Mullen Automotive Signs Binding Agreement with DelPack Logistics, LLC, an Amazon Delivery Services Partner, for Class 1 and 2 Cargo Vans

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Mullen Automotive, Inc.

DelPack Logistics, LLC will place an order for up to 600 Mullen Class 2 electric vans over the next 18 months

DelPack Logistics LLC is an Amazon Delivery Service Partner

DelPack will place a purchase order for up to 600 Mullen Class 2 Electric Cargo Vans over the next 18 months.

DelPack will place a purchase order for up to 600 Mullen Class 2 Electric Cargo Vans over the next 18 months.

BREA, Calif., July 11, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc.. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces that it has signed a binding agreement with DelPack Logistics, LLC (“DPL”), an Amazon delivery service partner, for DPL to purchase up to 600 Mullen Class 2 EV vans over the next 18 months.

The terms of the binding agreement between Mullen and DPL include the following:

  • DPL will place a purchase order for up to 600 Mullen Class 2 electric utility vans over the next 18 months

  • The 600 Class 2 EV Cargo Vans will be fully homologated for the United States

  • First 300 fully licensed for US Mullen Class 2 EV Cargo Vans can be delivered to DPL by November 30, 2022, at DPL’s request

  • All Mullen Class 2 electric cargo vans will be equipped with all airbags required by US standards and a cabin comfort package, including adjustable seats, cupholders, an infotainment system and a comfortable passenger seat. Additionally, Mullen Class 2 electric utility vans will carry at least an 80-kilowatt-per-hour battery.

“This agreement is an important milestone for Mullen Automotive,” said David Michery, CEO and President of Mullen Automotive. “DelPack is a leader in last-mile package delivery and this agreement puts our Class 1 van program at the center of last-mile delivery opportunities.”

“Delpack is thrilled to have the opportunity to take part and participate in a global green and sustainable initiative,” said Eugene Goldberg, DelPack Partner, Logistics, LLC.

About DelPack Logistics
DelPack Logistics LLC is an Amazon delivery service partner. Our priority is to bring smiles to Amazon customers while consistently exceeding expectations and providing a safe, well-paying work environment for our valued employees.

About Mullen
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean, scalable energy solutions. Mullen has evolved over the past decade in step with consumer and technology trends. Today, the company works diligently to provide exciting electric vehicle options built entirely in the USA and designed to fit perfectly into the life of the American consumer. Mullen is working to make electric vehicles more accessible than ever by creating an end-to-end ecosystem that supports all aspects of electric vehicle ownership.

Forward-looking statements
Certain statements contained 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. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as ‘continue’, ‘will’, ‘may’, ‘could’, ‘should’, ‘expects’, ‘expects’, ‘plans’, ‘intends’, “anticipates”, “believes”, “estimates”, “predicts”, “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 will differ materially from those expressed or implied by forward-looking statements, many of which are generally beyond Mullen’s control and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether whether DPL’s contemplated purchase order will materialize, whether Mullen will be able to meet its deadlines and other obligations under the agreement, and whether the referenced purchase contract will be beneficial to Mullen. and uncertainties include, but not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in a sufficient amount or on acceptable terms if needed; (ii) Mullen’s ability to maintain and obtain additional contracts with manufacturers, parts suppliers and other service providers related to its business; (iii) Mullen’s ability to successfully expand into existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unforeseen operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) the adverse effects of increased competition on Mullen’s business; (viii) changes in government licenses and regulations that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industrial and general business and economic conditions. Other 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 anticipates that subsequent events and developments may alter his plans, intentions and expectations. Mullen undertakes 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 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

Contact wire service:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]

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