Mullen Automotive Soars After Securing Gross sales License For I-GO EV In Europe

• Mullen Automotive Inc (NASDAQ: MULN) has secured unique gross sales, distribution, and branding rights to the brand new compact city supply electrical car, the I-GO, in choose European markets.

• The license is for Spain, France, Germany, U.Ok., and Eire.

• The I-GO will be a part of Mullen’s present industrial car lineup, which incorporates Class 1 and a pair of EV cargo vans.

• Additionally Learn: Mullen Automotive Acquires Belongings Of Bankrupt ELMS

• The Mullen I-GO, meant for firms specializing in final mile deliveries, is predicated on a 96-inch wheelbase, 16.5-kWh battery pack, rear-wheel drive, and a curb weight of 1,753 lbs.

• With a spread of 124 miles, the car is designed to deal with the cease/go and weave in/out typical of slim European city streets.

• The I-GO can have a beginning value of $11,999 plus VAT and native transportation and might be retailed and serviced by means of native European distributors.

• “Primarily, this transaction offers the Firm income producing alternatives, promotes and extends the Firm’s model into different international locations whereas on the identical time permitting the Firm to stay absolutely centered on its mission of producing its lineup of electrical autos within the USA,” mentioned David Michery, CEO and chairman of Mullen Automotive.

• Additionally See: Mullen Automotive Hires Former GM Govt John Schwegman To Oversee EV Development

• Value Motion: MULN shares are buying and selling larger by 27.6% at $0.48 on the final verify Monday.

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