Mullen Continues Prioritization of Commercial EVs

BREA, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today new key sales hires who have joined the Company in support of its commercial EV van and truck program.   

Tyler Jordan - Senior Director of Commercial Sales
Jordan has more than 13 years of experience driving profitability, growth, and process and program enhancements to service high-volume, multi-million-dollar accounts, leveraging strategic planning and data analysis. During the five years he spent with Merchants Fleet, Jordan was a key contributor to the growth of the Last Mile Delivery segment as both a strategic account executive and manager of the strategic accounts. In his role, Jordan collaborated with many different teams to create scalable, end-to-end processes that proved crucial in landing large strategic accounts such as Amazon, FedEx and UPS.

Matt Nevious - Director of Commercial Sales/Strategic Accounts
Nevious played a pivotal role at Merchants Fleet in the growth and optimization of key accounts, particularly within Amazon Last Mile operations. He spearheaded the development of innovative programs tailored to the unique needs of clients like Amazon and FedEx.

Jacob Frenning - Director of Commercial Sales Mid-Atlantic
Frenning has over 15 years of proven successful sales and leadership experience in automotive service, commercial sales and fleet management. In the past decade, Frenning has held positions in operations, sales, and management, and is passionate about applying these skills to deliver proven sales results. Frenning has strong contacts with fleets and is known for working hard to uncover new opportunities while strategically targeting key accounts and other growth engines.

"After an extensive due diligence process and countless interviews with highly sought-after individuals, we have identified a strong caliber team with great expertise in commercial sales. These individuals will propel Mullen's sales efforts forward," said Marianne McInerney, Chief Strategy and Commercial Officer of Mullen Automotive.

"Our commercial growth continues, and it's encouraging to see our sales efforts expand into new opportunities," said David Michery, CEO and chairman of Mullen Automotive. "Fleet Management Companies and Last Mile Delivery represent a significant portion of vehicle sales volume in the commercial segment, and focusing on these important categories positions us for strong future growth opportunity."

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana, (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. 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.

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, whether the new key hires will meet expectations, achieve expected sales goals and whether the Company will be successful in meeting its growth objectives.  Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. 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]

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• Mullen Expands Commercial Sales Efforts