Mullen Issues Letter to Shareholders

BREA, Calif., June 15, 2023– via InvestorWire – Mullen Automotive, Inc . (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today provides a business update letter to shareholders. The Company has received $279 million in purchase orders from Randy Marion Automotive Group for Mullen Class 1 and Class 3 EV vans and trucks. 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. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements.