Mullen Shares Pop On Cargo Van Deal With Amazon Delivery Services Partner DelPack

by Shivani Kumaresan, Benzinga Staff Writer
July 11, 2022 10:35 AM | 1 min read |
  • Mullen Automotive Inc MULN has signed a binding agreement with DelPack Logistics LLC (DPL) for cargo vans.
  • DelPack is an Amazon.Com, Inc.AMZN Amazon Delivery Service Partner.
  • Under the agreement, DPL will purchase up to 600 Mullen Class 2 EV cargo vans over the next 18 months. 
  • The 600 Class 2 EV Cargo Vans will be fully homologated for the U.S.
  • The first 300 fully homologated for the U.S. Mullen Class 2 EV Cargo Vans can be delivered to DPL by Nov. 30, 2022.
  • "DelPack is a leader in last mile package delivery and this agreement puts our Class 1 cargo van program front and center for last mile delivery opportunities,” said CEO David Michery.
  • Price Action: MULN shares are trading higher by 11.96% at $1.30 on the last check Monday.
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