- Mullen Automotive Inc MULN has secured the exclusive sales, distribution and branding rights for the new compact electric city vehicle, the I-GO selected European markets.
- The license is valid for Spain, France, Germany, Great Britain and Ireland.
- The I-GO will complement Mullen’s current commercial vehicle lineup, which includes Class 1 and Class 2 EV vans.
- also read: Mullen Automotive acquires assets of bankrupt ELMS
- Intended for businesses focused on last-mile deliveries, the Mullen I-GO features a 96-inch wheelbase, 16.5 kWh battery pack, rear-wheel drive and a curb weight of 1,753 lbs.
- With a range of 124 miles, the vehicle is designed to handle the stop/go and weave in and out typical of narrow European city streets.
- The I-GO will have a starting price of $11,999 plus VAT and local transport, and will be sold and serviced through local European dealers.
- “Essentially, this transaction provides the Company with revenue generation opportunities, promotes and expands the Company’s brand into other countries, while allowing the Company to fully focus on its mission to manufacture its electric vehicle lineup in the United States,” said David Michery, CEO and Chairman of Mullen Automotive.
- See also: Mullen Automotive hires former GM exec John Schwegman to oversee EV growth
- Price promotion: MULN shares are trading up 27.6% at $0.48 on the latest check Monday.
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