BREA, Calif., March. 09, 2022– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces that a recently published article by Insider Monkey has named $MULN a top penny stock with enormous growth potential to invest in during the month of March 2022. Founded in 2010, Insider Monkey is a finance website that uses a proprietary strategy to identify the best stock picks from exceptional hedge funds and insiders.

“Mullen has tremendous long-term growth potential, and I am glad to see that being recognized,” said David Michery, CEO and chairman of Mullen Automotive. “As mentioned in the article, our work in solid-state EV battery development, with over 600 miles of range, along with 120 technology patents in 24 countries are just a couple among many reasons why folks should have MULN on their radar.”

The Insider Monkey list was curated based on stocks with enormous growth potential in biotech, energy, cybersecurity, and other technology sectors. Upcoming growth catalysts, analyst ratings, and business fundamentals of each stock were taken into consideration to identify the most exciting ones. The hedge fund sentiment around each stock has been derived from Insider Monkey's database of 924 elite hedge funds and was provided to give readers better context for their investment choices. The full article is available to read here.

Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and over-the-air (OTA) and vehicle system diagnostics, respectively. The Company expects these strategic developments to play a crucial role in bringing the Mullen FIVE EV crossover to market with the latest technology in the least amount of time. Mullen FIVE was named "Top Zero Emission SUV" as part of the ZEVA® Awards at the Los Angeles International Auto Show in November 2021, where it made its debut.

The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly Different™^” and exciting to experience in person. Learn more about the Mullen FIVE at MullenUSA.com.

About Mullen:

Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. For more information, please visit www.MullenUSA.com.

Forward-Looking Statements

This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions, as well as statements in the future tense, often signify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the reverse merger, the Nasdaq approval process, and the proposed debut date of the Mullen FIVE (formerly MX-05) midsize crossover. These forward-looking statements are, by their nature, subject to significant risks and uncertainties.

Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including factors beyond the Company's control. As a result of these and other risks, uncertainties, and assumptions, forward-looking events and circumstances discussed herein might not occur in the way the Company expects or at all. Accordingly, readers should not place reliance on any forward-looking information or statements. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.

Contact:

Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com