- Mullen Automotive (MULN, Financial) secures a $1.4 million order for 20 electric vehicles.
- Cashflow on Wheels reports over $500 in weekly cost savings per route with EVs.
- Mullen THREE vehicles to be deployed in Texas and Georgia for FedEx routes by May.
Mullen Automotive, Inc. (NASDAQ: MULN) has announced receiving a $1.4 million order from Cashflow on Wheels, a logistics firm specializing in last-mile delivery for major clients like FedEx and Amazon. The order comprises 20 Mullen THREE Class 3 all-electric vehicles, set for delivery in May through Mullen dealer Pritchard Automotive. The deployment will occur on FedEx delivery routes in Texas and Georgia, marking an important step towards the electrification of Cashflow on Wheels' fleet.
The integration of Mullen THREE vehicles is part of Cashflow on Wheels' strategy to transition from traditional to electric vehicles. During the electric vehicles' test phase, the company reported operational savings exceeding $500 per route per week, highlighting the economic benefits of EV adoption.
"Transitioning to electric vehicles not only optimizes our route efficiencies but also supports our scalable growth ambitions," stated Kendrick Edwards, CEO of Cashflow on Wheels. "The evident cost savings also enable us to reinvest in expanding our operations."
For Mullen Automotive, this order reinforces their commercial distribution strategy within the booming last-mile delivery market. "The expressed cost-saving benefits from Cashflow on Wheels provide a strong case for other logistics providers to consider EV integration," remarked David Michery, CEO of Mullen Automotive.
This development showcases Mullen's capacity to supply its commercial EV offerings promptly, supporting logistics operations while adhering to sustainability goals. The Mullen THREE vehicles' involvement in FedEx routes signifies growing acceptance and demand for environmentally responsible logistics solutions.
