Mullen Automotive, trading under the ticker (MULN, Financial), has announced a significant new order involving its Class 3 electric vehicles. The company is set to deliver 20 units of its Mullen THREE model to Cashflow on Wheels, a logistics provider operating out of Houston, Texas. The transaction is valued at approximately $1.4 million.
Cashflow on Wheels specializes in last-mile delivery as well as various trucking and transportation services. This order represents a strategic move for the company as it continues to expand its fleet with environmentally friendly options. The fulfillment of this order will be managed by Mullen's dealer, Pritchard Automotive.