Mullen Announces bizEV Lease Program for Class 1 EV Cargo Vans
02 Agosto 2024 - 8:15AM
via IBN – Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an electric vehicle (“EV”)
manufacturer, today announces a new lease program for the Mullen
ONE, Class 1 EV cargo van. The new lease program, bizEV, is
targeted to well qualified buyers with a focus on individuals,
small businesses and fleets and is available through Mullen
authorized dealers.
BizEV is a turnkey lease program offering customers an
opportunity to transition to EV with a 3-year lease option,
starting at $475 per month plus applicable taxes and fees and
includes scheduled vehicle maintenance.
Mullen is committed to making commercial electric vehicle
ownership a seamless and accessible experience. bizEV is designed
to cater to the diverse needs of small businesses and offers
flexible and affordable options to experience the benefits and cost
savings from Mullen ONE ownership without the barrier of
traditional upfront costs. A turnkey lease program including
comprehensive vehicle maintenance, bizEV offers customers an
opportunity to transition to EV with a 3-year lease option,
starting at $475 per month, plus applicable taxes and fees. bizEV
will be available through Mullen authorized dealerships
nationwide.
The Mullen ONE is a class 1 commercial electric vehicle, the
first of its kind in the U.S. market, purpose-built to meet the
demands of urban last-mile delivery. The EV cargo van is designed
to navigate within narrow urban streets and residential roads, all
while maximizing payload and cargo space, making it ideal for a
variety of commercial applications.
“Small businesses are the backbone of America and we are looking
to remove the barriers typical business owners face when
considering EVs, while making the purchase as affordable and
seamless as possible,” said David Michery, CEO and chairman of
Mullen Automotive. “By offering flexible lease options, we are
making our commercial EVs available for a wider range of customers,
in line with our mission to accelerate the adoption of sustainable
transportation solutions.”
In full compliance with U.S. Federal Motor Vehicle Safety
Standards, the Environmental Protection Agency, and the California
Air Resources Board (“CARB”) certifications denoting strict
adherence to clean air emissions standards, the Mullen ONE is
currently available for sale at an MSRP of $34,500.
Interested customers can order the all-electric Mullen ONE,
Class 1 EV cargo van at MullenUSA.com or through a Mullen
authorized dealership.
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of commercial electric vehicles (“EVs”) with two United
States-based vehicle plants located in Tunica, Mississippi,
(120,000 square feet) and Mishawaka, Indiana (650,000 square feet).
In August 2023, Mullen began commercial vehicle production in
Tunica. In September 2023, Mullen received IRS approval for federal
EV tax credits on its commercial vehicles with a Qualified
Manufacturer designation that offers eligible customers up to
$7,500 per vehicle. As of January 2024, both the Mullen ONE, a
Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis
truck, are California Air Resource Board (“CARB”) and EPA certified
and available for sale in the U.S. Recently, CARB issued HVIP
approval on the Mullen THREE, Class 3 EV truck, providing up to
$45,000 cash voucher at time of vehicle purchase. The Company has
also recently expanded its commercial dealer network with the
addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck
Group, Range Truck Group and Eco Auto, providing sales and service
coverage in key Midwest, West Coast and Pacific Northwest and New
England markets. The Company also recently announced Foreign Trade
Zone (“FTZ”) status approval for its Tunica, Mississippi,
commercial vehicle manufacturing center. FTZ approval provides a
number of benefits, including deferment of duties owed and
elimination of duties on exported vehicles.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking StatementsCertain statements in
this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as “continue,” “will,” “may,” “could,” “should,” “expect,”
“expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,”
“predict,” “potential” and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult to
predict. Examples of such risks and uncertainties include but are
not limited to the future pricing of Mullen vehicles, whether
governmental rebates and other incentives will remain in place, how
long the offered lease pricing and other lease terms for the Mullen
ONE will continue, the duration of the leasing program and whether
it will be a success. Additional factors that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements can be found in the most recent annual
report on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K filed by Mullen with the Securities and
Exchange Commission. Mullen anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Mullen assumes no obligation, and it specifically disclaims
any intention or obligation, to update any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by law. Forward-looking
statements speak only as of the date they are made and should not
be relied upon as representing Mullen’s plans and expectations as
of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
- Mullen’s bizEV Offers Affordable Leasing for Company’s Class 1
EV Cargo Van
Mullen Automotive (NASDAQ:MULN)
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