Mullen Automotive Teams Up with Eco Auto to Drive Commercial EVs in New England: Details

Zinger Key Points
  • Mullen Automotive adds Eco Auto as a new franchise dealer, expanding its commercial EV sales network in New England.
  • Eco Auto's initial order includes 10 Mullen ONE cargo vans and 3 Mullen THREE trucks, focusing on national fleet opportunities.

Mullen Automotive, Inc MULN announces the addition of Eco Auto, a zero-emissions commercial vehicle dealership in the Boston area, as its newest franchise dealer.

Eco Auto will handle national fleet opportunities for Mullen’s full line of commercial EVs, focusing on New England.

Eco Auto’s initial order includes 10 Mullen ONE cargo vans and 3 Mullen THREE trucks.

“The New England area is a key Northeast hub for commercial fleet companies and one we are excited to enter,” said David Michery, CEO and chairman of Mullen Automotive.

Mullen’s commercial EV lineup includes the Mullen ONE and Mullen THREE, which comply with U.S. safety standards and offer significant buyer incentives.

With this new partnership, Mullen has recently added five new dealers.

Al Salas, president of Eco Auto, stated, “We at Eco Auto are focused on lowering the barriers to entry to sustainable transportation for all, and now, through our partnership with Mullen, that includes municipalities and businesses that want to have a positive impact on the environment and in their local communities.”

In May, Mullen Automotive won a new European purchase order worth $0.44 million for 40 Mullen-GO urban delivery vehicles from Switzerland-based commercial upfitter Antidoto SA.

In May, the EV maker reported a net loss attributable to common shareholders after preferred dividends of $193.9 million, or $35.83 per share, for the six months ended March 31, 2024.

Mullen Automotive stock plunged over 99% in the last 12 months.

Price Action: MULN shares are trading lower by 1.96% to $2.80 at the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Courtesy of Mullen Automotive, Inc.

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