Mullen Automotive Delivers 50 EV Cargo Vans to Randy Marion Automotive Group, Issuing $1.68 Million Invoice

BREA, Calif. — Mullen Automotive, Inc. MULN, a burgeoning player in the electric vehicle (EV) sector, has reached a significant milestone with the delivery of 50 all-electric cargo vans, known as Mullen ONEs, to the Randy Marion Automotive Group (RMA). This delivery signifies a substantial transaction for Mullen, with the invoicing of these Class 1 EV cargo vans amounting to $1,680,000. This event underscores the company’s active participation in the increasing transition towards sustainable transportation solutions.

Mullen's EV Expansion

Mullen's journey into the electric vehicle market is gaining traction with their provision of the Mullen ONE, a vehicle designed to meet the demands of commercial transportation with its all-electric mechanism. The successful delivery of these 50 units to RMA is a testament to both the company’s capability to fulfill industry needs and to the potential growth of electric commercial vehicles. Following this delivery, Mullen has raised invoices to RMA, positioning the company favorably in the financial landscape of the EV manufacturing sector.

RMA's Sustainable Fleet Growth

Randy Marion Automotive Group, a recognized name in automotive retailing, has shown a commitment to integrative technology by embracing the acquisition of Mullen's electric cargo vans. This decision by RMA represents a strategic move to enhance its fleet with environmentally friendly and efficient EVs, being part of the growing trend of businesses investing in green technology.

Market Reaction and MULN Stock

Occurrences such as this delivery and subsequent invoicing can influence market perception and the performance of a company’s stock. As such, stakeholders and investors in the EV space are watching Mullen closely, with the ticker MULN subject to fluctuation based on the company’s operational achievements and its potential to capitalize on the expanding market for electric vehicles.

delivery, invoice, sustainability