Mullen Automotive (NASDAQ:MULN) is now accepting Mullen Five reservations.
You can now reserve your Mullen Five with a $100 refundable deposit.
“By placing this reservation, you’ve secured your spot in line and will be one of the first to own the all-new Mullen FIVE Electric-SUV Crossover.
When the vehicle is ready for production, you will have an opportunity to place an order before the Mullen FIVE is made available the mass market.”
The Mullen FIVE is available at a starting price of $55,000, final pricing will be confirmed based on vehicle customization and homologation.
Production of the Mullen Five is scheduled to begin in the fourth quarter of 2023, per Mullen’s official announcement.
Once the FIVE goes into full-scale production, buyers will be contacted by a Mullen representative with a more definite delivery date, currently estimated to be in the second quarter of 2024.
Mullen Automotive will be building the new vehicle at their Tunica, MS factory and will be delivering vehicles to the closest Mullen Lounge Point for customer pick up.
The company will arrange to ship vehicles directly to customers if ordered online.
This is a very positive development for the company today.
MULN stock is currently up more than +5% on Friday.
Other MULN Stock News
Mullen Automotive is currently testing new technology in Washington, D.C.
Earlier this week, Mullen announced that it is working on its $680,000 federal contract agreement with the District of Columbia.
The contract is for the purchase and installation of Energy Management Module units on Chevrolet Bolts within the D.C. city government’s vehicle fleet.
Previous testing indicates that Energy Management Module (“EMM”) technology substantially increases the driving range and efficiency of any current EV battery.
In March 2021, Element Materials Technology conducted specific vehicle testing on 2020 Chevy Bolts installed with EMM units with test results being a calculated increase in range from 269 to 431 miles, which is a 60% increase in efficiency.
“We have tested EMM technology in various vehicle applications and have repeatedly seen significant improvements in range.
I am extremely pleased to partner with Mullen for the commercialization and global availability of the EMM technology,” said Lawrence Hardge, CEO of Global EVT.
“Back in the nation’s capital today at DC Public Works’ Fleet facility. 40 high-usage Chevy Bolts belonging to the city of DC are going through our Energy Management Module (EMM) installation process:
Dyno testing > EMM install > Road test > Dyno retest > Back into service fleet,” said the company on Twitter.
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