Mullen Announces Class 3 EV Truck Purchase from the City of Dublin, Ohio
Rhea-AI Summary
Mullen Automotive (NASDAQ: MULN) has announced a municipal purchase of its Class 3 electric truck by the City of Dublin, Ohio. The City of Dublin, known for its sustainable fleet management, sees the Mullen THREE as aligning with its vision to be the most sustainable fleet nationally. Mullen is currently negotiating with multiple government agencies and expects to announce additional orders in the current fiscal quarter.
The all-electric Mullen THREE, a Class 3 low cab forward EV truck, offers a 125-mile range and is designed for urban last-mile delivery. It qualifies for significant incentives, including a $15,000 incentive through Massachusetts' MOR-EV program and a $45,000 cash rebate voucher through California's HVIP program. Both Mullen's Class 1 and Class 3 commercial vehicles have received EPA and CARB certifications.
Positive
- Municipal purchase of Mullen THREE by City of Dublin, Ohio
- Ongoing negotiations with multiple government agencies for potential orders
- Mullen THREE qualifies for $15,000 incentive in Massachusetts and $45,000 rebate in California
- EPA and CARB certifications received for Class 1 and Class 3 commercial vehicles
Negative
- None.
News Market Reaction – MULN
On the day this news was published, MULN declined 2.74%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Mullen is currently negotiating with multiple government agencies to provide its Class One and Three vehicles and will be announcing additional orders over the current fiscal quarter
Mullen’s commercial EVs align with the City of Dublin’s vision to be the most sustainable, connected and resilient global city of choice and has a long history of working to improve energy efficiency
The Mullen THREE qualifies for a
BREA, Calif., July 22, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces a municipal purchase for Mullen’s Class 3 electric truck from the City of Dublin, Ohio.
“The all-electric Mullen THREE is a perfect application for our use,” said John Hyatt, fleet operations manager, City of Dublin. “For more than a decade, the City of Dublin has been at the forefront of transitioning to electric vehicles and we believe that the Mullen THREE aligns with the City of Dublin’s vision to be the most sustainable fleet nationally.”
The City of Dublin consistently ranks as a top fleet among the 100 Best Green Fleets as ranked by the National Fleet Management Association Awards including being ranked third in 2022, being awarded eighth place in the Top 50 Leading Fleets from Government Fleet and ranking among the top fleets according to Government Fleet Magazine for 12 consecutive years.
“We are thrilled to partner with the City of Dublin as they continue to lead the way for cities in adopting sustainable solutions," said David Michery, CEO and chairman of Mullen Automotive. “Mullen is currently negotiating with multiple government agencies to provide its all-electric Class One and Three vehicles and will be announcing additional orders over the current fiscal quarter."
The all-electric Mullen THREE is a Class 3 low cab forward EV truck featuring a robust payload, a 125-mile range and is purpose-built to meet the demands of urban last-mile delivery. The Mullen THREE chassis has a clean, top-of-rail design to support a variety of upfits for vocational needs, to last-mile delivery, construction, landscaping, catering and more.
The Mullen THREE was recently qualified for a
About City of Dublin, Ohio
Dublin is a city of nearly 50,000 residents located just northwest of Columbus, Ohio. It offers residents and corporate citizens responsive services, attractive housing options, superior public education, direct regional highway access, abundant park space, thoughtful and strategic planning, innovative ideas and technology and a dynamic community life. Dublin is ranked the number one small city in Ohio and is consistently named one of the safest cities in the nation. It is home to more than 20 corporate headquarters, an entrepreneurial center, 4,300+ businesses, world-class events and the urban, walkable Bridge Street District.
To learn more about Dublin, Ohio, visit www.dublinohiousa.gov.
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
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, timing of delivery of the ordered vehicle, whether any additional vehicles will be ordered by the City of Dublin, Ohio, or other governmental agencies and how long local and federal governmental incentives for electric vehicles will be available. 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
Editor@InvestorBrandNetwork.com
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FAQ
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