by David Michery, CEO of Mullen provided an update on plans of (NASDAQ: $MULN), which includes potential government contracts and expansion plans into Central America, Mexico, and the Caribbean.
Expanding Horizons in Central America, Mexico, and the Caribbean
Mullen Automotive is setting its sights on global expansion as it engages in discussions with dealer groups in Central America and explores potential partnerships in Mexico and the Caribbean.
These strategic moves represent a significant step toward realizing their goal of extending their reach beyond the confines of the European Union.
Mullen is now in talks with dealer groups in Central America as well as partners in Mexico and the Caribbean
David Michery, CEO
A Step Closer to a Government Contract
In collaboration with the Rapid Defense System (RDS), Mullen Automotive has achieved a crucial milestone in its quest for a government contract.
The RDS team is preparing to submit a joint request to the Customs and Border Protection Regulatory Board, seeking approval for the Mullen 1 van’s substantial transformation status.
Timing for this submission is anticipated no later than November 10th, this pivotal submission aims to pave the way for potential government contracts and further opportunities for Mullen.
Upcoming Fed Fleet conference
Mark your calendars for the week of January 22nd, 2024, as Mullen and RDS (Rapid Defense Systems) gear up to showcase the Mullen One van at the upcoming Fed Fleet Conference.
This event promises to be a platform for Mullen to demonstrate the capabilities and innovations of their electric vehicles. FedFleet is a comprehensive federal fleet management conference, providing training for fleet management and automotive procurement professionals.
This exceptional event fosters a unique educational experience, uniting fleet management experts for several days of intensive training and exclusive opportunities to engage with vendors and preview the latest model year vehicles.
Successful Pilot Programs Across Multiple Industries
In 2023, Mullen Automotive achieved a significant milestone by completing over 20 vehicle pilots across seven diverse industries.
These sectors include universities, airlines, utilities, leasing companies, last-mile delivery services, and municipalities.
The successful completion of these pilots has led to five customers placing orders for over 30 Mullen vehicles.
As the fourth quarter unfolds, Mullen is set to host an additional 45 pilots, with 10 anticipated by year-end with national and regional fleets.
These pilots will focus on Mullen’s Class 1 and Class 3 products, setting the stage for a transition from pilot programs to full-scale deliveries.
Evidence of the interest and demands for Mullen commercial products.
David Michery, CEO
Potential revenues
As Mullen transitions from pilot programs to the collection of receivables and, ultimately, booking revenues. The company anticipates a prosperous year ahead with a strong focus on revenue generation and shareholder value.
We feel that we are on the cusp of being able to transition from Pilots to deliveries and to the collection of receivables which ultimately result in booking revenues.
We’re gonna be going into the new year with revenue, revenue, and revenue.
Hopefully that revenue will be rewarded with the shareholders holding our stock and becoming longs versus shorting our stock.
David Michery, CEO
With a spirit reminiscent of a fierce football game, David stated Mullen is just getting started, deep in the first quarter of what they envision as a transformative four-quarter game.
As a pioneer in Class 1 and Class 3 all-electric vehicles, David believes Mullen is in a position to call the shots.
(Mullen) the only guy with an all electric class 3 that’s out there right now. Everybody else is lightyears behind us. At some point do we become an organization that can transcend a certain segment, I believe the effort is there, the willingness, the determination to persevere and to succeed and to excel are all there
David Michery, CEO
