Mullen Automotive Provides 2023 Financial Results and Current Business Update

January 17, 2024

Production of Mullen Class 3 (“Mullen THREE”) vehicles began in August 2023, and Class 1 (“Mullen ONE”) vehicle production began in November 2023; the Company now has two distinct vehicle production lines running in its Tunica, Mississippi-based plant. In May 2023, Mullen announced a partnership with Amerit Fleet Solutions to support national service, parts and warranty for commercial vehicles. Mullen Class 1 and 3 Commercial VehiclesThe Company has received $263 million in purchase orders for Mullen Class 1 and Class 3 EV vans and trucks from Randy Marion Automotive Group. Production of the Mullen Class 3 vehicle began in August 2023 and Class 1 vehicle production began in November 2023. Financial Results – Twelve Months Ended Sept. 30, 2023Following is a summary of key financial results for the twelve-months ended Sept. 30, 2023, and 2022.

The source of this news is from Mullen Automotive