Mullen Automotive (NASDAQ: MULN) announced exclusive licensing rights for its new compact urban delivery EV, the I-GO for select European Markets.

This deal includes exclusive sales, distribution, and branding rights for markets including the UK, Germany, Spain, France, and Ireland.

About I-GO™

With an MSRP starting at $11,999 I-GO looks to bridge the growing demand for delivery vehicles small enough for dense cities throughout Europe.

The I-GO is entirely up to EU Standards and offers a range of 124 miles per charge. Designed for dense cities of Europe, I-GO can easily handle the constant stop-and-go while navigating through the narrow urban European streets.

“Essentially, this transaction provides the Company with revenue-generating opportunities and promotes and extends the Company’s brand into other countries while at the same time allowing the Company to remain fully focused on its mission of manufacturing its lineup of electric vehicles in the USA.”

David Michery, CEO of Mullen

Recent Acquisition

Recently, Mullen acquired Electric Last Mile Solutions (ELMS). This acquisition has provided Mullen with a production facility located in Mishawaka, Indiana. With the assumption of land contracts, inventories, technologies, intellectual properties as well as customer and supplier information. This may include the 45,000 non-binding pre-orders for its flagship Urban Delivery Electric Vehicle.

Mullen also acquired a majority stake in Bollinger Motors which adds a portfolio of Class 3 through Class 6 commercial vehicles to its lineup.

With the upcoming Strikingly Different Tour coming up, Mullen looks to make a splash within the EV industry.