via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an electric vehicle (“EV”) manufacturer, announces
today the addition of California based commercial dealer,
National Auto Fleet Group ("NAFG"). NAFG will offer Mullen’s
full line of all-electric commercial vehicles, the Mullen ONE,
Class 1 EV cargo van and Mullen THREE, Class 3 EV cab chassis
truck, which is HVIP approved and provides up to $45,000 cash
voucher at purchase. NAFG will support national fleet customers via
Sourcewell and offer Mullen’s commercial vehicle lineup in the
following two key market locations in California:
- Watsonville, CA (Northern California)
- Alhambra, CA (Southern California)
NAFG, founded in 1980, is based in Northern California and is a
premier all-in-one, minority family-owned vehicle dealership group
specializing in government fleet sales in California and across the
United States.
As a Sourcewell selected vehicle vendor with two awarded
contracts (#091521-NAF and #060920-NAF), NAFG has revolutionized
government vehicle purchasing by linking its nationwide network of
manufacturers and upfitters to meet agency upfitting needs.
Sourcewell is a government agency that has fulfilled the bidding
requirements on behalf of members and holds hundreds of
competitively solicited contracts ready for use. NAFG streamlines
the purchasing process for government agencies through Sourcewell
contracts and their online quoting system with resources to assist
public agencies with a variety of fleet purchasing solutions,
eliminating the need for lengthy bidding procedures.
“Everything you see, smell or touch was moved by truck at one
time or another. With Mullen we will offer municipal and government
fleets the opportunity to work more efficiently, with a stronger
TCO and with zero emissions,” said Clarke Cooper, National Fleet
Auto Group. “We believe Mullen’s All Electric line provides
municipalities and government fleets with the option they need to
transition to electric. Further, the fact that these vehicles are
assembled in the United States by Americans upholds the goals we
value when we work with public fleets and Sourcewell."
NAFG will leverage its extensive network and expertise to offer
Mullen’s innovative Class 1 and Class 3 commercial EVs to
government agencies nationwide and will simplify the process for
public entities seeking to transition their fleets to sustainable
electric transportation.
NAFG is also an approved California Air Resource Board (“CARB”)
HVIP dealer and will be able to provide point of sale vouchers for
the Mullen THREE, Class 3 EV truck. Under HVIP, the 2024 Mullen
THREE, with a suggested MSRP of $68,500, qualifies for an up to
$45,000 cash voucher. When combined with the available $7,500
federal tax credit, the net effective cost of the Mullen THREE
could be less than $17,000. A copy of Mullen’s Class 3 HVIP
approval can be found here.
“NAFG’s with two Sourcewell awarded contracts, and its proven
track record of serving government agencies and their commitment to
innovative vehicle solutions make them the ideal partner to bring
our commercial EVs to public fleets across the nation,” said David
Michery, CEO of Mullen Automotive.
Mullen’s commercial EV lineup includes the Mullen ONE, Class 1
EV cargo van and Mullen THREE, Class 3 EV cab chassis truck with
both vehicles 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, making them ideal for public fleets.
About National Auto Fleet GroupNational Auto
Fleet Group (NAFG) is a minority family-owned,
all-in-one vehicle vendor that caters to government agencies
across the United States. With two generations of experience, we
understand the complexities involved in government fleet vehicle
purchasing. Our fast, reliable, and hassle-free Sourcewell vehicle
contracts empower members to seek alternatives to the tedious
bidding process. Our effective and simple online quoting system
offers resources to assist public agencies with a variety of fleet
purchasing solutions.To learn more, visit
www.nationalautofleetgroup.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 two new dealerships will be successful
in selling Mullen’s vehicles, what governmental voucher and other
incentives will be in place when purchasers buy vehicles and the
resultant final vehicle costs to purchasers; and whether NAFG will
get purchase orders for Mullen vehicles from government agencies.
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
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
- National Auto Fleet Group is based in Watsonville, Calif.
- Mullen’s Class 3 EV Truck is now HVIP approved for up to
$45,000 cash voucher at time of purchase
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