Mullen Automotive Ships Initial Commercial EVs Under $210M Purchase Contract with Volt Mobility [Yahoo! Finance]
Mullen Automotive, Inc. (MULN)
Company Research
Source: Yahoo! Finance
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 3,000 Mullen Class 1 and Class 3 EV cargo vans and trucks over a 16-month period. Mullen shipped the initial commitment of commercial EV cargo vans and trucks on September 2, 2024. The initial shipment of vehicles represents the first phase of the multi-vehicle agreement between Mullen and Volt Mobility with the planned shipment of 300 vehicles in CY 2024. The contract includes a $3 million initial deposit, as referenced in the Company announcement from Aug. 26, 2024, and as part of the program initiation with ad
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MULN
News
- Trader In France Scores Third Victory In Short Selling Contest [Forbes]Forbes
- Mullen Automotive Inc. Announces Reverse Stock Split Effective Sept. 17, 2024GlobeNewswire
- BOLLINGER MOTORS CONTINUES WESTWARD EXPANSION, ADDS AFFINITY TRUCK CENTER TO ITS RETAIL NETWORKPR Newswire
- Mullen Subsidiary, Bollinger Motors, Continues Westward Expansion, Adds Affinity Truck Center to Its Retail Network [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Mullen Subsidiary, Bollinger Motors, Continues Westward Expansion, Adds Affinity Truck Center to Its Retail Network [Yahoo! Finance]Yahoo! Finance
MULN
Sec Filings
- 9/16/24 - Form EFFECT
- 9/13/24 - Form 424B3
- 9/13/24 - Form 8-K
- MULN's page on the SEC website