NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN)

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NetworkNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces I-GO European Arrival

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that its I-GO(TM) Commercial Urban Delivery EV has arrived in Europe; specifically, sample vehicles are on their way to Ireland-based Newgate Motor Group, with an expected delivery for early next month. Initially, delivery was scheduled for December, but COVID-related shutdown issues caused the delay. According to the announcement, Mullen’s I-GO is an urban commercial delivery vehicle designed to meet the growing demand for quick deliveries in dense cities throughout Europe that have space constraints; the I-GO is EU standard homologated, certified, and ready for sale in initial markets of the United Kingdom, Germany, Spain, France and Ireland. Last month Mullen entered into an agreement to have the Newgate Motor Group become the marketing, sales, distribution and servicing agent for the I-GO in Ireland and the United Kingdom. With more than 40 years of experience in the motor industry, Newgate is well respected in the auto industry and represents several brands including Renault/Dacia, Kia and Mercedes-Benz. Newgate also has substantial relationships in the vehicle distribution business throughout the United Kingdom and various parts of Europe. “The initial I-GO samples have arrived in Europe and are now on their way to Newgate in Ireland,” said Mullen Automotive CEO and chairman David Michery in the press release. “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.”

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