Mullen Automotive announced on Thursday a partnership with the Israel-based company Watergen to provide fresh drinking water from the air for in-vehicle consumer and commercial applications.
The technolohy generates a fresh supply of up to 5 liters hot and cold drinking water daily for vehicle occupants directly from the air.
In the recent months, the EV maker has been serving as one of Watergen’s design partners for in-vehicle air-to-water technology and the vehicle testing will begin in the first quarter of 2023.
Steve Elbaz, VP Mobility, Watergen, commented, “The cooperation with Mullen takes us another step towards a cleaner environment and a unique and uncompromising vehicle experience. We are working and will continue to work for a clean future – not just for us but for every person in this world.”
“Our partnership with Watergen has been months in the making and is a very exciting opportunity for both our companies,” said David Michery, CEO and chairman of Mullen Automotive. “Mullen will be the first automotive company to co-develop this technology with Watergen for our entire portfolio of electric vehicles. The opportunities for air-to-water vehicle applications are endless, and Mullen is proud to partner with Watergen on this game-changing technology.”
Last week, the company said that will partner with Team Rosberg Engineering (TRE) from Germany on vehicle chassis and safety development for its first model Mullen FIVE in late 2024 / early 2025.
According to the latest forms filed with the SEC, Vanguard added a total of 11,472,880 shares in the EV startup during the second quarter of the year through four of its Funds.
When the shares bought by its Funds to the 11,637,069 shares added by Vanguard Group it brings the total number of added shares up to 23 million.
Vanguard’s Total Stock Market Index Fund added 7,840,200 Mullen shares ending the quarter holding nearly 8.8 million while Vanguard’s Extended Market Index Fund bought 3,183,904 after reporting only 122,021 as of 31 March 2022.
During Q2 2022, also the world’s largest asset manager BlackRock reported ownership of 7,874,497 shares in the company as of the end of the second quarter, representing an increase in shares of 1,053 percent from Q1 2022.