Mullen Automotive (MULN) announces a commercial vehicle sales update since Sept. 30, 2024, with a total of 100 Class 1 and Class 3 EV cargo vans and trucks sold for sales totaling $5.5M. The Company has also significantly reduced its monthly burn from $16.8M in August 2024 to $11.8M in September 2024 and to $5.3M in October and November 2024. Mullen is in continued discussions with government agencies, universities and large fleets to expand adoption of EV vehicles across America. The total of 100 all-electric vehicles sold since Sept. 30, 2024, includes 57 Class 3 and 43 Class 1 EV cargo vans and trucks.
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