Mullen Announces Princeton University’s Facilities Operations’ Class 3 EV Truck Order for Campus Operations
August 19 2024 - 9:15AM
via IBN – Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an electric vehicle (“EV”)
manufacturer, today announces its sale of the Mullen THREE, Class 3
EV box truck upfit to Princeton University’s (“Princeton”)
facilities operations unit, located in Princeton, New Jersey.
Princeton’s facilities operations has selected the Mullen
THREE to support its campus operations and contribute to its
overall sustainability goals, including reaching zero emissions for
on-campus university service vehicles. The vehicle order is
fulfilled by Mullen’s nationally known EV dealer partner, Pritchard
EV.
Princeton University’s facilities operations
include more than 350 vehicles in fleet – owned and leased cars,
vans, trucks, golf carts and construction vehicles – to transport
people and things on and around campus. In Fall 2023, the
university launched a new fleet of 17 electric buses and charging
facilities as a part of a campus-wide plan to achieve net-zero
carbon emissions by its 300th anniversary in 2046.
Princeton University facilities operations unit, with its
commitment to environmental stewardship, has chosen the Mullen
THREE for its zero emissions operation and overall vehicle
versatility.
“We are proud to work with Princeton in their journey towards a
net-zero carbon emissions campus,” said David Michery, CEO and
chairman of Mullen Automotive. “This purchase marks a significant
milestone for Mullen as we continue to expand our presence in the
higher education sector.”
The all-electric Mullen THREE Class 3 low cab forward EV truck
features a robust payload, a 125-mile range and is purpose-built to
meet the demands of urban last-mile delivery. The Mullen THREE
chassis has a clean, top-of-rail design to support a variety of
upfits for vocational needs; to last-mile delivery, construction,
landscaping, catering and more. The Mullen THREE was recently
qualified for a $15,000 incentive through the State of
Massachusetts MOR-EV program and a $45,000 cash rebate voucher
through the California Hybrid and Zero-Emission Truck and Bus
Voucher Incentive Program (HVIP).
Mullen’s commercial EV lineup also includes the Mullen ONE,
Class 1 EV cargo van. Both Mullen ONE and THREE are available for
sale and 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.
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 a
$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 timing of delivery of the ordered vehicle, whether
any additional vehicles will be ordered by Princeton University or
other schools or agencies and how long local and federal
governmental incentives for electric vehicles will be
available. 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
- Princeton’s First EV Order from Mullen Includes Class 3 EV
Truck with Box and Liftgate Upfit
- Princeton University’s Operations Include More Than 350
Vehicles in Fleet
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