Written by Cláudio Afonso | info@claudio-afonso.com
CarBuzz, world’s premier car-related news site and app with over 9 million monthly visits, highlighted Mullen’s FIVE Model saying that the model is luxury crossover in the fullest sense of the word luxury. The publication says that “the California-based company will be joining Tesla, Rivian, and Lucid as real American competition to legacy automakers as the EV market grows.” CarBuzz also enhanced that the model is “designed and engineered in the U.S. and set to be built here in the U.S. as well”.
“The Five’s visual design comes from Andreas Thurner, most well-known for bringing the exterior of the 2009 Rolls-Royce Ghost to life, and his small dedicated team. Responsibility for engineering falls to Marian Petrelecan, a vastly experienced engineer that has most notably brought products from concept to production with BMW and Chrysler. The vision for the Mullen Five comes from David Michery, a business executive and passionate car enthusiast that bought Mullen in 2014.” — Ian from CarBuzz added.
The CarBuzz article featured interviews with Michery and Vice President-Mechanical Systems Marian Petrelecan and covers a number of topics, including Mullen’s financial model, partnerships, market strategy and more. The full article on Mullen Automotive is available to read here.
I had a great discussion with Ian from CarBuzz about our EVs and plans for the future. I’m delighted that leading automotive publications like CarBuzz are covering Mullen and providing readers with an opportunity to learn more about us.
David Michery, CEO and chairman of Mullen Automotive
During the last days, Mullen Automotive posted 12 new job vacancies on Indeed, the worldwide employment website. From the jobs posted, the company seeks for a Homolation Engineer that must “understand full regulatory requirements for North America, Europe and other regions per potential target markets”. The company is now also looking for a Director of Advanced Drive Assist Systems (ADAS), a Plant Buyer, two Lead Packaging Engineers, a Director of Purchasing, a Director of Vehicle Integration, a Director of Vehicle Network Architecture, a Production Supervisor, a Training Coordinator, a Environmental Health and Safety Manager and a Warehouse Manager.
Among the main tasks, the Homologation Engineer will:
- Understand full regulatory requirements for North America, Europe and other regions per potential target markets;
- Collaborate with multi-functional teams to ensure compliance to regulatory requirements and automotive standards, including but limited to F/CMVSS, Mexico, EU, SAE, ISO, ANSI, etc.;
- Be knowledgeable with standards and certifications;
- Work directly with third party test facilities or similar organization to define product test plans to verify products meet all requirements;
- Serve as subject matter expert for test standards and test protocols;
- Coordinate / support test properties (vehicles/components) needed for each test case defined for the program success;
- Review test data results and interpret the data with respect to performance against applicable specifications. If test does not meet expected results, make specific recommendations for product improvement back to engineering team;
- Acquire and maintain a library of applicable test standards;
Check the fully detailed job vacancy here and all the jobs available for the company here.
Last Friday (March 10th), EV posted an exclusive article reporting that Acuitas Group Holding had bought 18 Million shares of Mullen Automotive, reaching a 10% ownership on the EV maker. At the time, Mullen shares were trading at .99$ but quickly skyrocketed to positive territory having reached $1.45. The stock closed the session at $1.35, up 26.17% on the day and was the second most traded on the last session with 251.51M shares traded.
According to the SC 13G/A form with the SEC on March 10th, Peizer Terren S (Founder and CEO of Acuitas Group Holding) added 18 Million Mullen Automotive shares, increasing its ownership up to 9.99%. On the previous filing from January 25th, Peizer Terren S had reported owning 11,363,838 shares, indicating an increase of 158.40%. Check SEC’s filing here.
Acuitas Group Holdings is a personal holding company for portfolio companies, public company investments, private equity investments, and venture capital. Also Esousa Holdings LLC filed a SEC form on March 10th disclosing 9.99% ownership on the EV maker after buying 19,827,486 shares.
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.
Written by Cláudio Afonso | info@claudio-afonso.com