Overview

• Volt Mobility's order includes Class 1 and Class 3 electric vehicles.
• Mullen will receive an initial $3 million deposit within 60 days.
• The vehicles will be assembled at Mullen's facility in Tunica, Mississippi.
• Volt Mobility plans to lease the vehicles to clients like UPS, DHL, and FedEx.
• Mullen's stock surged over 50% following the announcement.