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
- Mullen Announces Papé Truck’s $3.2M Vehicle Purchase with Immediate Delivery and Revenue Recognition of 50 Class 1 and Class 3 Vehicles • GlobeNewswire Inc. • 09/26/2024 01:09:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/24/2024 01:30:20 PM
- Mullen CEO Provides Video Update to Shareholders • GlobeNewswire Inc. • 09/24/2024 01:00:00 PM
- Mullen Automotive CEO to Update Shareholders in Upcoming Video • GlobeNewswire Inc. • 09/23/2024 03:00:00 PM
- Birth of a Manufacturer: Bollinger Motors Celebrates First Customer-Ready Production Electric Trucks • PR Newswire (US) • 09/23/2024 01:30:00 PM
- Mullen Subsidiary, Bollinger Motors, Achieves Major Milestone Today with Production of First Customer-Ready B4 Electric Truck • GlobeNewswire Inc. • 09/23/2024 01:15:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 09/20/2024 09:21:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 09:00:17 PM
- Mullen Provides Update on Volt Mobility $210 Million UAE Order • GlobeNewswire Inc. • 09/20/2024 01:25:00 PM
- BOLLINGER MOTORS ANNOUNCES PRICING FOR THE 2025 BOLLINGER B4 COMMERCIAL ELECTRIC TRUCK • PR Newswire (US) • 09/18/2024 01:30:00 PM
- Mullen Subsidiary, Bollinger Motors, Announces Pricing for the 2025 B4 Commercial Electric Truck • GlobeNewswire Inc. • 09/18/2024 01:15:00 PM
- Mullen Enters into Sales and Service Agreement with Papé Kenworth; one of America’s Leading Commercial Dealer Groups • GlobeNewswire Inc. • 09/17/2024 01:00:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/16/2024 04:15:17 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/13/2024 09:15:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 09:15:19 PM
- Mullen Automotive Inc. Announces Reverse Stock Split Effective Sept. 17, 2024 • GlobeNewswire Inc. • 09/13/2024 03:55:00 PM
- BOLLINGER MOTORS CONTINUES WESTWARD EXPANSION, ADDS AFFINITY TRUCK CENTER TO ITS RETAIL NETWORK • PR Newswire (US) • 09/11/2024 01:45:00 PM
- Mullen Subsidiary, Bollinger Motors, Continues Westward Expansion, Adds Affinity Truck Center to Its Retail Network • GlobeNewswire Inc. • 09/11/2024 01:30:00 PM
- BOLLINGER MOTORS ACHIEVES CARB CERTIFICATION, A CRITICAL STEP IN BECOMING SALES-READY • PR Newswire (US) • 09/09/2024 01:30:00 PM
- Mullen Subsidiary, Bollinger Motors, Achieves CARB Certification; A Critical Step in Becoming Sales Ready • GlobeNewswire Inc. • 09/09/2024 01:15:00 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 09/06/2024 09:21:01 PM
- BOLLINGER MOTORS AGREES TO PARTNERSHIP WITH TEXAS CONSULTING & DEVELOPMENT • PR Newswire (US) • 09/05/2024 02:15:00 PM
- Mullen Subsidiary, Bollinger Motors, Agrees to Partnership with Texas Consulting & Development • GlobeNewswire Inc. • 09/05/2024 01:15:00 PM
- Mullen Automotive Ships Initial Commercial EVs Under $210M Purchase Contract with Volt Mobility • GlobeNewswire Inc. • 09/04/2024 01:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 09:15:19 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM