Mullen Automotive acquires bankrupt ELMS for $240 million Besides, this acquisition sets Mullen Automotive up to enter the last-mile delivery vehicle market quickly. This follow-up testing from an accredited facility shows promise for solid-state polymer cell technology when scaled to the vehicle pack level and used in EVs. MULN Stock: The Case for Mullen Hitting $1 in 2023 We have a wide range of tools to help investors make smarter decisions when investing in stocks or options. Shaping the Road Ahead in Electric Automobiles | Mullen Previously, the Mishawaka plant produced General Motors Hummer H2 and the Mercedes-Benz R-Class vehicle, and is a perfect fit for the production of the Mullen FIVE SUV and the Bollinger B1 and B2 platforms. 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 two . To show how little cash that is for an EV startup, consider Rivian (NASDAQ:RIVN). As of the date of publication, Larry Ramer owned shares of RIVN. PSYC Oct 21, 2022, 11:00 ET. Mullen Featured on CarBuzz; The FIVE EV Crossover, Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullens ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullens ability to successfully expand in existing markets and enter new markets; (iv) Mullens ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullens business; (viii) changes in government licensing and regulation that may adversely affect Mullens business; (ix) the risk that changes in consumer behavior could adversely affect Mullens business; (x) Mullens ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Mullen Automotive, Inc. (NASDAQ: MULN) (Mullen or the Company), an emerging electric vehicle (EV) manufacturer, today announces test results of its recently acquired joint venture technology, greatly improving current EV performance by increasing EV vehicle range. Mar 16, 2022 5:51 AM EDT Mullen Automotive ( MULN) is an electric vehicle (EV) company that also operates CarHub, an artificial intelligence-based platform that lets users buy and sell cars.. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Mullen Buys into Lawrence Hardge's EVT to Improve Energy Management On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article. Thats despite Rivian holding $11.6 billion in cash, as of the end of its most recent quarter. Additionally, the investors will receive Series D preferred stock and warrants. InvestorPlacesEddie Panexplained that the warrants are equal to 185%of the Series D preferred stock purchased while the Series D preferred stock can be converted into common stock. The warrants can be turned into shares for as little as 10 cents each.