24/7 MN – (NASDAQ: MULN) Mullen Automotive, Inc. shares are up more than 15% this morning on news of a purchase order for 600 Electric cargo vans over the next two years.

Traders love this stock and its up 16% in pre-market trading on more than 19,600 trades and 15 million in volume. Shares are $1.37 as of this post

[mstock id=”73007″ asset=”muln”]

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

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

https://www.globenewswire.com/news-release/2022/07/11/2477218/0/en/Mullen-Automotive-Signs-Binding-Agreement-with-DelPack-Logistics-LLC-an-Amazon-Delivery-Services-Partner-for-Class-1-2-EV-Cargo-Vans.html

BREA, Calif., July 11, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today 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 cargo vans over the next 18 months.

Conditions to the binding agreement between Mullen and DPL include the following:

  • DPL will place a purchase order for up to 600 Mullen Class 2 Electric Cargo Vans over the next 18 months
  • The 600 Class 2 EV Cargo Vans will be fully homologated for the United States
  • The first 300 fully homologated for the United States Mullen Class 2 EV Cargo Vans can be delivered to DPL by Nov. 30, 2022, at the request of DPL
  • All Mullen Class 2 Electric Cargo Vans will be equipped with all airbags as required by United States standards and a cabin comfort package, including adjustable seats, cup holders, an infotainment system, and comfortable passenger seat. In addition, the Mullen Class 2 Electric Cargo Vans will carry a minimum of an 80 kilowatt per hour battery pack.

“This agreement is a milestone for Mullen Automotive,” said David Michery, CEO and chairman of Mullen Automotive. “DelPack is a leader in last mile package delivery and this agreement puts our Class 1 cargo van program front and center for last mile delivery opportunities.”

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