying mobility vehicles, components and systems. He specializes in regulatory requirements and global safety standards. In his new role, he will plan, implement and manage all aspects of regulatory compliance at Mullen. “We are working on delivering our first EV cargo vans to market in Q2 2022, and Corry and GT are key to our efforts,” said Mullen Automotive chair and CEO David Michery in the press release. “Both Corry and GT bring a wealth of experience that complements our team. I’m very pleased with our progress. Everyone is focused in on bringing the Mullen ONE EV Cargo Van to market.”
To view the full press release, visit https://ibn.fm/BH7a7
About Net Element Inc.
Net Element operates a payments-as-a-service transactional and value-added services platform for small to medium enterprises (“SMEs”) in the U.S. and select emerging markets. Net Element previously announced the execution of a definitive agreement to merge with privately held Mullen Automotive Inc., a Southern California-based electric vehicle company. The merger is subject to customary closing conditions and regulatory approvals. For additional information, visitwww.NetElement.com.
NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
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