Mullen Technologies, Inc. manufactures and distributes electric vehicles. The company also specializes in the provision of customized solutions to meet various customer needs specifically in the municipal, military, and golf industries. It serves customers through dealers and service centers in the United States. The company was incorporated in 2014 and is based in Brea, California.
IPO Year:
Exchange: NASDAQ
Website: mullenusa.com
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 ("Nasdaq") under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on Sept. 17, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P505. Th
Storied Dealership Group Brings the All-Electric Bollinger B4 to Four Sales and Service Locations in the Central Valley of California OAK PARK, Mich., Sept. 11, 2024 /PRNewswire/ -- Bollinger Motors, Inc. ("Bollinger Motors"), a commercial electric vehicle ("EV") manufacturer, has named Affinity Truck Center as an official Bollinger Motors dealer, with sales locations in Bakersfield, and Fresno, California, and service locations in Paso Robles, and Salinas, California. Affinity Truck Center is a California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) certified dealership.
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 electric vehicle ("EV") manufacturer, announces today that its subsidiary, Bollinger Motors ("Bollinger"), has named Affinity Truck Center ("Affinity") as an official Bollinger Motors dealer. Affinity o
Certification opens the Bollinger B4 EV truck to federal and state incentive programs totaling $100,000 in potential savings OAK PARK, Mich., Sept. 9, 2024 /PRNewswire/ -- Bollinger Motors, Inc. ("Bollinger Motors"), a commercial electric vehicle ("EV") manufacturer, today announced it achieved certification from the California Air Resources Board ("CARB") for the company's all-electric Bollinger B4 Class 4 trucks. The CARB certification is a requirement to sell vehicles in the CARB-compliant states of California, Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts
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 vehicles in the CARB-compliant states of California, Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and the District of Col
Partnership Establishes All-Electric Bollinger B4 Truck as Part of New TCD Client Solution OAK PARK, Mich., Sept. 5, 2024 /PRNewswire/ -- Bollinger Motors, Inc., a commercial electric vehicle ("EV") manufacturer, today announced it 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 TCD's vehicle portfolio and enhances the company's Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology offerings.
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 TCD's vehicle portfolio and enhances the company's Vehicle-to-Grid ("V2G") and Vehicle-to-Building ("V2B") technology offerings. In addition, TCD will leverage the Bollinger B4 electric truck to stimulate sales across the c
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 represent
OAK PARK, Mich., Aug. 29, 2024 /PRNewswire/ -- Bollinger Motors, Inc., an electric commercial vehicle ("EV") manufacturer, has named TEC Equipment, Inc. as an official Bollinger Motors dealer. The addition of sales and service provided by select TEC Equipment locations expands Bollinger Motors commercial sales and service network westward, with the following participating TEC Equipment locations: Sales & service Locations: California: San Diego, Fontana, OaklandOregon: PortlandWashington: SeattleAdditional service locations: Arizona: PhoenixCalifornia: La Mirada, Dixon, Lathro
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 subsidiary, Bollinger Motors ("Bollinger"), has named TEC Equipment, Inc. ("TEC") as an official Bollinger Motors dealer. The addition of 20 select TEC sales and service locations expands Bollinger Motors' comme
Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Wednesday. According to Benzinga Pro, MULN stock has lost over 98% in the past year. Today, Mullen has announced that GAMA, one of its international distributors, has placed an order for 29 units of the Mullen GO, the company’s commercial micro urban delivery vehicle. The order, valued at $304,000 is scheduled for shipment to GAMA in early August 2024. Recently, Mullen appointed GAMA as its European distribution partner for southeastern Europe, encompassing the Balkans Region. Related: Mullen Automotive Hires New Distributor In Europe – What’s Going On? This includes Bosnia and Herzegovina, Serbia, Montenegro
The EPA certified B4 provides one of the strongest warranties in the commercial market todayWarranty includes: Bumper-to-bumper, 3-year/36,000-miles; powertrain, 5-year/50,000-mile; high-voltage battery, 8-year/100,000-miles; frame rails and cross-members, 5-years/unlimited miles; corrosion (perforation only), 5-years/unlimited miles BREA, Calif., July 23, 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"), releases its full warranty coverage on the Bollinger B4 Chassis Cab, the company's all-new, all-electric Class 4 commercial truck.Un
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 quarterMullen'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 efficiencyThe Mullen THREE qualifies for a $15,000 incentive through the State of Massachusetts MOR-EV program and a $45,000 cash rebate voucher through the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP)
Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Wednesday. Today, the company disclosed that the Massachusetts Executive Office of Energy and Environmental Affairs Department of Energy Resources has approved its all-electric Class 1 cargo van, the 2024 Mullen ONE, as eligible for a $3,500 cash voucher under the MOR-EV program. Administered statewide by the Center for Sustainable Energy (CSE) under the oversight of the Massachusetts Executive Office of Energy and Environmental Affairs’ Department of Energy Resources, MOR-EV aims to enhance EV affordability. It promotes clean transportation goals, reduces greenhouse gas emissions, and facilitates equitable access to
Under the MOR-EV program, the Mullen ONE Class 1 EV cargo van, with a suggested MSRP of $34,500, is now approved for a MA state cash rebate of up to $3,500When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ONE would be approximately $23,500BREA, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today the Massachusetts Executive Office of Energy and Environmental Affairs' Department of Energy Resources ("DOER") has approved the Company's all-electric Class 1 cargo van, the 2024 Mullen ONE, for up to $3,500 cash voucher under it
Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Tuesday. The company revealed that its unit, Bollinger Motors, Inc., named former General Motors Company (NYSE:GM) executive James Taylor as CEO. He will assume the role from company founder Robert Bollinger, who will retain positions on the Board of Directors and as a major shareholder. Additionally, the company appointed Bryan Chambers as President and Chief Operating Officer, and promoted Siva Kumar to Chief Strategy Officer and Senior Vice President of Finance. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive. “Robert and his team have done an incredible job of cre
Bollinger Motors, Inc., an electric commercial vehicle ("EV") manufacturer, today announces it has named former GM executive James Taylor as CEO. He will take over for company founder Robert Bollinger, who will remain on the company's Board of Directors and a major shareholder.In addition, the company promoted Bryan Chambers to President and Chief Operating Officer and Siva Kumar to Chief Strategy Officer and Senior Vice President of Finance.
Mullen Automotive, Inc. (NASDAQ:MULN) shares are moving Monday. The company announced its subsidiary, Bollinger Motors, has reached an agreement to sell 70 all-electric Class 4 Bollinger B4 commercial EV trucks. The Details: The vehicle order from Doering Fleet Management is valued at approximately $11.5 million with first the vehicle deliveries expected in late 2024. The Bollinger B4 will be the first Class 4 medium duty, all-electric truck offered by Doering. Read Next: What’s Going On With Rivian Automotive Stock? “Our agreement with Doering Fleet Management is another important step forward for Bollinger Motors,” said Jim Connelly, chief revenue officer of Bollinger Motors. “
Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today its subsidiary, Bollinger Motors, has reached an agreement to sell 70 all-electric Class 4 Bollinger B4 commercial trucks to Doering Fleet Management ("Doering"), one of the nation's premier fleet management companies. The vehicle order is valued at approximately $11.5 million with first vehicle deliveries in late 2024. The Bollinger B4 will be the first Class 4 medium duty, all-electric truck offered by Doering.
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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 Company developments, CEO and chairman David Michery stated: "We narrowed our loss in the quarter and year-to-date. We are positioning our fiscal Q4 for strong year-over-year growth. I am thankful to our team and
Positive stockholders' equity of $117,414,643 as of March 31, 2024 Company has additional $150 million in capital commitments to support the scaling of commercial EV operations BREA, Calif., May 14, 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 six months ended March 31, 2024, and a business update. Commenting on the results for the three and six months ended March 31, 2024, and recent Company developments, CEO and chairman David Michery stated, "Our Company continues to grow despite difficult market conditions and I am thankfu
The Rights Agreement is not a financing transaction and no additional shares of Common Stock or Preferred Stock or warrants or convertible notes are currently being issued in connection with the Rights Agreement BREA, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, today announces that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"). The Rights Plan is intended to promote the fair and equal treatment of all stockholders and is similar to rights plans adopted by other publicly held companies. Th
Mullen Automotive Inc. (NASDAQ:MULN), is updating its press release with certain corrections as described further below. There are no changes to the financial results for the three months ended Dec. 31, 2023. The prior press release as corrected is set forth in its entirety below. Company reports financial results and current business update Stockholders' equity $271,814,097.00 as of December 31, 2023 BREA, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ:MULN), an emerging electric vehicle ("EV") manufacturer, today announces financial results for the three months ended Dec. 31, 2023, and a business update. Commenting
Company reports financial results and current business update Stockholders' equity $271,814,097.00 as of December 31, 2023 BREA, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ:MULN), an emerging electric vehicle ("EV") manufacturer, today announces financial results for the three months ended Dec. 31, 2023, and a business update. Commenting on the results for the three months ended Dec. 31, 2023, and recent Company developments, CEO and chairman David Michery stated, "We are coming off our strongest quarter to date for vehicle production and deliveries. For the three months ended Dec. 31, 2023, the Company delivered 231 vehicles. For the 12 months en
BREA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- via IBN - Mullen Automotive Inc. (NASDAQ:MULN), an emerging electric vehicle ("EV") manufacturer, today announces financial results for the twelve months ended Sept. 30, 2023, and a current business update. Commenting on fiscal year 2023 ("FY2023") and recent Company developments, CEO and chairman David Michery stated, "Mullen has initiated production in Tunica and rolled out a significant number of vehicles in support of customer orders of Class 1 EV vans and Class 3 EV trucks and hurdled critical milestones of securing federal (‘NHTSA' and ‘EPA') certification and IRS approval for tax credits. We completed a strategic purchase of EV batt
BREA, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces the purchase of battery pack production assets from Romeo Power for approximately $3.5 million. The deal includes equipment, inventory and intellectual property for high volume EV (electric vehicle) battery pack and module production. The Romeo Power assets include production lines for EV pack assembly and precision R&D module and pack development with associated inventory allowing for production of modules and vehicle battery packs. Additionally the purchased assets include battery testing and valid
BREA, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Mullen Automotive, Inc. (NASDAQ:MULN), an emerging electric vehicle ("EV") manufacturer, today announced financial results for its fiscal third quarter for the three and nine months ended June 30, 2023. Recent Company Updates: The Board of Directors of the Company has authorized a stock buyback program, pursuant to which the Company may, until December 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with a
Revenue of $308,000 booked and recorded for quarter ending June 30, 2023 BREA, Calif., June 29, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen"or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today it has sold 22 EV cargo vans to the Randy Marion Automotive Group. The $308,000 is the company's first recorded revenue and is being recognized in the quarter ending June 30, 2023. All vehicles are in que to be shipped, with the first vehicles shipping today, June 29, 2023, from Mullen's Tunica, Mississippi, assembly plant to Randy Marion Automotive Group in North Carolina. Randy Marion is the authorized distributor of
BREA, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces a financial update for its fiscal second quarter for the three and six months ended March 31, 2023. Financial Results Cash used in operating activities was $67.6 million, and cash flows used in investing activities was $97.4 million (primarily ELMS asset purchase for $93 million), offset by cash inflows from financing activities of $167.4 million for the six months ended March 31, 2023. The net loss before accrued preferred dividends and noncontrolling interest was $495.4 million for the six m
OAK PARK, Mich., Aug. 29, 2024 /PRNewswire/ -- Bollinger Motors, Inc., an electric commercial vehicle ("EV") manufacturer, has named TEC Equipment, Inc. as an official Bollinger Motors dealer. The addition of sales and service provided by select TEC Equipment locations expands Bollinger Motors commercial sales and service network westward, with the following participating TEC Equipment locations: Sales & service Locations: California: San Diego, Fontana, OaklandOregon: PortlandWashington: SeattleAdditional service locations: Arizona: PhoenixCalifornia: La Mirada, Dixon, Lathro
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 subsidiary, Bollinger Motors ("Bollinger"), has named TEC Equipment, Inc. ("TEC") as an official Bollinger Motors dealer. The addition of 20 select TEC sales and service locations expands Bollinger Motors' comme
Company has committed capital in excess of $250 million Fleet customer pipeline includes Yale University, Princeton University, UCLA, Enterprise Fleet Services, DB Schenker and Mobile Road Service Solutions, a AAA provider The Company is also planning to deploy vehicles to Canada with key prospective partners including a major telecom company, which has already tested vehicle telematics with Mullen Mullen's Class 1 EV cargo van with solid-state polymer battery pack with significant improvement to range will be fully certified for production and sale in second half of 2025 Company in current talks to acquire EV OEMs to expand product portfolio for commercial and passenger EVs
BREA, Calif., Oct. 09, 2023 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today the appointment of Marianne McInerney as Chief Strategy Officer. In this key role, McInerney will focus on growth opportunities and drive strategic initiatives for Mullen's commercial, consumer vehicles and governmental affairs. McInerney has been immersed in the automotive and transportation industry for almost two decades during which she has advised multiple OEMs, governmental entities and tier one suppliers. Prior to Mullen, McInerney held key roles at next-generation vehicle OEMs, the U.S. Depa
BREA, Calif., Dec. 09, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today the hiring of Ronald Dixon as General Manager of Government Sales with a focus on U.S. government vehicle procurement programs. Dixon brings 42 years of automotive experience, including over 20 years leading General Motors' Federal Government Fleet Sales Team. Leading all aspects of bidding, contract approvals and price negotiations, Dixon was responsible for selling over 500,000 units to the U.S. federal government over the course of his career. "Bringing on a seasoned government sales e
BREA, Calif., Dec. 08, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today the hiring of Donald Borthwick as its Vice President of Commercial Sales. Borthwick, with over 25 years leading commercial vehicle sales for Ford, will spearhead Mullen's commercial vehicle sales for the U.S. His previous accomplishments with Ford include: Grew west region commercial vehicle sales 18% (2008 – 2021), achieving regional volume and margin leadership annuallyAcquired and developed strategic relationships with key, high-volume accounts across consumer retail, food service and
Agreement appoints Newgate as marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the UK.Newgate will purchase initial units of the I-GO for vehicle demonstrations, marketing and sales opportunities with potential customers.Expected delivery date for the Mullen I-GO samples is Dec. 20, 2022. BREA, Calif., Nov. 09, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today that it has entered into an agreement to appoint Newgate Motor Group, one of Ireland's most recognized dealership groups, as the marketing, sales, distribution and
Dealer Group Agrees to Purchase 500 Vehicles per Year Agreement appoints Newgate as marketing, sales, distribution and servicing agent for the Mullen I-GO in Ireland and the UK. Newgate will purchase initial units of the I-GO for vehicle demonstrations, marketing and sales opportunities with potential customers. Expected delivery date for the Mullen I-GO samples is Dec. 20, 2022. BREA, CA, Nov. 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today that it has entered into an agreement to appoint Newgate Motor Group, one of Ireland's most recognized dealershi
Schwegman, With 35 years of Experience With GM, Will Oversee the Implementation of all Commercial Strategies for Mullen Automotive's Commercial EV Vehicle Division BREA, CA, Oct. 21, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today the hiring of John Schwegman as its chief commercial officer ("CCO") for Mullen's line of commercial vehicles. Prior to joining Mullen, Schwegman spent 35 years of his career at General Motors ("GM"), where he held various executive-level roles in which he led global teams across four continents. At GM, he oversaw the growth of
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