Mullen Automotive, an electric vehicle (EV) manufacturer, has provided an update on Volt Mobility’s recent $210 million order from the United Arab Emirates (UAE) for Class 1 and Class 3 EVs. This week, Mullen’s technical and sales teams arrived in Dubai to meet with Volt Mobility leadership and support the initial market launch. The first deliveries, which include Mullen ONE EV cargo vans and Mullen THREE cab chassis trucks, are scheduled for September 18, 2024.
Earlier, Mullen announced Volt’s order for 300 all-electric commercial vehicles to be delivered in 2024, with an additional 3,000 vehicles planned for 2025. To support Volt Mobility’s fleet operations, Mullen will also establish a parts and service network. “The UAE is a crucial market for us, and we made sure to send our team to Dubai to ensure a smooth and successful launch,” said David Michery, CEO and chairman of Mullen Automotive.
Volt Mobility, based in the UAE, operates in the Gulf Cooperation Council (GCC) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. The company provides vehicle transport and leasing services in the region.
Mullen Automotive, in collaboration with VoltiE Group, a U.S.-based EV charging infrastructure company headquartered in Miami, is supplying EV vehicles and charging equipment to Volt Mobility. Volt offers both electric and gas-powered commercial vehicles and charging services throughout the Middle East.
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica.
In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. The CARB-issued HVIP approval on the Mullen THREE, Class 3 EV truck, provides up to a $45,000 cash voucher at time of vehicle purchase.
The Company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Eco Auto, providing sales and service coverage in key Midwest, West Coast and Pacific Northwest and New England markets. The Company also recently announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.
