Mullen Announces bizEV Lease Program for Class 1 EV Cargo Vans

Core Insights - Mullen Automotive has launched a new lease program called bizEV for its Mullen ONE Class 1 EV cargo van, aimed at individuals, small businesses, and fleets [1][3] - The lease program offers a 3-year option starting at $475 per month, which includes scheduled vehicle maintenance [2][3] - The Mullen ONE is designed for urban last-mile delivery, maximizing payload and cargo space while navigating narrow streets [4] Company Overview - Mullen Automotive is based in Southern California and focuses on building the next generation of commercial electric vehicles, with manufacturing plants in Tunica, Mississippi, and Mishawaka, Indiana [7] - The company began commercial vehicle production in Tunica in August 2023 and has received IRS approval for federal EV tax credits, offering eligible customers up to $7,500 per vehicle [7] - Mullen has expanded its commercial dealer network and received Foreign Trade Zone status for its manufacturing center, providing various benefits [7] Market Positioning - The bizEV program aims to make electric vehicle ownership more accessible and affordable for small businesses, removing traditional barriers to entry [3][5] - The Mullen ONE is priced at an MSRP of $34,500 and complies with U.S. Federal Motor Vehicle Safety Standards and clean air emissions standards [5] - The company emphasizes its commitment to accelerating the adoption of sustainable transportation solutions [5]