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Shaping the Road Ahead in Electric Automobiles | Mullen Mullen (NASDAQ: MULN) is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions and electric vehicles We are now a publicly-traded company as of November 5th, 2021
About the Company | Mullen Mullen Automotive, Inc is the product of a strategic union of the economic efficiency offered by CODA Automotive with the superior features provided by Mullen Motor Cars’ technology Mullen as we know today is the culmination of nearly a decade long undertaking by David to make his vision a reality
Mullen Automotive Ships Initial Commercial EVs Under $210M Purchase . . . Mullen shipped the initial commitment of commercial EV cargo vans and trucks on September 2, 2024 The initial shipment of vehicles represents the first phase of the multi-vehicle agreement between Mullen and Volt Mobility with the planned shipment of 300 vehicles in CY 2024
Mullen Automotive Provides Company Update 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 of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana
Newsroom | Mullen | Press Release Mullen Reaches Definitive Agreement to Acquire Additional 21% of Bollinger Motors, Bringing Its Total Ownership to 95% and Eliminates Significant Debt
Volt Enters into $210 Million Contract with Mullen to Purchase 3000 . . . Mullen will receive an initial $3 million deposit within 60 days and additional payments as the vehicles are delivered The Company will begin shipping the first vehicles immediately Mullen expects to recognize approximately $210 million in revenue over the next 16 months of the agreement
Mullen Announces FIVE RS Launch and Vehicle Sales in Germany in . . . In August 2023, Mullen began commercial vehicle production in Tunica As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U S
Mullen and Enpower Greentech Inc. Enter Partnership and Supply . . . Mullen’s production of EGI SWIFT batteries is slated to begin early 2026 Mullen will integrate the EGI SWIFT battery into its existing SSB program in Fullerton, California EGI SWIFT semi solid-state batteries (SSB) are intended for use in commercial vehicles as well as other industrial applications including drone, E-aviation, robotics
Mullen Reports Improved 2024 Financial Results On Dec 17, 2024, Mullen Automotive submitted a modified plan to the U S Department of Energy (“DOE”) that incorporates its facilities in Mishawaka, Indiana, and Fullerton, California, for U S -based battery and pack production In total, Mullen is seeking $55 million in matching DOE funds to support the U S manufacturing capabilities
Mullen Makes Additional Cost Cutting Initiatives While Also Announcing . . . Company cost cutting initiatives include: • Additional reduction of staff as Company continues to integrate operations • Further elimination of facilities • Additional reduction of operating expense burn rate Mullen continues focus on cell and battery pack developments