Mullen Automotive (NASDAQ: MULN) Announces Establishment of Mullen Credit Corporation as Wholly Owned Subsidiary

Mullen Automotive (NASDAQ: MULN) has announced plans to establish Mullen Credit Corporation (MCC) as its wholly owned subsidiary, offering vehicle floor planning and attractive financing options for fleet and small business customers. This move is in response to the company’s rapid growth and projected sales increase for 2025, providing financing flexibility for dealers and customers as Mullen Automotive pursues accelerated growth and expands market share.

Mullen Automotive is a Southern California-based automotive company building the next generation of commercial electric vehicles with two U.S.-based vehicle plants. The company has also received IRS approval for federal EV tax credits and CARB-issued HVIP approval, expanding its commercial dealer network to seven dealers. MCC will play a crucial role in providing financing options for the company's growing dealership network and customers, supporting its expansion and market share growth.