Written by Cláudio Afonso | [email protected] | LinkedIn | Twitter
Mullen Automotive announced on Tuesday morning an upcoming 19-city national test drive tour for the Mullen FIVE starting in October. As part of its tour, Mullen will make stops across the U.S to provide FIVE reservation holders with the opportunity to test drive and experience the new Mullen FIVE EV Crossover in person.
Over the course of six weeks, starting in October, Mullen will embark on the 19-city test drive tour across the U.S. Mullen will conduct a two-day event in each city for reservation holders to test drive and experience the Mullen FIVE in person. As the test drives will be conducted on closed circuits or racetracks, the event will be limited to a set number of drivers per day.
The tour will start in Mullen’s home base, Southern California, and will cover major U.S. cities including: Los Angeles, San Diego, Las Vegas, Houston, Dallas, Memphis, Miami, Atlanta, Charlotte, Washington, Philadelphia, New York, Boston, Detroit, Chicago, Denver, Seattle, Portland, and San Francisco.
“We’re excited to announce our 19-city U.S. tour for the Mullen FIVE to thank our investors and FIVE reservation holders for their continued support,” said David Michery, CEO and chairman of Mullen Automotive. “We’ve had great response from everyone who had an opportunity to experience the FIVE in person at the 2021 LA Auto Show. Thousands of people across the country will now have the opportunity to test drive the Mullen FIVE on our national tour.”
Mullen asks interested individuals who have not already done so to book their FIVE reservation here in order to secure a spot on the upcoming national tour. Further details and upcoming progress will be shared on Mullen’s social media platforms and with individuals who opt to stay connected here.
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The company announced on Monday the filing of its ATVM loan application for the Mullen ONE EV Cargo Van Program with the U.S. Department of Energy. The application was filed on April 29, 2022. Mullen submitted its prequalification on April 25, and was invited by the Department of Energy to formally submit its loan application on April 29, 2022. Mullen submitted the loan application on April 29 at approximately 1:55 p.m. Pacific time.
Mullen recently teased via Twitter its Van production ahead of the first deliveries in Q2 2022, as announced by Mullen’s CEO on March 30. At the time, David Michery unveiled that a Fortune500 company is going to buy “a lot of these vehicles” with the official press release expected during the next weeks.
Last week, Mullen posted a new job vacancy on Indeed Platform looking for an Investor Relations Associate. The position is based in Brea, California, and the candidate will be responsible for engagement with the investing public, shareholders and financial professionals, the company said.
Mullen reached on April its highest level of Institutional Owners with 58 shareholders owning a total of 1,332,751 shares. Among the largest shareholders there’s: Cutler Group LP, Cetera Advisor Networks LLC, BlackRock Inc., Vanguard Group Inc, Cutler Group LP, Belvedere Trading LLC, and VTSMX.
According to a SEC form filed last week, Mullen‘s CFO Kerri Sadler was gifted a total of 4,000 shares from April 7 to April 22. Previously, on January 18, Sadler had directly acquired 300,000 shares having now a total of 306,174 valued at $425,500 based on the last closing price. The filing reveals that Sadler was gifted with 2,000 shares on April 7, 1,000 two days later and another 1,000 on April 22, 2022.
Recently, also Mullen‘s President of Automotive Division accquired 100,000 shares on April 8. Mullen’s President Calin Popa owns now a total of 159,729 Mullen shares. Popa’s transaction nature was Type A — Grant, award or other under Rule 16b-3(d) and represents a direct ownership.
Recently, the company announced the solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. BIC is focused on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers.
Written by Cláudio Afonso | [email protected] | LinkedIn | Twitter
