Trending

24/7 MN – (NASDAQ: MULN) Mullen Automotive, Inc. shares are up more than 15% this morning on news of a purchase order for 600 Electric cargo vans over the next two years.

Traders love this stock and its up 16% in pre-market trading on more than 19,600 trades and 15 million in volume. Shares are $1.37 as of this post

Mullen Automotive Signs Binding Agreement with DelPack Logistics, LLC, an Amazon Delivery Services Partner, for Class 1 & 2 EV Cargo Vans

DelPack Logistics, LLC to place an order for up to 600 Mullen Class 2 EV cargo vans over the next 18 months

https://www.globenewswire.com/news-release/2022/07/11/2477218/0/en/Mullen-Automotive-Signs-Binding-Agreement-with-DelPack-Logistics-LLC-an-Amazon-Delivery-Services-Partner-for-Class-1-2-EV-Cargo-Vans.html

BREA, Calif., July 11, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that it has signed a binding agreement with DelPack Logistics, LLC (“DPL”), an Amazon Delivery Service Partner, for DPL to purchase up to 600 Mullen Class 2 EV cargo vans over the next 18 months.

Conditions to the binding agreement between Mullen and DPL include the following:

  • DPL will place a purchase order for up to 600 Mullen Class 2 Electric Cargo Vans over the next 18 months
  • The 600 Class 2 EV Cargo Vans will be fully homologated for the United States
  • The first 300 fully homologated for the United States Mullen Class 2 EV Cargo Vans can be delivered to DPL by Nov. 30, 2022, at the request of DPL
  • All Mullen Class 2 Electric Cargo Vans will be equipped with all airbags as required by United States standards and a cabin comfort package, including adjustable seats, cup holders, an infotainment system, and comfortable passenger seat. In addition, the Mullen Class 2 Electric Cargo Vans will carry a minimum of an 80 kilowatt per hour battery pack.

“This agreement is a milestone for Mullen Automotive,” said David Michery, CEO and chairman of Mullen Automotive. “DelPack is a leader in last mile package delivery and this agreement puts our Class 1 cargo van program front and center for last mile delivery opportunities.”

RelatedNews

Signup today for free and be the first to get notified of breaking news.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SIGN UP FOR OUR NEWSLETTER

Sign up for Breaking Alerts, our newsletter putting timely and updated stock and crypto markets news into your hands.

Add New Playlist