Tag: Mullen Automotive (Page 2 of 15)

Mullen Just Sold A New Batch of Its EVs to NYPA

Mullen Automotive (NASDAQ:MULN) 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.

Other Mullen Automotive News Today

Market News Today - Mullen Just Sold A New Batch of Its EVs to NYPA.
Market News Today – Mullen Just Sold A New Batch of Its EVs to NYPA.

Mullen Automotive 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 Automotive News Today.
Mullen Automotive News Today.

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.”

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Market News Today - Mullen Just Sold A New Batch of Its EVs to NYPA.
Market News Today – Mullen Just Sold A New Batch of Its EVs to NYPA.

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Mullen CEO Teases At A Big Week in New Message

Market News Today - Mullen CEO Teases At A Big Week in New Message.
Market News Today – Mullen CEO Teases At A Big Week in New Message.

Mullen Automotive (NASDAQ:MULN) CEO has teased at a big week in a new message seen on Twitter.

The Company recently announced it has received approval from the IRS, receiving its “qualified manufacturer” designation enabling qualification for commercial EV federal tax credits of up to $7,500 per qualified vehicle with gross vehicle weight ratings (GVWRs) of under 14,000 pounds.

“The company is pleased to announce that both the Mullen ONE, a Class 1 EV Cargo Van, and the Mullen THREE, a Class 3 EV Cab Chassis Truck, are now approved for EV federal tax credits of up to $7,500 per qualified vehicle.

Additionally, according to the relevant IRS regulation, vehicles with gross vehicle weight ratings (GVWR) of over 14,000 pounds can qualify for $40,000 federal EV tax credits.

Mullen received this designation on Sept. 14, 2023, as a “Qualified Manufacturer” as defined in § 30D(d)(3) of the Internal Revenue Code.”

“Total cost of ownership is critically important to commercial customers. Tax credits such as these, along with lower fuel and maintenance costs, show a clear advantage for Mullen’s commercial offerings compared to traditional internal combustion vehicles,” said John Schwegman, chief commercial officer of Mullen Automotive.

“This is part of fulfilling our commitment to customers. This presents a great opportunity to purchase a commercial vehicle while optimizing all available federal incentives,” said David Michery, CEO and chairman of Mullen Automotive.

“Next week is, is the week. Good stuff,” said the CEO in a message according to screenshots shared on Twitter.

Market News Today – Mullen CEO Teases At A Big Week in New Message.

MULN stock fell -2.3% on Tuesday’s development announcement. Mullen Automotive is currently down more than -99%.

Will Mullen Automotive surprise everyone? I’d love to hear your thoughts on this.

Leave a comment down below.

Also Read: Mullen Launches New Tech For Its Vehicles

Market News Published Daily 📰

Market News Today - Mullen CEO Teases At A Big Week in New Message.
Market News Today – Mullen CEO Teases At A Big Week in New Message.

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Mullen Launches New Tech For Its Vehicles

Market News Today - Mullen Launches New Tech For Its Vehicles.
Market News Today – Mullen Launches New Tech For Its Vehicles.

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

Market News Today - Mullen Launches New Tech For Its Vehicles.
Market News Today – Mullen Launches New Tech For Its Vehicles.

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.

Market News Published Daily 📰

Market News Today - Mullen Launches New Tech For Its Vehicles.
Market News Today – Mullen Launches New Tech For Its Vehicles.

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Is Something Big Coming From Mullen Automotive?

Market News Today - Is Something Big Coming From Mullen Automotive?
Market News Today – Is Something Big Coming From Mullen Automotive?

Is something big coming from Mullen Automotive (NASDAQ:MULN)? Shares of the EV company soared past +20% on Thursday leading investors to believe the company is buying more stock.

Average volume has now risen to more than 276 million beating AMC Entertainment (11 million avg.) and GameStop (2.8 million avg.).

Mullen Automotive announced on Thursday that it has added new stops to its ‘Strikingly Different’ EV Tour.

“The 2023 “Strikingly Different” tour kicked off late summer on Aug. 20, 2023, in Austin, Texas, and will run until November 2023. This year’s tour will cover the South, East Coast, Midwest, and West Coast before finishing up in California. All locations and details on how to register can be accessed here.

All locations for the 2023 tour include:

August 2023
Austin, Texas – Aug. 20 & 21 at Circuit of Americas (Completed)
New Orleans, Louisiana – Aug. 29 & 30 at NOLA Motorsports Park (Completed)

September 2023
Charlotte, North Carolina – Sept. 13 & 14 at Charlotte Motor Speedway
Washington, D.C., and Philadelphia, Pennsylvania – Sept. 18 & 19 at Dover Motor Speedway
New York City, New York – Sept. 22 & 23 at Citi Field (Just Added)
Boston, Massachusetts – Sept. 26 & 27 at New Hampshire Motor Speedway (Just Added)

October 2023
Detroit, Michigan – Oct. 3 & 4 at M1 Concourse (Just Added)
Denver, Colorado – Oct. 10 & 11 at Empower Field (Just Added)
Salt Lake City, Utah – Oct. 17 & 18 at Utah Motorsports Campus (Just Added)
Sonoma, California – Oct. 23 & 24 at Sonoma Motor Speedway (Just Added)

November 2023
Las Vegas, Nevada – Oct. 31 & Nov. 1 at Las Vegas Motor Speedway
Phoenix, Arizona – Nov. 6 & 7 at Podium Club (Just Added)
Los Angeles, California – Nov. 2023 TBD

“We’re proud to announce additional locations across the U.S. for our ‘Strikingly Different’ U.S. EV tour. More locations equal more opportunity for the public to come out and see our EVs and interact with our team,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen Now Becomes An Approved Vendor For British Airways

Market News Today - Is Something Big Coming From Mullen Automotive?
Market News Today – Is Something Big Coming From Mullen Automotive?

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.

Will the company prevail? Is something big coming from Mullen Automotive?

Market News Published Daily 📰

Market News Today - Is Something Big Coming From Mullen Automotive?
Market News Today – Is Something Big Coming From Mullen Automotive?

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Become a Sponsor for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
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