Mullen Readies for Commercial Launches and Announces Customer Pricing for Class 1 EV Cargo Vans and Class 3 EV Cab Chassis Trucks

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces customer vehicle pricing for the Mullen ONE, Class 1 EV Cargo Van and Mullen THREE, Class 3 EV Cab Chassis Truck. Mullen THREE, Class 3 Urban Utility EV Cab Chassis TruckStarting MSRP: $68,500Available tax credit: $7,500Vehicle net price: $61,000 (after tax credit)There are also various state incentives, such as the California HVIP program, which offers up to $45,000 incentive for commercial Class 3 products like the Mullen THREE EV Cab Chassis Truck. To-date, 19 EV Cargo vans have been delivered with 20 additional deliveries targeted for May 2023. Recently, a 1,000-unit purchase order, valued at $63M, for Class 3 EV Cab Chassis Trucks from Randy Marion Automotive Group was announced on May 2, 2023. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen Commercial Class 1 and 3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings.