Mullen Automotive Secures $210M Electric Truck Deal with Volt Mobility
The agreement involves 3,000 electric cargo vans and trucks for deployment across the Middle East over 16 months.
- 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.
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