After Completion of Successful EV Pilot Program, New York Power Authority Purchases Mullen Cargo Vans
September 21 2023 - 9:20AM
via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer,
announces today the New York Power Authority (“NYPA” or the “Power
Authority”) has purchased Mullen’s Campus Delivery Cargo Vans after
successful completion of an EV pilot program at NYPA’s 16-turbine
hydroelectric facility in northern New York.
The 60-day EV cargo van pilot began on July 6, 2023, and
concluded in early September 2023. As a result, NYPA will
purchase the initial pilot vehicles for fleet operations at its St.
Lawrence-Franklin D. Roosevelt Power Project, NYPA’s first active
power plant, which opened in 1958. The Power Authority is assessing
additional NYPA locations for Mullen’s full lineup of commercial
EVs, including Class 1 EV cargo vans and Class 3 EV cab chassis
trucks.
The Mullen CAMPUS is a highly efficient electric van designed
for low-speed, closed campus use. The fully battery-operated
vehicle (BEV) will be used by the Power Authority for campus
transportation, providing cargo capacity and operator comfort. The
Campus Delivery Van has all the same DNA as the Mullen ONE but was
purpose-built to be an ideal delivery solution for
micro-environments.
The New York Power Authority is the largest state public power
organization in the U.S., operating 16 generating facilities and
more than 1,400 circuit miles of transmission lines. NYPA is at the
forefront of producing and bringing clean, reliable energy to the
state of New York. NYPA’s strategic vision is to create a
thriving, resilient New York State powered by clean energy. NYPA is
leading the transition to a carbon-free, economically vibrant New
York through customer partnerships, innovative energy solutions,
and the responsible supply of affordable clean and reliable
electricity. NYPA’s strategic priorities include preserving and
enhancing the value of NYPA hydropower assets; pioneering a path to
decarbonizing its natural gas plants; being a leading transmission
developer, owner and operator; partnering with customers and the
state to decarbonize energy use; and reimaging the New York state
canals system.
“It’s great to see our EVs enter the Northeast market with the
New York Power Authority, our nation’s largest public utility,
using our delivery utility model for campus transportation. Our EV
cargo van is a perfect fit for large, closed workplace campus
scenarios,” said David Michery, CEO and chairman of Mullen
Automotive.
About New York Power Authority
NYPA is the largest state public power organization in the
nation, operating 16 generating facilities and more than 1,400
circuit miles of transmission lines. More than 80% of the
electricity NYPA produces is clean renewable hydropower. NYPA
finances its operations through the sale of bonds and revenues
earned in large part through sales of electricity.
For more information visit www.nypa.gov.
About Mullen
Mullen 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. 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 Statements
Certain 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 vehicles purchased by New York Power
Authority will be a success or result in any additional vehicle
purchase orders. 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
- NYPA Purchases Mullen Campus EV Cargo Vans for Upstate New York
facility
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