News & Videos - MULLEN AUTOMOTIVE INC. - Page 2

Company expects $75M in GAAP revenue over the next six months from sales pipeline and pilot programs Mullen will immediately reduce overall monthly spend (operating and investing cash flows) from $12.8M to $7.3M Expense cuts are driven by 20% reduction in headcount, program eliminations and facility consolidations Revenue and associated gross margin growth will further reduce cash requirements Company has three vehicle lines in full production and continues to exclusively focus on near term...

First deliveries of Bollinger B4 electric trucks to Nacarato Truck Centers with a value of $800,000 First revenue recognized for three months ended Sept. 30, 2024, with wire transfer payment received on Sept. 30, 2024 BREA, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), has made the first...

For quarter ended Sept. 30, 2024, Company expects to report approximately $4.5 million in revenue compared to $65,235.00 reported in quarter ended June 30, 2024, an increase of 6791% compared to prior quarter Mullen reported a monthly cash burn (operating and investing cashflows) of $12.8 million for the quarter ended June 30, 2024, as compared to a monthly cash burn of $18.1 million for the quarter ended March 31, 2024, representing a decrease of 30% or $5.3 million per month. Company’s...

Papé’s vehicle purchase includes 43 Class 3 EV trucks and 7 Class 1 EV cargo vans Papé is Mullen’s seventh commercial EV dealer and includes 30 commercial sales and service locations across the Western U.S. BREA, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today a new vehicle order from Papé Truck (“Papé”) for 43 Class 3 EV trucks and 7 Class 1...

David Michery, CEO and chairman, shares a Company update, including sales activities with existing and new companies resulting in new sales opportunities and vehicle orders received and or completed Company financing in place to support sales growth through a $100M preferred instrument and $150M fully available equity line BREA, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”)...

Video will be made available on Tuesday, Sept. 24, 2024, at 9 a.m. Eastern via MullenUSA.com BREA, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces a forthcoming video update for shareholders, provided by Mullen CEO and chairman, David Michery. The Company is planning to release the video update on Tuesday, Sept. 24, 2024, at 9 a.m. Eastern and will...

Employees, suppliers, government leaders share historic Bollinger B4 vehicle launch Bollinger B4 electric truck entirely assembled in the USA and in partnership with Roush Industries BREA, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), reached a milestone on Sept. 20, 2024, with production of...

Mullen technical and sales team present in Dubai this week for delivery of first EV vehicles Mullen Automotive, working in conjunction with independent company, VoltiE Group, a Miami, Florida-based EV charging company, are collectively providing EV vehicles and charging equipment to Volt Mobility, a GCC-based vehicle transport and leasing company that offers both commercial electric and gas vehicles and EV charging throughout the Middle East BREA, Calif., Sept. 20, 2024 (GLOBE NEWSWIRE) -- via...

BREA, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), has released pricing for the 2025 Bollinger B4 Chassis Cab with a Manufacturers Suggested Retail Price (“MSRP”) of $158,758. The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with...

Papé Group, which includes Papé Kenworth, consists of five operating companies with over 150 locations in nine states and 85 cities with over 815 service bays and 1,500 technicians Papé Kenworth is Mullen’s newest commercial EV dealer and seventh new retailer announced in recent months BREA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the...

BREA, Calif., Sept. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Sept. 17, 2024, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market...

Affinity has served California’s transportation needs since 1980 and has built longstanding relationships with local businesses and continues to provide California’s Central Valley with superior equipment and services Affinity Truck Center is a California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”) certified dealership BREA, Calif., Sept. 11, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an...

BREA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), has achieved a key commercial EV milestone with its B4 all-electric, Class 4 low cab forward chassis truck, receiving certification from the California Air Resources Board (“CARB”). The CARB certification is a requirement to sell...

BREA, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), has reached an agreement to partner with Texas Consulting & Development, LLC (“TCD”) to supply Bollinger B4 Class 4 trucks as part of TCD’s new, bundled service offering to ports and other related industries. The agreement strengthens...

BREA, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the shipment of initial vehicles under a significant $210 million purchase contract with Volt Mobility (“Volt”), based in the United Arab Emirates (“UAE”). Mullen to recognize revenue under the agreement in fiscal quarter 1, beginning on Oct. 1, 2024. The agreement is for Volt to purchase...

Expands Sales and Service Network with 20 locations across all key markets in the Western United States TEC Equipment represents franchises from Volvo, Mack Trucks and Wabash Trailers with focus along the I-5 corridor , traveling through major cities in California, Oregon and Washington BREA, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its...

Mullen to receive initial $3 million deposit and will begin shipping first vehicles immediately Volt, a leading UAE-based commercial leasing company with clients including UPS, DHL and FedEx, to purchase 3,000 EV cargo vans and trucks over the next 16 months BREA, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that Volt Mobility (“Volt”), based in...

BREA, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today its subsidiary, Bollinger Motors (“Bollinger”), is planning to begin production of saleable units of the Bollinger B4 Chassis Cab on Sept. 16, 2024. Deliveries and revenue recognition of the B4 EV truck is expected to begin in October 2024. A video, highlighting Bollinger’s start of production,...

Mullen's commercial EV lineup supports higher education campuses in achieving greenhouse gas reduction goals First Mullen THREE, Class 3 EV order includes box truck with liftgate upfit to support Princeton’s facilities operations unit for on campus usage BREA, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces its sale of the Mullen THREE, Class 3 EV box...

Positive stockholders’ equity of $53 Million as of June 30, 2024 Total assets of $192 Million as of June 30, 2024 BREA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces financial results for the three and nine months ended June 30, 2024, and a business update. Commenting on the results for the three and nine months that ended June 30, 2024, and recent...