via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces today that the I-GO™ Commercial Urban
Delivery EV has arrived in Europe with sample vehicles now en route
to Newgate Motor Group in Ireland with expected delivery in early
January 2023. The sample vehicles were initially expected to arrive
at Newgate on Dec. 20, 2022, but delivery was delayed due to COVID
related shutdown issues in China.
The I-GO™ is Mullen’s recently announced urban commercial
delivery vehicle, designed to bridge the gap between the growing
demand for quick deliveries and space constraints in dense cities
throughout Europe. The Mullen I-GO™ is EU standard homologated,
certified, and ready for sale in initial markets of the U.K.,
Germany, Spain, France and Ireland, with the first vehicles going
to Newgate Motor Group based in Navan, Ireland.
“Over the last month, we’ve received a significant uptick in
interest and inquiries on the I-GO EV,” said Jim Ring, general
manager for Newgate Motor Group. “We are definitely excited to
receive the initial sample vehicles and look forward to showcasing
them for our customers firsthand.”
“The initial I-GO samples have arrived in Europe and are now on
their way to Newgate in Ireland,” said David Michery,” CEO and
chairman of Mullen Automotive. “We are excited for sales and
service to get up and running with Newgate. Once established, we
will look further into other opportunities for the European Market.
The I-GO is a great alternative vehicle for delivery in dense metro
European cities. The small size is perfect for maneuverability on
tight euro streets and the zero emissions and lower cost of
ownership is a great combination for our potential commercial
customers.”
In November 2022, Mullen Automotive entered into an agreement to
appoint Newgate Motor Group, one of Ireland’s most recognized
dealership groups, as the marketing, sales, distribution and
servicing agent for the Mullen I-GO™ in Ireland and the United
Kingdom.
Newgate Motor Group has over 40 years of experience in the motor
industry and has built an excellent reputation during that time.
Newgate is well respected in the auto industry and represents
several brands including Renault/Dacia, Kia and Mercedes-Benz. In
addition to being a key retail group in Ireland, Newgate also has
substantial relationships in the vehicle distribution business
throughout the United Kingdom and various parts of Europe. Newgate
Motor Group also represents XBUS and Evetta electric vehicles from
the German-based company Electric Brands.
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
I-GO Commercial Urban Delivery EV, 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.
About Newgate Motor GroupNewgate Motor Group is
an Irish family-owned business and one of Ireland’s most recognized
vehicle retailers. Newgate currently represents several brands,
including Renault passenger cars and commercial vehicles, Dacia,
Kia and Mercedes-Benz. Newgate offers the highest level of service
and expertise, whether customers wish to maintain current vehicles
or are looking to upgrade to a new or used car. We stock the latest
models and a wide variety of used cars, from small to luxury
premium vehicles. We are also authorized to facilitate your vehicle
finance requirements, and we stock the full range of Mercedes-Benz,
Renault, Dacia and Kia genuine parts. Newgate Motor Group boasts a
state-of-the-art facility in Navan, with workshops equipped to
service and maintain Renault, Dacia, Kia and Mercedes vehicles.
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 whether the Sample I-GOs will be delivered to
Newgate within the newly expected time frame; whether the agreement
and relationship with Newgate Motors Group will be a success; and
whether the I-GO will be a success in the European or other
markets. 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)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
- First Mullen I-GO’s Arrive in Europe
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