Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network
May 01 2024 - 9:00AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an electric vehicle (“EV”) manufacturer, announces
today the expansion of its U.S. dealer network with the signing of
one of the nation’s largest commercial dealers, Pritchard EV, as a
new franchise partner for Mullen’s commercial EV lineup, covering
regional and national fleet opportunities.
“Pritchard EV is a national leader in the adoption of electric
vehicles with commercial fleets,” said David Michery, chairman and
CEO of Mullen Automotive. “Pritchard understands fleets and is at
the forefront of electrification and infrastructure, and its
commitment to work with customers both domestically and globally to
build best practices is what the industry needs.”
Effective immediately, Pritchard EV will offer Mullen’s
Commercial EV lineup, including the Mullen ONE and Mullen THREE, to
customers in the United States.
“We have full confidence in Pritchard EV and believe this
partnership underscores the expansion of Mullen's dealer network,
enriching accessibility to electric vehicles and service
infrastructure,” said David.
Pritchard EV is committed to providing fleets with access to
sustainable mobility solutions and developing new modes of
distribution that meet fleets where they are. With a network of
partners as well as in-house resources, Pritchard EV is uniquely
positioned to help fleets address major pain points like logistics,
financing and vehicle registration.
“At Pritchard EV, we look to partner with the best manufacturers
in the market,” said Pritchard Companies Chief Operating Officer
Angela Pritchard Spiteri. “Mullen has the reputation of quality
that we look for in an OEM partner. Their lineup is a perfect fit
for our fleet customers across the country, and we’re excited to
introduce them.”
Mullen’s commercial EV lineup includes the Mullen ONE, Class 1
EV cargo van and Mullen THREE, Class 3 EV cab chassis truck. The
all-electric Mullen ONE Class 1 EV cargo van and Mullen THREE Class
3 low cab forward EV truck are both purpose-built to meet the
demands of urban last-mile delivery. Both vehicles are available
for sale and in full compliance with U.S. Federal Motor Vehicle
Safety Standards, EPA and CARB certifications.
Mullen has begun training initiatives with the Pritchard team on
ordering, upfitting and servicing Mullen’s commercial EVs. For
quotes and purchasing questions, email sales@pritchardev.com. View
Pritchard’s inventory of Mullen commercial vehicles at
www.pritchardev.com.
About Pritchard EVPritchard EV is a subsidiary
of Pritchard Companies, a family-owned national automotive
enterprise and provider of Tier 1 fleets, supplying everything from
chassis to upfitting, and registration to logistics. For more
product and services information, visit www.pritchardev.com.
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of commercial electric vehicles (“EVs”) with two United
States-based vehicle plants located in Tunica, Mississippi,
(120,000 square feet) and Mishawaka, Indiana (650,000 square feet).
In August 2023, Mullen began commercial vehicle production in
Tunica. In September 2023, Mullen received IRS approval for federal
EV tax credits on its commercial vehicles with a Qualified
Manufacturer designation that offers eligible customers up to
$7,500 per vehicle. As of January 2024, both the Mullen ONE, a
Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis
truck, are California Air Resource Board (“CARB”) and EPA certified
and available for sale in the U.S.
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 whether the Company’s relationship with Pritchard EV
will prove successful or result in vehicle sales. 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
Pritchard EV641.450.3311www.pritchardev.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
- Pritchard EV is a leading commercial dealer in the US
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