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Mullen Announces Papé Truck’s $3.2M Vehicle Purchase with Immediate Delivery and Revenue Recognition of 50 Class 1 and Class 3 Vehicles

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Papé vehicle order includes 43 EV trucks and 7 EV cargo vans from Mullen

Papé is a fourth-generation, family-owned company, with commercial sales and service locations across the Western U.S.
Papé is a fourth-generation, family-owned company, with commercial sales and service locations across the Western U.S.

Papé’s vehicle purchase includes 43 Class 3 EV trucks and 7 Class 1 EV cargo vans

Papé is Mullen’s seventh commercial EV dealer and includes 30 commercial sales and service locations across the Western U.S.

BREA, Calif., Sept. 26, 2024 – via IBN — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today a new vehicle order from Papé Truck (“Papé”) for 43 Class 3 EV trucks and 7 Class 1 EV cargo vans. Vehicle deliveries to begin immediately. The total purchase for the 50 units is valued at $3.2 million.

Vehicles to be delivered include Class 3 stake body, Morgan box truck with side door, Knapheide Phenix service body and Knapheide aluminum stake body. The Papé order also includes Class 1 and Class 3 parts supply to stock on hand for fast warranty service and repair work.

Papé recently became Mullen’s seventh franchise dealer partner expanding fleet opportunities for the Company’s full line of commercial electric vehicles. With over 30 locations, Papé is the West’s premiere, full-service Kenworth truck dealer offering an extensive parts inventory and best-in-class service departments, dedicated to providing reliable, durable trucking equipment solutions that help its customers meet their operational needs and uptime standards. To continue this partnership with customers now facing adapting to evolving regulations, Kenworth provides zero-emissions trucks for a wide range of applications.

The partnership aligns with Mullen’s commitment to providing widespread access to its innovative electric vehicles and Papé’s dedication to offering a variety of transportation solutions to meet all of its customers’ needs. With a strong reputation for exceptional customer service and a vast network across the West, Papé will play a crucial role in introducing Mullen’s commercial EVs to a broader market.

“Papé is a well-respected commercial dealer with locations in key West Coast markets,” said David Michery, CEO and chairman of Mullen Automotive. “Papé’s expertise and reach will play a crucial role in establishing new Mullen customers across the U.S.”

Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van, and Mullen THREE, Class 3 EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, EPA and CARB certifications.

The Mullen THREE was recently qualified for a $15,000 incentive through the State of Massachusetts MOR-EV program and a $45,000 cash rebate voucher through the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP). The Mullen ONE is also eligible for the MOR-EV program with a $3,500 rebate in Massachusetts. When combined with the $7,500 Federal Tax Incentive, both vehicles offer substantial savings for commercial fleet customers.

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