by Mullen Automotive (NASDAQ: MULN) reaches a new 52-week low of $0.25 as it prepares for its upcoming “Strikingly Different” Tour beginning October 27th.
The first destination is the Rose Bowl Stadium located in Pasadena, California. From October 27-28th Mullen will showcase the all-new Mullen FIVE compact sport electric vehicle. With an estimated range of 325 miles and 0-60 mph in 3.2 seconds, Mullen looks to rebound as it showcases its sport utility vehicle with an approachable luxury look available in 6 colors starting at $55,000
Mullen will continue the tour from November 10-11th at the Las Vegas Motor Speedway located in Las Vegas, Nevada. From there Mullen has cities listed for the remainder of 2022 which includes Dallas and Houston in November. Memphis, Miami, Atlanta, and Charlotte in December. The exact dates and locations have not been set. Mullen looks to finalize the remainder of the tour before November 1st.
Furthermore, Mullen recently won the bid to acquire Electric Last Mile Solutions (ELMS, OTC: ELMSQ) for $55M. The acquisition of ELMS will include the production facility located in Mishawaka, Indiana, 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.
Likewise, with the September announcement of the Bollinger Motors acquisition, Mullen is setting itself up to be a competitor within the EV race.
