Mullen Invoices and Delivers 130 Additional Class 1 EV Cargo Vans to Randy Marion Automotive Group for $4,372,550.00

BREA, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces 130 additional Class 1 EV cargo vans have been delivered and invoiced for $4,372,550.00 to Randy Marion Automotive Group ("RMA" or "Randy Marion").

To date, the Company has delivered 230 Mullen ONE, Class 1 cargo vans with a total invoiced amount of $7,736,150.00 as part of the initial 1,000 vehicle purchase order from RMA.

Randy Marion Automotive Group, based in Charlotte, North Carolina, is one of the top commercial dealer groups in the U.S. Mullen ONE production is based out of Tunica, Mississippi, which is home to Mullen's commercial vehicle assembly for both the Mullen ONE, Class 1 EV cargo van, and the Mullen THREE, Class 3 EV cab chassis truck.

"2024 has started strong and will be a solid year overall for our commercial EV efforts. The Mullen ONE is a great EV alternative for many of our customers and we continue to see strong demand and interest across the board," said Brad Sigmon, fleet vice president at Randy Marion Automotive.

"The Mullen ONE is a versatile EV cargo van. We are continuing to scale production and deliveries to RMA," said David Michery, CEO and chairman of Mullen Automotive.

Mullen ONE, Class 1 Urban Delivery EV Cargo Van?
The Mullen ONE is designed for last-mile delivery, with best-in-class cargo volume, payload and turning diameter to easily navigate through narrow urban streets and residential roads.

Mullen ONE, Class 1 EV cargo van highlights:

• 110-mile estimated range?
• 4,881 lbs. GVWR?
• 1,683 lbs. max payload?
• 157-cubic-feet cargo volume?
• 20-foot turning radius?

View full vehicle specifications for the Mullen ONE here. 

About Mullen
Mullen Automotive (NASDAQ: MULN) 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, Mullen-GO Commercial Urban Delivery EV, 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 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.

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to the volumes and timing of future Mullen vehicle deliveries, whether the Mullen ONE will perform as expected and meet demand for all classes of Mullen vehicles. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

Attachment

• Mullen ONE, Commercial Class 1 EV cargo van