Mullen Automotive Announces Dealer Expansion and Commercial EV Purchases
180 Commercial EVs to Be Acquired Over 18 Months
Supporting Growing Demand and Mullen's Full EV Lineup
BREA, Calif., Feb. 02, 2024 – Mullen Automotive Inc. (MULN) (Mullen or the Company), an electric vehicle (EV) manufacturer, today announced the expansion of its dealer network and the purchase of 180 commercial electric vehicles (EVs) over the next 18 months.
The Company plans to acquire 130 Class 1 EV cargo vans and 50 Class 3 EV trucks, with an estimated value of $18 million. This purchase aligns with the growing demand for commercial EVs and supports Mullen's full line of EV products.
In June 2024, Mullen welcomed Eco Auto as its fifth dealer partner, specializing in commercial vehicles. This partnership will further enhance Mullen's distribution channels and provide customers with access to a wider range of EV options.
The dealer expansion and EV purchases are part of Mullen's strategic growth plan to meet the increasing demand for sustainable transportation solutions. By investing in commercial EVs, the Company aims to support businesses and organizations in their efforts to reduce their carbon footprint.
Conclusion: Mullen Automotive's strategic expansion and EV purchases position the Company as a leader in the commercial EV market. This investment demonstrates its commitment to providing innovative and environmentally friendly transportation solutions for businesses and organizations across the nation.
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