EV maker Mullen Automotive held Tuesday its Annual Meeting at the Nasdaq building in New York where shareholders voted on several proposals including the increase in the aggregate number of authorized shares to 2.25B shares. Mullen’s VP of Marketing confirmed the EV maker is working on the vans and planning to deliver them again to the F500 company in August.
During the Q&A session with the shareholders, MullenVP of Marketing was asked about the locations of the test drive tour and also about the company’s timeline for the deliveries of its first model Mullen FIVE.
“We will do them [late 2022 and early 2023 Test Drives] in private locations like tracks, stadium parking lots, and things like that to allow the customers to drive the vehicles. Those vehicles will be not certified yet [for the public roads].
“Our plan is to start production of the FIVE [model] in 2024 and the vehicles will be available in 2025. So the road-ready vehicles that are certified by the Department of Transportation […] and all the certifications you need will be sometime in that range”.
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When it comes to the announcement of the deal with the Fortune 500 company, Mullen Automotive issued a letter to its shareholders on June 23 enhancing some of the latest updates but also further details about the previously announced deal.
“We haven’t done that yet [the announcement of the deal with the F500 company]. We pick up the vehicles, they went back to California and we retrofit the vehicles with a larger battery pack of 79.2 KwH battery pack based on what the customer expectations and they’re feedback. Our current plan right now is to move those vehicles back in August to the customer.”
Our current plan right now is to move those vehicles back in August to the customerMullen VP of Marketing, July 26, 2022
Check the full presentation of Mullen and the Q&A session below.
At the time, Mullen said it delivered its first EV van under a pilot program “to a telecommunications provider in the Southeastern part of the U.S. on May 12”.
“Mullen delivered its first EV van under a pilot program to a telecommunications provider in the Southeastern part of the U.S. on May 12, 2022. The Company has requested certain van modifications in support of their anticipated use. The van has been picked up and is currently being modified to fit the specs required by the customer in anticipation of a vehicle purchase order, including an upgrade to an 80-kWh battery pack.”
As EV advanced five weeks ago, the company that fulfills every aspect mentioned by Mullen is Lumen Technologies: an American telecommunications company headquartered in the Southeastern (Monroe, Louisiana) and a member of the Fortune 500 company.
Lumen offers communications, network services, security, cloud solutions, voice, and managed services. Its worldwide fiber network infrastructure and complementary capabilities deliver unique competitive advantages to customers in four key areas: Adaptive Networking, Edge Cloud & IT Agility, Connected Security, and Communications & Collaboration.
On July 14, DealPack Logistics LLC removed the statement from its official website where it denied signing of the binding deal, ending what appears to have been a miscommunication between the companies on the announcement of the binding deal.
Earlier in the week, and in response to the statement, Mullen filed the 8-K form confirming its previous press release reaffirming the binding deal which was signed by Eugene Goldberg from DelPack Logistics.