Mullen Automotive Expands Public Sector Reach With National Auto Fleet Group Partnership
$MULN
Mullen Automotive, Inc. (NASDAQ:MULN) has announced a significant expansion in its market presence through a new partnership with National Auto Fleet Group (NAFG). This collaboration marks a pivotal development for Mullen, as its commercial electric vehicles (EVs), specifically the Mullen ONE and Mullen THREE, are now available for public sector purchasing via NAFG’s Sourcewell contract. This contract simplifies the acquisition process for US government agencies, bypassing traditional, lengthy bidding procedures.
The inclusion of Mullen’s vehicles in the Sourcewell contract, meets the procurement needs of over 50,000 municipalities and educational institutions across North America. This arrangement not only facilitates easier access to Mullen’s EVs but also potentially accelerates the fulfillment of existing backlogs of municipal orders. David Michery, CEO and chairman of Mullen Automotive, emphasized the importance of this partnership, noting that it “streamlines the purchasing process,” which is a major benefit for municipal customers.
Moreover, the Mullen THREE, a Class 3 EV cab chassis truck, is also recognized under the California Air Resource Board (CARB) HVIP program, qualifying for up to a $45,000 cash voucher. This incentive, combined with a $7,500 federal tax credit, positionated the Mullen THREE as an economically attractive option for government and educational institutions.
Mullen’s strategic movements in the commercial EV market are further supported by its growing network of commercial dealers across key US regions, including the West Coast, Midwest and New England.
This network expansion is crucial as it enhances the availability and serviceability of Mullen’s vehicles, thereby supporting broader adoption.
The partnership with NAFG and the inclusion in the Sourcewell contract represent a significant stride in Mullen’s commitment to expanding its footprint in the EV sector. As municipalities continue to seek sustainable and economically viable vehicle options, Mullen’s offerings are likely to see increased demand, which could play a crucial role in the company’s growth trajectory in the coming years.
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