Mullen Completes Successful Commercial Drive Event and Showcase at 2023 Government Fleet Expo

BREA, Calif., May 25, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces successful completion of its inaugural participation at the Government Fleet Expo and Conference (“GFX”), the largest annual conference for public fleets in the nation.

The 2023 GFX was held from May 22 – 25 at the Kay Bailey Hutchison Convention Center in Dallas, Texas. Mullen showcased its commercial EVs, the Mullen ONE, all-electric Class 1 Cargo Van, and Mullen THREE, all-electric Class 3 Cab Chassis Truck. Event participants had the opportunity to meet with technology, sales and product marketing team members from Mullen to discuss their fleet needs and sign up for a vehicle demo.

Mullen also had its first commercial drive event at GFX’s Block Party Ride and Drive on May 22. The Block Party was a mix of ride and drives, hands-on overview, and a technology showcase. Participants were able to engage with Mullen’s commercial team and test drive Mullen’s commercial product.

Video footage from the GFX event, including the Mullen THREE EV Cab Chassis Truck in action, can be found on Mullen’s YouTube Channel.

“The expo was a great opportunity to engage with fleet customers and enable them to drive our commercial products. Test drives and pilots are a critical step in the customer evaluation process,” said John Schwegman, Mullen’s chief commercial officer.

“Mullen has already been at several commercial expos and events so far this year with many more lined up over the following months where people have the opportunity to speak with the Mullen team and sign up for a pilot or demo,” said David Michery, CEO and chairman of Mullen Automotive. “Our objective with these events is to provide fleet managers all over the U.S. the ability to check out and test our commercial vehicles firsthand to see the incredible value we offer.”

Mullen Commercial will be showcasing next at the Electric Utility Fleet Managers Conference (“EUFMC”) from June 4 – 7, 2023, in Williamsburg, Virginia. EUFMC is an educational conference attended by representatives of fleets from across the U.S. and Canada that operate, manage and maintain utility equipment. For more information visit mullencommercial.com.

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

To learn more about the Company, visit www.MullenUSA.com.

Forward-Looking Statements
Certain statements 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. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “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 to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to: (i) whether any interest for vehicle orders will result from the Company’s participation at the Government Fleet Expo and Conference (“GFX”); (ii) whether Mullen vehicles will be showcased at the Electric Utility Fleet Managers Conference (“EUFMC”) as expected; (iii) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (iv) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (v) Mullen’s ability to successfully expand in existing markets and enter new markets; (vi) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (vii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (viii) the ability to attract and retain qualified employees and key personnel; (ix) adverse effects of increased competition on Mullen’s business; (x) changes in government licensing and regulation that may adversely affect Mullen’s business; (xi) the risk that changes in consumer behavior could adversely affect Mullen’s business; (xii) Mullen’s ability to protect its intellectual property; and (xiii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in 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 cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it 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

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