Mullen Automotive Inc. MULN Archives - Page 2 of 28

MondayDec 09, 2024 9:35 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Expands Midwest Reach with Broadway Ford Truck Center Partnership

Mullen Automotive (NASDAQ: MULN) announced that its subsidiary, Bollinger Motors, has partnered with St. Louis-based Broadway Ford Truck Center as an official dealer, enhancing its Midwest presence. Bollinger’s all-electric Class 4 commercial truck, the B4 Chassis Cab, which features a 158-kilowatt-hour battery and fleet-focused design, began deliveries in October. Broadway Ford Truck Center’s President, Dennis Phillips, highlighted the alignment of both companies’ commitments to sustainability and innovation in the commercial vehicle industry. Bollinger has recently achieved key milestones, including regulatory compliance, significant vehicle agreements, and partnerships with multiple dealers and service providers. To view the full press release, visit https://ibn.fm/wG2Jj…

ThursdayNov 21, 2024 9:45 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Highlights American-Made Battery Production at Fullerton Facility

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, provided an update on its Fullerton, California, battery operations, which focus on producing next-generation battery packs and modules domestically. This initiative supports Mullen’s commitment to zero emissions and reducing reliance on imported battery components. CEO and Chairman David Michery emphasized the company’s mission to transition to American-made battery technology as part of its broader sustainability goals. To view the full press release, visit https://ibn.fm/lOH7m About Mullen Automotive Inc. Mullen Automotive is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located…

MondayNov 18, 2024 9:35 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures CARB HVIP Approval for Bollinger B4 EV Truck with Significant Incentives

Mullen Automotive (NASDAQ: MULN) announced that the California Air Resources Board (“CARB”) has approved Bollinger Motors' all-electric Class 4 Bollinger B4 truck for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”). Under HVIP, the Bollinger B4, priced at $158,758, qualifies for up to $60,000 in state vouchers, potentially reducing its cost to under $59,000 when combined with a $40,000 federal tax credit. The Bollinger B4 offers a 185-mile range and a 7,394-pound payload, catering to commercial fleets seeking sustainable and high-performing vehicles. This milestone aligns with Bollinger Motors’ efforts to expand its market presence, bolstered by recent…

FridayNov 15, 2024 9:25 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Partners with National Auto Fleet Group to Deliver Bollinger B4 EV Trucks to Government Fleets

Mullen Automotive (NASDAQ: MULN) announced a partnership with National Auto Fleet Group (“NAFG”) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies via NAFG’s Sourcewell-awarded contract. The Bollinger B4, designed with fleet and upfitter input, offers a 185-mile range, a payload of 7,394 pounds, and a robust chassis protecting its 158-kilowatt-hour battery pack. This collaboration provides Bollinger Motors with a streamlined pathway to secure government contracts, aligning with electrification goals of municipalities and agencies. Recent milestones for Bollinger include regulatory certifications, production launch, and multiple fleet agreements, bolstered by partnerships with key dealers, service centers, and…

ThursdayNov 07, 2024 10:35 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Bollinger’s B4 Truck Qualifies for $100,000 Incentive Under New York’s NYTVIP Program

Mullen Automotive (NASDAQ: MULN) announced that Bollinger Motors has qualified for New York State’s New York Truck Voucher Incentive Program (“NYTVIP”), offering up to a $100,000 voucher for its all-electric B4 Truck. This incentive, provided by NYSERDA, marks the fourth state incentive for Bollinger in the Northeast, adding to similar programs in Massachusetts, New Jersey and Pennsylvania. Alongside a federal tax credit of $40,000 under the Inflation Reduction Act, Bollinger’s B4 Truck is primed to offer substantial financial incentives, bolstering its adoption in commercial fleets. Recent milestones for Bollinger include regulatory certifications, significant fleet orders and partnerships with dealers and…

MondayOct 07, 2024 9:45 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Forecasts $75M in GAAP Revenue Over Next 6 Months, Implements Immediate Measures to Cut Overall Expenses

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to ramp up its commercial sales to a monthly average of $12.5 million. As a result, the company forecasts $75 million in estimated GAAP revenue over the next six months from both Mullen Commercial’s and its subsidiary Bollinger Motors’ sales opportunities and pilot programs. The announcement also noted that the company is taking immediate steps to reduce its overall spend (operating and investing cash flows) from $12.8 million to $7.3 million. The $5.5 million cut is driven by a 20% reduction in headcount, elimination of…

WednesdayOct 02, 2024 10:55 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports 6791% QoQ Revenue Growth, Continued Decrease in Monthly Cash Burn

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced expectations to report a significant revenue increase for the quarter ended September 30, 2024. The company anticipates recording approximately $4.5 million in revenue in the just-ended quarter, compared to $65,235.00 in the previous quarter ended June 30, 2024, a quarter-over-quarter increase of 6791%. According to the announcement, the company’s monthly cash burn for the quarter ended September 30, 2024, is approximately $12.7 million per month, down from $12.8 million for the quarter ended June 30, 2024, and $18.1 million for the quarter ended March 31, 2024. The announcement…

ThursdaySep 26, 2024 12:17 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Receives $3.2M Purchase Order from Papé Trucks for 50 Class 1 and Class 2 EVs

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a new vehicle order valued at $3.2 million. According to the announcement, Papé Trucks, the company’s seventh franchise dealer partner with 30 commercial sales and service locations across the Western U.S., has ordered 43 Class 3 EV trucks and 7 Class 1 EV cargo vans. The order also includes Class 1 and Class 3 parts supply to stock on hand for fast warranty service and repair work. Mullen will begin delivering the vehicles immediately. Papé’s strong reputation for exceptional customer service and vast network across the West…

TuesdaySep 24, 2024 11:15 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Shares Video Update from CEO

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today shared a video update to shareholders provided by CEO and Chairman David Michery. In the video, Michery provides a detailed overview of the company’s recent progress, including sales and distribution expansion and financial performance. According to the update, the company’s sales activities with existing and new companies have resulted in new sales opportunities and vehicle orders received and or completed. Additionally, Mullen has secured financing to support sales growth through a $100 million preferred instrument and a $150 million fully available equity line. The update also highlighted Bollinger Motors’…

WednesdaySep 11, 2024 11:10 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Gains ‘Strong Foothold’ in California’s Central Valley on Newly Named Dealer

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors, has added Affinity Truck Center, a family-owned business founded in 1980, to its retail network. As a result, Affinity, which operates sales locations in Bakersfield and Fresno, California, as well as service locations in Paso Robles and Salinas, California, is now an official Bollinger Motors dealer. Affinity is headquartered in the heart of California’s Central Valley. “The addition of Affinity Truck Center gives Bollinger Motors a strong foothold in California’s Central Valley,” commented Jim Connelly, chief revenue officer of Bollinger. “Affinity has a…

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