- MULN delivers initial Class 1 EV cargo vans to two customers: the University of North Carolina and MGT Lease Company
- UNC Charlotte ordered Mullen’s Class 1 EV cargo vans for use across its 1,000-acre campus
- Mullen’s Class 1 is a “perfect entry point for us,” said MGT executive
In the first of many anticipated deliveries, Mullen Automotive (NASDAQ: MULN) announced that its Class 1 EV cargo vans have been delivered to two customers: the University of North Carolina (https://ibn.fm/xMMun) and MGT, a growing commercial vehicle sales and leasing company (https://ibn.fm/AUvfZ). The vehicle orders were fulfilled with the support of the Randy Marion Automotive Group.
“Following our first commercial trade show, the National Truck and Equipment Work Truck Week in Indianapolis, it is exciting to continue our momentum with the Mullen commercial lineup and celebrate our first fleet deliveries,” said John Schwegman, chief commercial officer of Mullen, who noted that the 100%-electric vans are a “fantastic use case for university campus delivery applications.”
UNC Charlotte ordered Mullen’s Class 1 EV cargo vans for use across its 1,000-acre campus, which serves a student population of more than 29,500. The university plans a variety of uses for the vans, including campus delivery and facility services. “UNC Charlotte is committed to helping create a more sustainable environment, including developing and implementing a comprehensive plan designed to reduce carbon emissions,” said T. J. Woods, the university’s transportation, warehouse and logistics manager.
Mullen also delivered four of its Class 1 EV cargo vans to one of its first commercial EV fleet customers, MGT Lease Company. A growing commercial vehicle sales and leasing company, MGT reported annual revenue of more than $70 million in 2022 and is projecting $100 million revenue in 2023. The company specializes in last-mile segments, including package delivery and retail, as well as vocations such as plumbing and electrical.
“Mullen’s Class 1 is a perfect entry point for us,” said MGT managing partner Thomas Gavlik. “The Class 1 segment no longer has internal combustion engine options from the major OEM brands and certainly does not have any Class 1 EV options. One of the biggest opportunities we see is the Class 3 cab-chassis segment, with the potential to upfit and offer unlimited options for commercial customers.”
Mullen CEO and chair David Michery stated that the company looks forward to “the continued adoption of EVs in place of standard ICE vehicles.” He noted that the company is seeing growing interest in its commercial EV offerings. “It’s great to have MGT as one of our first commercial customers,” Michery said. “We look forward to growing our relationship with MGT across our entire platform of commercial EV vehicles.”
Mullen Automotive is a Southern California–based automotive company building the next generation of premium electric vehicles that are affordable and made entirely in the United States. With an end-to-end ecosystem that supports owners from test driving to financing and servicing through a unique hybrid dealership model, customers are supported through every aspect of EV ownership.
For more information about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
About TechMediaWire
TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.
To receive SMS text alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://TechMediaWire.com/disclaimer
TechMediaWire (TMW)
Los Angeles, CA
www.TechMediaWire.com
212.418.1217 Office
Editor@TechMediaWire.com
TechMediaWire is part of IBN.