Mullen Automotive (NASDAQ:MULN) announced on Monday the launch of new AI tech for its vehicles.
Shares of the company fell more than -11% despite the positive development.
Today the company announces the launch of Commercial Pulse, an advanced telematics solution for customers providing a complete solution for vehicle diagnostics and fleet optimization.
“Mullen’s Commercial Pulse is an advanced telematics AI system providing drivers and fleet companies a connected fleet of vehicles with maintenance alerts, real-time vehicle location, driver safety, battery state of charge, metrics, and more.
The end-user dashboard features asset and trip management, electric vehicle and driver performance, geofencing, and reporting.
Commercial Pulse is available via two mobile applications – Mullen Commercial Pulse Fleet and Mullen Commercial Pulse Driver – on both iOS and Android platforms.
Mullen Commercial Pulse Fleet provides insights and access, including a variety of management functions like vehicle health, maintenance, battery, and safety/security alerts.
Mullen Commercial Pulse Driver improves driver practice and time management with features like routing assistance, real-time vehicle location, charging station locator, and roadside assistance,” the company said.
“We are excited to introduce Commercial Pulse, a fleet telematics software maximizing uptime and providing the tools and data needed to manage vehicle operations,” said John Schwegman, Mullen’s Chief Commercial Officer. “As we have seen in our early customer pilots and engineering fleet, and by continuously monitoring vehicle performance, our system can detect potential maintenance issues before breakdowns, empowering businesses to streamline operations and enhance efficiencies.”
“In an era where data is all around us, Commercial Pulse provides fleet managers with an easy-to-understand dashboard with information needed to optimize fleets and driver operations,” said David Michery, Mullen’s CEO.
“It’s an exciting time when we can showcase the fleet efficiencies, emissions savings, and energy reduction on our commercial portfolio.”
Other Mullen Automotive News
Mullen Automotive has now become an approved vendor for British Airways, an SEC filing published on Friday shows.
British Airways is the flag carrier of the United Kingdom.
It is headquartered in London, England, near its main hub at Heathrow Airport and is the second largest UK-based carrier, based on fleet size and passengers carried, behind easyJet.
“In April 2023, British Airways began piloting Mullen’s Campus EV cargo van at Los Angeles International Airport (“LAX”).
Subsequently and after the success of the pilot, both LAX and Chicago O’Hare International Airport locations have purchased Campus EV cargo vans in support of BA airport ground operations.
The transactions for both the LAX and ORD closed with the receipt by Mullen of payment from British Airways on August 31, 2023.
On July 12, 2023, BA Engineering entered into a separate Campus EV cargo van pilot agreement for George Bush International Airport in Houston, TX.
IAH is currently pending a purchase decision.
Mullen is now an approved vendor for additional BA airport locations.”
Shares of the company are still down more than -99%.
“We believe the Company and its shareholders have been significantly harmed by certain traders and their brokers and market makers, such as the named Defendants in the lawsuit, that have facilitated this unlawful conduct.
Rest assured, we will use all legal measures at our disposal to stop illegal trading activities and to protect the Company and its shareholders,” said Mullen CEO David Michery.
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