Mullen and Bollinger source 67% and 71% of vehicle components from U.S. suppliers respectivelyBREA, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that current Mullen and Bollinger commercial vehicle inventory are 100% assembled in the USA and are currently exempt from recently announced vehicle and component tariffs. Additionally, Mullen and Bollinger source 67% and 71% of veh ...

In a significant victory for Mullen and other emerging companies who have alleged losses due to stock manipulation, a federal judge denied IMC, Clear Street, and UBS's motion to dismiss the lawsuit, finding Mullen's claims were adequately pled. The litigation will now move forward into full discovery In the Federal Court's decision, received after the close of trading on March 28, 2025, Mullen won on all contested issues BREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NAS ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Mullen Automotive, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Mullen securities between February 3, 2023, and March 13, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by April 14, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Allegations - The lawsuit alleges that Mullen made false and misleading statements regarding its business operations, including the intent to implement a reverse stock split and overstating partnerships and technology capabilities [5]. - Specific allegations include misleading investors about financing agreements and failing to disclose the CEO's knowledge of prior convictions related to financial crimes [5]. - The lawsuit claims that these misrepresentations resulted in investor damages when the true information became public [5].

Company cost cutting initiatives include: • Additional reduction of staff as Company continues to integrate operations.• Further elimination of facilities.• Additional reduction of operating expense burn rate. Mullen continues focus on cell and battery pack developments BREA, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces record GAAP revenue of $3.18 million to date for quarter ...

Company sees 189% increase in second fiscal quarter GAAP revenue compared to entire 2024 fiscal year GAAP revenue Increase shows continued significant positive revenue growth for Company BREA, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces record GAAP revenue of $3.18 million as of March 21, 2025. This quarterly revenue to date represents an 189% increase when compared to $1.1 ...

The Mullen Class 1 to be utilized by Orange County's Waste Management Department Orange County is located just outside of Raleigh-Durham, NC, metro area. The Mullen ONE EV cargo van will be deployed by Orange County’s Solid Waste Management Department, supporting its Climate Action Plan, which aims to transition the county’s fleet to all-electric vehicles Mullen Commercial EVs are now available for purchase on Sourcewell under NAFG’s Sourcewell Contract # 091521-NAF, which offers Class 1-3 electric vehi ...

Mullen Commercial EVs available for purchase on Sourcewell under NAFG's Sourcewell Contract # 091521-NAF which offers Class 1-3 light duty trucks, cars, vans, SUVs, cab chassis, and electric vehicles with related equipment and accessories to U.S. government agencies Approval provides opportunity to satisfy backlog of municipal orders Sourcewell is a government agency that has fulfilled bidding requirements and holds hundreds of competitively solicited contracts ready for use by 50,000 municipalities and rel ...

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Mullen Automotive, Inc. f/k/a Net Element, Inc. (NASDAQ: MULN, NETE) between February 3, 2023 and March 13, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 14, 2025.So what: If you purchased Mulle ...

LOS ANGELES, Feb. 21, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Mullen Automotive, Inc. ("Mullen" or "the Company") (NASDAQ: MULN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 3, 2023, and March 13, 2024, inclusive (the "Class Perio ...

Core Insights - Mullen Automotive has formed a strategic partnership with EO Charging to provide electrification solutions for Bollinger Motors' commercial fleet customers [1][2] - The partnership aims to enhance the transition to electric vehicles (EVs) by offering comprehensive charging infrastructure and support [3][4] Company Overview - Mullen Automotive, Inc. is an electric vehicle manufacturer based in Southern California, with production facilities in Tunica, Mississippi, and Mishawaka, Indiana [6] - Bollinger Motors, founded in 2015, specializes in all-electric commercial vehicles and became a majority-owned subsidiary of Mullen Automotive in September 2022 [5][7] Partnership Details - EO Charging will provide a full charge assurance solution, including charger installation, a complete tech stack, and 24/7 support, ensuring over 99% uptime [2][3] - The partnership will facilitate the deployment of the Bollinger B4 Chassis Cab, an all-electric Class 4 truck designed for commercial use [4][10] Product Information - The Bollinger B4 features a 158-kWh battery pack and is designed with input from fleet operators to ensure safety and capability [4][11] - Production of the Bollinger B4 began on September 16, 2024, with deliveries to customers starting in October 2024 [10][11] Market Position - EO Charging has successfully completed over 50 million charging sessions and has deployed over 100,000 charging units globally [2] - The partnership is expected to support the electrification of commercial fleets, enhancing sustainability and operational efficiency for businesses [4]