Mullen Automotive Named as a Top EV Startup to Watch Out for in 2022
January 06 2022 - 8:30AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, is pleased to announce that HotCars has recently
recognized Mullen Automotive for its potential to be a gamechanger
in the EV market. Mullen and its EV crossover, the FIVE, were
ranked No. 2 among the publication’s annual “10 EV Startups to
Watch Out For” honorees for 2022.
“I am delighted that the world is starting to take notice of the
Mullen FIVE and what we have to offer the EV market and beyond. The
debut of our EV crossover, the Mullen FIVE, at the 2021 LA
International Auto Show this past November was a great success and
very well received by everyone. This is just the start for Mullen;
we’re looking forward to showcasing all we have to offer,” said
David Michery, CEO and chairman of Mullen Automotive.
Mullen has recently announced a string of key partnerships with
ARRK, Dürr and DSA Systems for automotive engineering, vehicle
production systems, and Over the Air (OTA) and vehicle system
diagnostics, respectively. The Company expects these strategic
developments to play a crucial role in bringing the FIVE to market
with the latest technology and in the least amount of time. The
Mullen FIVE was also recently selected as the Top SUV as part of
the ZEVA® Awards at the Los Angeles International Show in November
2021.
The FIVE is built on an EV crossover skateboard platform that
offers multiple powertrain configurations and trim levels in a
svelte design that is “Strikingly DifferentTM” and exciting to
experience in person. Learn more about the Mullen FIVE at
MullenUSA.com.
About Mullen
Mullen is a Southern California-based automotive company that
owns and partners with several synergistic businesses working
toward the unified goal of creating clean and scalable energy
solutions. Mullen has evolved over the past decade in sync with
consumers and technology trends. Today, the Company is working
diligently to provide exciting EV options built entirely in the
United States and made to fit perfectly into the American
consumer’s life. Mullen strives to make EVs more accessible than
ever by building an end-to-end ecosystem that takes care of all
aspects of EV ownership.
Forward-Looking Statements
Certain statements in this press release which are not
historical facts are forward-looking statements within the meaning
of Section 27A of the Securities Exchange Act of 1934, as amended.
Any statements contained in this press release that are not
statements of historical fact may be deemed forward-looking
statements. Words such as "continue," "will," "may," "could,"
"should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential" and similar
expressions are intended to identify such forward-looking
statements. All forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements, many of which are generally outside the control
of Mullen and are difficult to predict. Examples of such
risks and uncertainties include, but are not limited to, whether
the Company will achieve its objectives of launching its EV
crossover, the FIVE, within anticipated timelines and, if so, if
the FIVE will be a success; and whether the Company’s partnerships
with ARRK, Dürr and DSA Systems and relating to Over the Air (OTA)
will result in expediting the rollout of the FIVE. Additional
examples of such risks and uncertainties include, but are not
limited to: (i) Mullen’s ability (or inability) to obtain
additional financing in sufficient amounts or on acceptable terms
when needed; (ii) Mullen's ability to maintain existing,
and secure additional, contracts with manufacturers, parts and
other service providers relating to its business;
(iii) Mullen’s ability to successfully expand in existing
markets and enter new markets; (iv) Mullen’s ability to
successfully manage and integrate any acquisitions of businesses,
solutions or technologies; (v) unanticipated operating costs,
transaction costs and actual or contingent liabilities; (vi) the
ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition
on Mullen’s business; (viii) changes in government
licensing and regulation that may adversely
affect Mullen’s business; (ix) the risk that changes in
consumer behavior could adversely affect Mullen’s business;
(x) Mullen’s ability to protect its intellectual property; and
(xi) local, industry and general business and economic conditions.
Additional factors that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements can be found in the most recent annual report on Form
10-K, quarterly reports on Form 10-Q and current reports on Form
8-K filed by Mullen with the Securities and Exchange
Commission. Mullen anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications IBN
(InvestorBrandNetwork) Los Angeles, California
www.InvestorBrandNetwork.com 310.299.1717 Office
Editor@InvestorBrandNetwork.com
- Mullen Automotive named one of Top Ten EV Startups for
2022.
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