The Mullen FIVE (formerly MX-05) enters final stages of engineering process this September. The Strikingly Different™ FIVE will debut to the world this coming November 2021

BREA, Calif., Aug. 24, 2021– via InvestorWire – Mullen Technologies Inc. (“Mullen” or the “Company”),an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, announces today the arrival of the Mullen FIVE EV Crossover.

Starting in September, Mullen will begin the final stages of engineering and dry fit process of the Mullen FIVE in Irvine, California. The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelt design that is Strikingly Different™ and exciting to experience in person. Mullen is excited for the world debut of the FIVE this coming November.

“I am beyond excited to showcase the Mullen FIVE. It’s amazing to see the FIVE go from vision to reality. Once you see it, you will be blown away,” said David Michery, CEO and chairman of Mullen. “We’ve researched, designed, engineered and built the FIVE in America by Americans. We are very proud for the world to see the FIVE this coming November.”

Learn more about the Mullen FIVE on MullenUSA.com.

About Mullen Technologies:

Mullen Technologies is a Southern California-based, licensed vehicle manufacturer that operates in various verticals of the businesses focusing in the automotive industry: Mullen Automotive, Mullen Energy, Mullen Auto Sales, Mullen Funding Corp. and CarHub. Each of these divisions provide Mullen with diversity of different products and services within the automotive industry. 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 future tense, often signify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the proposed production date of the MX-05 midsize and perceived advantages and future deployment of the solid-state polymer battery technology. 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 any changes in the laws, rules and regulations relating to any aspects of the Company's business operations, general economic, market and business conditions, including capital market developments, the actions and developments of the Company's competitors and the effects of competition in the EV industry on the demand for, and price of, the Company's current and proposed products and services, various business opportunities that the Company, and 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, you 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 Technologies, Inc.
+1 (714) 613-1900
www.MullenUSA.com