Mullen Announces 2023 Class 1 and Class 3 Invoice Totals of $12,559,520

Company delivered 100 Class 1 and 141 Class 3 vehicles thru Dec. 31, 2023, to Randy Marion Automotive Group; Company has an additional 185 Class 1 vehicles scheduled for delivery through Jan. 8, 2024

Vehicles delivered to Randy Marion are part of the 6,000 Class 1 vehicle purchase order of $200,000,000 and the 1,000 Class 3 vehicle purchase order for $63,000,000; majority of vehicles to be delivered through calendar year 2024

BREA, Calif., January 04, 2024– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces vehicles delivered through Dec. 31, 2023, with the Company delivering 100 Class 1 and 141 Class 3 vehicles for a total invoiced amount of $12,559,520 to Randy Marion Automotive Group (“RMA” or “Randy Marion”).

2023 Class 1 and Class 3 vehicle deliveries to Randy Marion included the following:

Dec. 4, 2023 – 10 Class 3 vehicles
Dec. 21, 2023 – 38 Class 3 vehicles
Dec. 26, 2023 – 63 Class 3 vehicles
Dec. 28, 2023 – 50 Class 1 vehicles
Dec. 30, 2023 – 30 Class 3 vehicles
Dec. 31, 2023 – 50 Class 1 vehicles

The Company has an additional 185 Class 1s scheduled for delivery to RMA through Jan. 8, 2024.

“2023 closed out strong, and we continue to scale our production and deliveries throughout 2024,” said David Michery, CEO and chairman of Mullen Automotive.

Company has delivered a total of 241 Class 1 and Class 3 EVs to RMA

Randy Marion (1)

To date, Randy Marion Automotive ("RMA") has been invoiced $12,559,520 for Class 1 and 3 EVs.

About Mullen

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.

To learn more about the Company, visit www.MullenUSA.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to the timing of future Mullen vehicle deliveries, the expected demand for all classes of Mullen vehicles, and whether the Mullen ONE and Mullen THREE will perform as expected. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:

Mullen Automotive, Inc.

+1 (714) 613-1900