Mullen Announces 1,000-Vehicle Order Received from Randy Marion Automotive Group for Class 3 EV Cab Chassis Trucks

Purchase order for $63 million for the procurement of 1,000 Class 3 EV low cab forward trucks. Class 3 vehicle deliveries commencing in August 2023.

BREA, Calif. , May 02, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces a 1,000-vehicle order for the Mullen THREE, a Class 3 low cab forward ("LCF") EV truck. The order has been placed by the Randy Marion Automotive Group ("RMA"), with deliveries commencing in August 2023. The purchase order is valued at $63 million and is between Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group, and Mullen Automotive.

The Mullen THREE is an efficient Class 3 low cab forward EV truck featuring a tight turning diameter of 38 feet and excellent visibility for superior maneuverability on narrow city streets. This versatile chassis provides a clean top-of-rail for easy upfitting with bodies up to 14 feet long and over 5,800 pounds of payload. In addition, the design of the LCF chassis allows more cargo volume within a given overall length.

"We continue to receive great interest for Mullen's commercial vehicles, especially the Class 3 cab chassis," said Brad Sigmon, Fleet GM and vice president of RMA Fleet Operations.

"Randy Marion continues to set the bar for commercial EV dealerships in the U.S. We are proud to be working alongside RMA in getting Mullen's commercial EVs, starting with our Class 1 and Class 3 EVs, out to our commercial customers," said David Michery, CEO and chairman of Mullen Automotive.

Mullen's commercial EV lineup includes Class 1 cargo vans and Class 3 cab chassis offerings and Bollinger Motors Class 4-6 chassis products. Mullen's commercial vehicle lineup will be manufactured out of the Advanced Manufacturing and Engineering Center ("AMEC"), located just outside Tunica, Mississippi.

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-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.