canada africa partner reservation Mullen signs agreement with California and HVIP

Mullen signs agreement with California and HVIP

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NAFG, a Sourcewell contractor, with two awarded contracts (#091521-NAF And #060920-NAF), offers fleet vehicle purchasing to state, local governments and educational institutions with orders and deliveries pending at short notice

Sourcewell is a government agency that has met procurement requirements and has hundreds of contracts requested by competitors ready to go

BREA, California, May 6, 2024 (GLOBE NEWSWIRE) — via IBN– Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces the addition of a California-based commercial dealer, National Auto Fleet Group (“NAFG”). NAFG will offer Mullen’s full line of all-electric commercial vehicles, the Mullen ONE, Class 1 EV truck and the Mullen THREE, Class 3 EV cab chassis truck, which HVIP approved and offers a voucher of up to $45,000 with purchase. NAFG will support national fleet customers through Sourcewell and offer Mullen’s range of commercial vehicles in the following two key market locations in California:

  • Watsonville, CA (Northern California)
  • Alhambra, CA (Southern California)

Founded in 1980, NAFG is based in Northern California and is a leading all-in-one, minority-family owned automotive dealership group specializing in government fleet sales in California and throughout the United States.

As a Sourcewell selected vehicle vendor with two awarded contracts (#091521-NAF And #060920-NAF)NAFG has revolutionized government vehicle purchasing by connecting its national network of manufacturers and installers to meet agency customization needs. Bronwell is a government agency that has completed bidding requirements on behalf of its members and has hundreds of contracts requested by competitors ready to go. NAFG streamlines the purchasing process for government agencies through Sourcewell contracts and their online quoting system with resources to assist public agencies with a variety of fleet purchasing solutions, eliminating the need for lengthy bidding processes.

“Everything you see, smell or touch has once been transported by truck. With Mullen, we offer municipal and government fleets the opportunity to operate more efficiently, with a stronger TCO and zero emissions,” said Clarke Cooper, National Fleet Auto Group. “We believe Mullen’s All Electric line gives municipalities and government fleets the opportunity they need to transition to electricity. Additionally, the fact that these vehicles are assembled in the United States by Americans supports the goals we value when working with public fleets and Sourcewell.”

NAFG will leverage its extensive network and expertise to offer Mullen’s innovative Class 1 and Class 3 commercial EVs to government agencies across the country and simplify the process for public entities looking to transition their fleets to sustainable electric transportation.

NAFG is also an approved California Air Resource Board (“CARB”) HVIP dealer and can provide sales vouchers for the Mullen THREE, Class 3 EV truck. Under HVIP, the 2024 Mullen THREE, with an MSRP of $68,500, is eligible for a cash voucher of up to $45,000. Combined with the available $7,500 federal tax credit, the net effective cost of the Mullen THREE could be less than $17,000. You can find a copy of Mullen’s Class 3 HVIP approval here.

“NAFGs with two contracts awarded by Sourcewell, and their proven track record of serving government agencies and commitment to innovative vehicle solutions, make them the ideal partner to bring our commercial EVs to public fleets across the country,” said David Michery , CEO of Mullen Automotive .

Mullen’s commercial EV range includes the Mullen ONE, Class 1 EV truck and the Mullen THREE, Class 3 EV chassis truck with cab, with both vehicles purpose-built to meet the demands of urban last-mile deliveries. Both vehicles are available for purchase and are fully compliant with U.S. Federal Motor Vehicle Safety Standards, EPA and CARB certifications, making them ideal for public fleets.

About National Auto Fleet Group
National Auto Fleet Group (NAFG) is a minority, family-owned, all-in-one vehicle supplier serving government agencies in the United States. With two generations of experience, we understand the complexities associated with purchasing government vehicles. Our fast, reliable and hassle-free Sourcewell vehicle contracts allow members to find alternatives to the tedious bidding process. Our effective and simple online quoting system provides resources to help government agencies with a variety of fleet purchasing solutions.
Visit for more information www.nationalautofleetgroup.com

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric commercial vehicles (“EVs”) with two U.S.-based vehicle manufacturing plants in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square foot). In August 2023, Mullen started commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits for its commercial vehicles with the 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 truck, and the Mullen THREE, a Class 3 EV chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the US.

For more information about the company, please visit www.MullenUSA.com.

Forward-Looking Statements
Certain 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 in this press release that are not statements of historical fact may be deemed forward-looking statements. Words like ‘continue’, ‘will’, ‘may’, ‘could’, ‘should’, ‘expect’, ‘expect’, ‘plan’, ‘intend’, ‘anticipate’, ‘believe’ , “estimate,” “Forecast,” “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 by the forward-looking statements. Many of these are generally beyond Mullen’s control and difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether the two new dealers will be successful in selling Mullen’s vehicles, what government vouchers and other incentives will be available when buyers purchase vehicles and the resulting final vehicle costs for buyers; and whether NAFG will receive purchase orders for Mullen vehicles from government agencies. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing when necessary in sufficient amounts or on acceptable terms; (ii) Mullen’s ability to maintain existing contracts and enter into additional contracts with manufacturers, parts and other service providers relating to its operations; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate acquisitions of companies, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s operations; (viii) changes in government licensing and regulations that could adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could negatively impact Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied by 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 expects that subsequent events and developments may cause her plans, intentions and expectations to change. Mullen assumes no obligation, and 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 on which 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) 613-1900
www.MullenUSA.com

Corporate communication:
InvestorMerkNetwerk (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

  • National Auto Fleet Group is based in Watsonville, California.

  • Mullen’s Class 3 EV Truck is now HVIP approved for a cash voucher of up to $45,000 at time of purchase