Curated News
By: NewsRamp Editorial Staff
November 20, 2024

Mullen Automotive (NASDAQ: MULN) Receives New Orders for Mullen ONE Class 1 EV Cargo Van from California Universities

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Source News Release

TLDR

  • Mullen Automotive (NASDAQ: MULN) is securing new orders for its commercial EV cargo van from prestigious universities, gaining an edge in the clean energy vehicle market.
  • Mullen's commercial EVs, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, are designed for efficiency and compliance with stringent environmental standards.
  • The increasing adoption of Mullen's clean energy vehicles by U.S. higher education institutions reflects a commitment to zero-emission goals for sustainability, making tomorrow better than today.
  • Mullen's role in supporting universities' sustainability efforts and enhancing campus operations by providing efficient and environmentally-friendly vehicles is an interesting development.

Impact - Why it Matters

This news matters as it highlights the growing trend of U.S. higher education institutions prioritizing zero-emission goals for sustainability. It also underscores the increasing affordability of clean energy vehicles for commercial fleet customers, which may impact the broader adoption of electric vehicles in the commercial sector.

Summary

Mullen Automotive (NASDAQ: MULN) has received new orders for its Mullen ONE Class 1 commercial EV cargo van from universities in Los Angeles and Berkeley, California, reflecting the increasing adoption of clean energy vehicles by U.S. higher education institutions. The company's CEO, David Michery, emphasized Mullen's role in supporting universities' sustainability efforts and enhancing campus operations. With the $7,500 Federal Tax Credit and state programs, Mullen's commercial EVs are becoming more affordable for commercial fleet customers.

Mullen Automotive Inc. is a Southern California-based automotive company building the next generation of commercial electric vehicles with two U.S.-based vehicle plants. The company's Mullen ONE and Mullen THREE vehicles are designed for efficiency and compliance with stringent environmental standards, aligning with the needs of forward-thinking institutions. With recent expansions in its commercial dealer network and Foreign Trade Zone status approval, Mullen Automotive is poised for further growth.

Source Statement

This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Mullen Automotive (NASDAQ: MULN) Receives New Orders for Mullen ONE Class 1 EV Cargo Van from California Universities

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