Mullen Signs First US Dealer Partner, Randy Marion Automotive Group, as Company Prepares for 3 Commercial Product Launches in 2023
December 13 2022 - 8:00AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, today announces Randy Marion Automotive (“RMA”) as
the first dealer group partner for Mullen’s commercial EV lineup,
which is set to launch in the U.S. in 2023.
Mullen’s commercial EV lineup includes Class 1-3 cargo van and
cab chassis offerings and Bollinger Motors Class 4-6 chassis
products.
“We are impressed with Mullen Automotive’s EV lineup, their
speed to market and, most notably, their focus on an underserved
commercial market for EV vehicles,” said Randy Marion, CEO and
founder of RMA. “This is especially obvious when you consider what
has taken place in the Class 1 light cargo van category. OEMs have
all exited from the commercial Class 1 van segment, leaving the
door wide open for Mullen’s EV lineup.”
“We are excited to bring on such a tremendous dealer partner
that is so well respected and recognized throughout the commercial
industry,” said David Michery, CEO and chairman of Mullen
Automotive. “Randy and his team recognize the opportunity
with Mullen’s commercial vehicles and are poised to be a critical
partner for us.”
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of electric vehicles (EVs) that will be manufactured in
its two United States-based assembly plants. Mullen's EV
development portfolio includes the Mullen FIVE EV Crossover, Mullen
Commercial Class 1-3 EVs and Bollinger Motors, which features both
the B1 and B2 electric SUV trucks and Class 4-6 commercial
offerings. The Mullen FIVE, the Company's first electric crossover,
is slated for delivery in 2025 and features an award-winning design
and its patented PERSONA technology that utilizes facial
recognition to personalize the driving experience for every
individual. On Sept. 7, 2022, Bollinger Motors became a
majority-owned EV truck company of Mullen Automotive, and on Dec.
1, 2022, Mullen closed on the acquisition of all of Electric Last
Mile Solutions' (“ELMS”) assets, including all IP and a
650,000-square-foot plant in Mishawaka, Indiana.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking StatementsCertain statements in
this press release that 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: (i) whether the commercial product launches
contemplated for 2023 will materialize within the slated timelines;
(ii) whether the Randy Marion dealer relationship will be a
success; (iii) Mullen’s ability (or inability) to obtain additional
financing in sufficient amounts or on acceptable terms when needed;
(iv) Mullen's ability to maintain existing, and secure additional,
contracts with manufacturers, parts and other service providers
relating to its business; (v) Mullen’s ability to successfully
expand in existing markets and enter new markets; (vi) Mullen’s
ability to successfully manage and integrate any acquisitions of
businesses, solutions or technologies; (vii) unanticipated
operating costs, transaction costs and actual or contingent
liabilities; (viii) the ability to attract and retain qualified
employees and key personnel; (ix) adverse effects of increased
competition on Mullen’s business; (x) changes in government
licensing and regulation that may adversely affect Mullen’s
business; (xi) the risk that changes in consumer behavior could
adversely affect Mullen’s business; (xii) Mullen’s ability to
protect its intellectual property; and (xiii) 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)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
- Randy Marion Automotive Group First U.S. Dealer Partner for
Mullen’s Commercial EV Lineup
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