Mullen Continues Prioritization of Commercial EVs
March 14 2024 - 9:15AM
via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer,
announces today new key sales hires who have joined the Company in
support of its commercial EV van and truck program.
Tyler Jordan - Senior Director of Commercial
Sales
Jordan has more than 13 years of experience driving profitability,
growth, and process and program enhancements to service
high-volume, multi-million-dollar accounts, leveraging strategic
planning and data analysis. During the five years he spent with
Merchants Fleet, Jordan was a key contributor to the growth of the
Last Mile Delivery segment as both a strategic account executive
and manager of the strategic accounts. In his role, Jordan
collaborated with many different teams to create scalable,
end-to-end processes that proved crucial in landing large strategic
accounts such as Amazon, FedEx and UPS.
Matt Nevious - Director of Commercial Sales/Strategic
Accounts
Nevious played a pivotal role at Merchants Fleet in the growth and
optimization of key accounts, particularly within Amazon Last Mile
operations. He spearheaded the development of innovative programs
tailored to the unique needs of clients like Amazon and FedEx.
Jacob Frenning - Director of Commercial Sales
Mid-Atlantic
Frenning has over 15 years of proven successful sales and
leadership experience in automotive service, commercial sales and
fleet management. In the past decade, Frenning has held positions
in operations, sales, and management, and is passionate about
applying these skills to deliver proven sales results. Frenning has
strong contacts with fleets and is known for working hard to
uncover new opportunities while strategically targeting key
accounts and other growth engines.
“After an extensive due diligence process and countless
interviews with highly sought-after individuals, we have identified
a strong caliber team with great expertise in commercial sales.
These individuals will propel Mullen’s sales efforts forward,” said
Marianne McInerney, Chief Strategy and Commercial Officer of Mullen
Automotive.
“Our commercial growth continues, and it’s encouraging to see
our sales efforts expand into new opportunities,” said David
Michery, CEO and chairman of Mullen Automotive. “Fleet Management
Companies and Last Mile Delivery represent a significant portion of
vehicle sales volume in the commercial segment, and focusing on
these important categories positions us for strong future growth
opportunity.”
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based
automotive company building the next generation of commercial
electric vehicles (“EVs”) with two United States-based vehicle
plants located in Tunica, Mississippi, (120,000 square feet) and
Mishawaka, Indiana, (650,000 square feet). In August 2023, Mullen
began commercial vehicle production in Tunica. In September 2023,
Mullen received IRS approval for federal EV tax credits on its
commercial vehicles with a Qualified Manufacturer designation that
offers eligible customers up to $7,500 per vehicle. As of January
2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen
THREE, a Class 3 EV cab chassis truck, are California Air Resource
Board (CARB) and EPA certified and available for sale in the
U.S.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking Statements
Certain statements in this press release that are not historical
facts are forward-looking statements within the meaning of Section
27A of the Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements
of historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult to
predict. Examples of such risks and uncertainties include, but are
not limited to, whether the new key hires will meet expectations,
achieve expected sales goals and whether the Company will be
successful in meeting its growth objectives. Additional
examples of such risks and uncertainties include but are not
limited to: (i) Mullen’s 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) Mullen’s ability to
successfully expand in existing markets and enter new markets; (iv)
Mullen’s 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 Mullen’s business; (viii) changes in
government licensing and regulation that may adversely affect
Mullen’s business; (ix) the risk that changes in consumer behavior
could adversely affect Mullen’s business; (x) Mullen’s ability to
protect its intellectual property; and (xi) local, industry and
general business and economic conditions. Additional factors that
could cause actual results to differ materially from those
expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K filed by Mullen with the
Securities and Exchange Commission. Mullen anticipates that
subsequent events and developments may cause its plans, intentions
and expectations to change. Mullen assumes no obligation, and it
specifically disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
- Mullen Expands Commercial Sales Efforts
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