NetworkNewsBreaks – Mullen Automotive Inc. (NASD
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Posted On: 09/04/2024 4:48:46 PM
NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Completes First Shipment of Vehicles Purchased by Volt Mobility through $210M PO
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, announced the initial shipment of vehicles to fulfill a $210 million purchase contract with Volt Mobility, which is based in the United Arab Emirates (“UAE”). Volt has purchased 3,000 Mullen Class 1 and Class 3 EV cargo vans and trucks to be delivered over a 16-month period. The initial shipment of vehicles represents the first phase of the multivehicle agreement between Mullen and Volt Mobility. Volt plans to lease these vehicles to its corporate customers in the region, including UPS, DHL and FedEx.
“We’re happy to announce we have shipped the first vehicles under our contract with Volt,” said Mullen Automotive CEO and chair David Michery in the press release. “Our team from Mullen will meet the vehicles in Dubai to support the launch with Volt. Following our expansion in Europe, this partnership marks another major milestone as we continue to grow our commercial EV business globally and deliver sustainable transportation solutions to customers worldwide.”
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, announced the initial shipment of vehicles to fulfill a $210 million purchase contract with Volt Mobility, which is based in the United Arab Emirates (“UAE”). Volt has purchased 3,000 Mullen Class 1 and Class 3 EV cargo vans and trucks to be delivered over a 16-month period. The initial shipment of vehicles represents the first phase of the multivehicle agreement between Mullen and Volt Mobility. Volt plans to lease these vehicles to its corporate customers in the region, including UPS, DHL and FedEx.
“We’re happy to announce we have shipped the first vehicles under our contract with Volt,” said Mullen Automotive CEO and chair David Michery in the press release. “Our team from Mullen will meet the vehicles in Dubai to support the launch with Volt. Following our expansion in Europe, this partnership marks another major milestone as we continue to grow our commercial EV business globally and deliver sustainable transportation solutions to customers worldwide.”
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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