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Thursday, December 15, 2022 6:26:20 PM
https://ih.advfn.com/p.php?pid=ihm_newsArtView&article=89790069&symbol=N%5EMULN&hl=1
Transaction valued at approximately $200 million - deliveries commencing First Quarter 2023
BREA, CA -- December 15, 2022 -- InvestorsHub NewsWire -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces a purchase order for 6,000 Class 1 EV cargo vans from Randy Marion Isuzu, LLC ("RMI"), a member of the Randy Marion Automotive Group ("RMA"). The firm order agreement is valued at approximately $200 million.
RMA is one of the largest and most respected commercial vehicle dealer groups in the U.S. Randy Marion Isuzu, LLC, a division of RMA, has committed to purchase 6,000 Class 1 EV cargo vans from Mullen Automotive. Mullen recently announced RMA as its first commercial dealer partner to offer sales, service and parts for Mullen Automotive's commercial vehicle lineup.
"We see a tremendous opportunity with the Mullen commercial portfolio, and the launch of the commercial van could not come at a better time," said Randy Marion, CEO and founder of RMA. "There's significant pent-up customer demand for Mullen to fulfill. I have many customers looking at me to find product for their companies."
"This is a real vote of confidence in our company. We appreciate Randy's vision and aggressiveness to partner with us," said John Schwegman, chief commercial officer for Mullen Automotive. "He clearly sees the future in commercial EVs."
"The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments," said David Michery, chairman and CEO of Mullen Automotive.
Mullen's commercial EV lineup includes Class 1-3 cargo van and cab chassis offerings and Bollinger Motors Class 4-6 chassis products. Mullen's entire commercial vehicle lineup will be manufactured out of the Advanced Manufacturing and Engineering Center (AMEC) located outside Tunica, Mississippi.
Recent MULN News
- Bollinger Motors Announces Sale of 80 Bollinger B4 Chassis Cabs to Momentum Groups • PR Newswire (US) • 06/13/2024 01:30:00 PM
- Mullen Subsidiary Bollinger Motors Receives $13.2 Million Sales Order from Momentum Groups • GlobeNewswire Inc. • 06/13/2024 01:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 12:00:10 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/12/2024 09:00:06 PM
- The State of Massachusetts Issues MOR-EV Approval, Granting Mullen’s Class 3 EV Truck a $15,000 Cash Voucher per Vehicle Sold • GlobeNewswire Inc. • 06/11/2024 01:15:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/10/2024 09:15:17 PM
- Mullen Announces Addition of New England Area Dealer and Initial Purchase Order • GlobeNewswire Inc. • 06/10/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 09:20:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/06/2024 07:23:17 PM
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- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/30/2024 09:15:17 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/30/2024 04:15:06 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/29/2024 04:46:22 PM
- Mullen Announces New Commercial EV Fleet Order for Europe • GlobeNewswire Inc. • 05/29/2024 01:29:35 PM
- Mullen Announces Development of Zero-Emissions, All-Electric PowerUP Mobile EV Charging Truck • GlobeNewswire Inc. • 05/28/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:15:36 PM
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- Bollinger Motors Announces Sale of 50 Bollinger B4 Chassis Cabs to EnviroCharge • PR Newswire (US) • 05/22/2024 01:15:00 PM
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