Mullen Automotive Now Gets Its Vehicles ‘EPA’ Certified

Mullen Automotive (NASDAQ:MULN) announced on Monday that its Class 3 EVs have now been ‘EPA’ certified.

The company stated that the EPA certification is a critical milestone to allow shipping vehicles to customers.

“In addition, the Mullen Class 3 EV Cab Chassis Truck has completed all required testing requirements for Federal Motor Vehicle Safety Standards (“FMVSS”) and compliance.

With EPA certification in-hand and FMVSS compliance, Mullen can now begin shipments of Class 3 EVs for customer deliveries,” the company stated.

Shares of the company are down nearly -4% on Monday.

Mullen previously announced on May 2, 2023, a Class 3 vehicle order with Randy Marion Automotive (“RMA”) for 1,000 all-electric cab chassis trucks valued at $63 million.

On May 11, 2023, it was announced that MGT Lease Company (“MGT”), a national fleet leasing provider, will purchase 250 Class 3 EV cab chassis trucks under a contract valued at $15.7 million.

On Aug. 28, 2023, Mullen also received an order for Class 3 EV trucks from NRTC Automation Group.

“I am extremely proud of this important milestone and, now with EPA certification and FMVSS in-hand, we are planning to begin Class 3 deliveries this week.

Mullen is fully committed to our vision and plan and is focusing in now on deliveries to our customers,” said Mullen CEO and Chairman David Michery.

Also Read: Mullen Launches New Tech For Its Vehicles

Mullen Just Sold A New Batch of Its EVs to NYPA

Market News Today - Mullen Automotive Now Gets Its Vehicles 'EPA' Certified.
Market News Today – Mullen Automotive Now Gets Its Vehicles ‘EPA’ Certified.

Mullen Automotive also just sold a new batch of its EVs to the NYPA after a successful 60-day pilot program.

Shares of the startup EV company rose more than +4% on Thursday following the announcement.

“Today the New York Power Authority (“NYPA” or the “Power Authority”) has purchased Mullen’s Campus Delivery Cargo Vans after successful completion of an EV pilot program at NYPA’s 16-turbine hydroelectric facility in northern New York.

The 60-day EV cargo van pilot began on July  6, 2023, and concluded in early September 2023. 

As a result, NYPA will purchase the initial pilot vehicles for fleet operations at its St. Lawrence-Franklin D. Roosevelt Power Project, NYPA’s first active power plant, which opened in 1958.

The Power Authority is assessing additional NYPA locations for Mullen’s full lineup of commercial EVs, including Class 1 EV cargo vans and Class 3 EV cab chassis trucks,” stated the company in its press release.

“It’s great to see our EVs enter the Northeast market with the New York Power Authority, our nation’s largest public utility, using our delivery utility model for campus transportation.

Our EV cargo van is a perfect fit for large, closed workplace campus scenarios,” said David Michery, CEO and chairman of Mullen Automotive.

The New York Power Authority is the largest state public power organization in the U.S., operating 16 generating facilities and more than 1,400 circuit miles of transmission lines.

NYPA is at the forefront of producing and bringing clean, reliable energy to the state of New York. 

NYPA’s vision is to create a thriving, resilient New York State powered by clean energy and is leading the transition to a carbon-free, economically vibrant New York through customer partnerships, innovative energy solutions, and the responsible supply of affordable clean and reliable electricity.

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Market News Today - Mullen Automotive Now Gets Its Vehicles 'EPA' Certified.
Market News Today – Mullen Automotive Now Gets Its Vehicles ‘EPA’ Certified.

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