Mullen Automotive Inc Stock Price, News & Analysis

Mullen Automotive, Inc. announces a partnership between its subsidiary, Bollinger Motors, and Amerit Fleet Solutions to provide mobile service and warranty for the B4 All-Electric Class 4 Commercial Truck. The agreement aims to offer nationwide service and maintenance for Bollinger's fleet customers, ensuring convenient and efficient support for the B4 and future vehicles. Amerit will deliver maintenance, repair, and warranty services outside of Bollinger's designated service areas, enhancing customer confidence in the company's offerings.

Mullen Automotive, Inc. (NASDAQ: MULN) partners with National Auto Fleet Group (NAFG) to offer its all-electric commercial vehicles in key California markets. NAFG, a Sourcewell contract awardee, will provide fleet vehicle purchasing to government agencies, schools, and local governments. Mullen's EV lineup includes the Mullen ONE cargo van and Mullen THREE cab chassis truck, both HVIP approved. NAFG, with two Sourcewell contracts, simplifies the purchasing process for government fleets, aiming to transition to sustainable electric transportation.

Mullen Automotive, Inc. (NASDAQ: MULN) has announced the adoption of a duration stockholder rights plan to ensure fair treatment of all stockholders and protect the company from takeover attempts without paying a control premium. The plan imposes penalties on any entity acquiring 10% or more of common stock without board approval. The Rights Plan is effective immediately and will expire on May 1, 2025.

Mullen Automotive, Inc. and Pritchard EV, in collaboration with Mobile Road Service Solutions, have unveiled the Mullen ONE Class 1 EV cargo van roadside assistance vehicle at the American Towman Showcase in Las Vegas. MRSS is a key upfitter for the Roadside Service Industry, supplying towing and emergency service companies like AAA. The Mullen ONE features 157 cubic feet of cargo space, 1,600 lbs. of payload, and 110 miles of range, catering to the growing demand for sustainable mobility solutions in the commercial EV market.

Mullen Automotive, Inc. (NASDAQ: MULN) has expanded its U.S. dealer network by partnering with Pritchard EV, a leading commercial dealer. Pritchard EV will offer Mullen's commercial EV lineup, including the Mullen ONE and Mullen THREE, to customers in the United States. This partnership aims to enhance accessibility to electric vehicles and service infrastructure for fleet customers, providing sustainable mobility solutions and addressing key logistics challenges.

Mullen Automotive, Inc. receives approval from the California Air Resources Board for their all-electric Class 3 low cab forward truck, the 2024 Mullen THREE, under the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). This approval grants the truck a $45,000 cash voucher per vehicle sold, making it more affordable for businesses looking to electrify their fleets. Combined with the federal tax credit, the net effective cost of the Mullen THREE could be less than $17,000. Mullen's electric vehicles are in full compliance with U.S. Federal Motor Vehicle Safety Standards and are designed for urban last-mile delivery, with a 125-mile range and versatile upfit options.