GreenCarNewsBreaks Archive - Page 11 of 55

FridayMay 31, 2024 3:16 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Appoints VP over EMEA, Reports First European Orders

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has announced a new position to lead Europe sales efforts. The company has named Alain Van Munster as its new vice president of Europe Middle East and Africa (“EMEA”); Alain has spent more than 25 years in the automotive and fleet industries across Europe, Asia and South America, including serving in positions with Copart and Manheim. The company also reported that its first European orders included 93 vehicles, comprised of 40 all-electric Mullen-GO urban delivery vehicles delivered to GAMA in Serbia and 53 commercial vans and trucks sent to Antidoto SA,…

WednesdayMay 29, 2024 2:22 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Secures $440K Initial Order for Mullen-GO in Europe

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, today announced a new European purchase order (“PO”) for 40 Mullen-GO urban delivery vehicles with Switzerland-based Antidoto SA, a commercial upfitter whose key focus is on-demand food delivery companies. According to the announcement, the initial PO is valued at $440,000 USD. Antidoto SA specializes in the design and sale of pizza ovens for delivery vehicles and installs warming ovens in various types of vehicles. Antidoto SA will initially order 40 Mullen-GO vehicles for 2024 and projects a minimum order of 180 units for 2025 to meet anticipated growing demand for zero…

TuesdayMay 28, 2024 3:17 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Developing Zero-Emissions Version of Its PowerUP Mobile EV-Charging Truck

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is developing a zero-emissions version of its mobile EV-charging solution, PowerUP. The solution will be available on Mullen’s Class 3 all-electric cab chassis truck. According to the announcement, PowerUp provides increased versatility and 100% zero emissions power generation that can deliver on-demand, mobile DC fast-charging. The company noted that the shift to a 100% zero-emission model represents its commitment to sustainable transportation solutions while also meeting overwhelming market demand for zero-emission options in the mobile EV-charging space. First introduced in 2023 as a mobile EV-charging truck, the original model utilized a…

FridayMay 24, 2024 12:40 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces GAMA as First Distributor for the Balkans Region of Southeastern Europe

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced GAMA as a new European distribution partner. GAMA will offer the company’s full commercial EV product lineup in the Balkans Region of southeastern Europe, which includes Bosnia Herzegovina, Serbia, Montenegro, Croatia, Slovenia, Macedonia, Albania, Greece and Bulgaria. GAMA’s initial vehicle order includes 53 commercial EVs, consisting of urban delivery vehicles and commercial vans and trucks. According to the announcement, GAMA has extensive experience with EVs in the Balkan market and has distributed over 300 vehicles in the last year including private and municipal sales. “This is part of…

WednesdayMay 22, 2024 10:50 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN), Bollinger Partner with EnviroCharge to Create Innovative Mobile Charging Solution

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, and Bollinger Motors, a majority-owned company of Mullen, is partnering with EnviroCharge, a provider of convenient and flexible charging solutions, to create an innovative mobile charging solution for electric vehicle fleet owners; the solution enables EV owners to charge their vehicles quickly and easily anytime, anywhere. According to the announcement, Mullen and Bollinger have sold 50 vehicles to EnviroCharge, which will install its mobile, clean-propane-powered charging system on the Bollinger B4 chassis cab, an all-electric Class 4 commercial truck. The agreement between the companies has an estimated deal value of $8,250,000 for…

WednesdayMay 15, 2024 12:36 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Q2 2024 Financial, Business Result; Announces Expansion of Commercial EV Dealer Network

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is reporting on the financial results and business highlights for the three and six months ended March 31, 2024. Key achievements during the quarter include receiving approval from the U.S. Department of Commerce for Foreign Trade Zone status at its Tunica, Mississippi, commercial vehicle manufacturing facility; adding national and regional fleet focus in the Midwest and West Coast and expanding its retail commercial dealer network with the addition of Pritchard EVs and National Auto Fleet Group; and receiving California Air Resource Board’s (“CARB”) HVIP approval for the Mullen THREE, Class 3…

TuesdayMay 14, 2024 2:58 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces $150 Million Financing Commitment Covering Commercial Sales Efforts, Capital Needs for Next 13 Months

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received a $100 million financing commitment from a family office; the company has also sold up to an additional $50 million of senior secured convertible notes to family offices and high net worth investors. According to the announcement, this $150 million capital infusion allows Mullen and Bollinger to operate and expand domestic and international commercial sales efforts as well as meet its capital needs over the next 13 months. This news comes on the heels of several advancements announced by the company, including California Air Resource Board (“CARB”) HVIP approval…

ThursdayMay 09, 2024 11:53 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Mississippi-Based Facility Receives FTZ Status from U.S. Department of Commerce

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has been approved for Foreign Trade Zone (“FTZ”) status with the U.S. Department of Commerce for Mississippi-based commercial vehicle manufacturing and assembly center. According to the announcement, a Foreign Trade Zone is an area within the United States where foreign and domestic merchandise is generally considered to be in international commerce and outside of U.S. customs territory for duty and tariff purposes. The approval means that Mullen qualifies for a variety of benefits, including deferment of payments on duties related to import fees; the company can now match import duty payment…

TuesdayMay 07, 2024 2:15 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) and Bollinger Motors Partner with Amerit Fleet Solutions to Offer Warranty and Mobile Service

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, and its subsidiary, Bollinger Motors, have entered into an agreement with Amerit Fleet Solutions, a leading provider of customized fleet maintenance and repair programs nationwide. The agreement calls for Amerit to provide mobile service and maintenance to Bollinger’s commercial fleet customers. According to the announcement, Bollinger and Amerit will collaborate to provide EV service and warranty support for the Bollinger B4, as well as other vehicles developed by Bollinger. Specifically, Amerit will provide maintenance, repair and warranty services to Bollinger customers located outside of the designated service area of a Bollinger…

TuesdayMay 07, 2024 11:40 am

GreenCarNewsBreaks — Lucid Group Inc. (NASDAQ: LCID) Releases Q1 2024 Financial Report

Lucid Group (NASDAQ: LCID), a company setting new standards for the luxury electric experience with the Lucid Air, America's most awarded new luxury vehicle, is reporting its first quarter 2024 financial results, for the period ended March 31, 2024. Highlights of the report show that the company produced 1,728 vehicles in first quarter, and is on track for annual production of approximately 9,000 vehicles; delivered 1,967 vehicles in Q1, up 39.9% compared to Q1 2023; reached Q1 revenue of $172.7 million; raised $1 billion via private placement to an affiliate of the Public Investment Fund (“PIF”); and has approximately $5.03 billion of total liquidity. “I…

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