As of March 21, 2025, Mullen has Recognized Record GAAP Quarterly Revenue of $3.18M
Mullen Automotive (NASDAQ: MULN) has reported record quarterly GAAP revenue of $3.18 million as of March 21, 2025, marking a significant 189% increase compared to the entire 2024 fiscal year revenue of $1.1 million.
The EV manufacturer's commercial lineup includes the Mullen ONE (Class 1 EV cargo van) and Mullen THREE (Class 3 EV cab chassis truck), both fully compliant with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. Additionally, through Bollinger, the company offers the B4 Chassis Cab, a Class 4 commercial truck featuring a 158-kwh battery pack, which began customer deliveries in October.
Mullen Automotive (NASDAQ: MULN) ha riportato un fatturato trimestrale GAAP record di $3,18 milioni al 21 marzo 2025, segnando un notevole aumento del 189% rispetto al fatturato dell'intero anno fiscale 2024 di $1,1 milioni.
La gamma commerciale del produttore di veicoli elettrici include il Mullen ONE (furgone commerciale EV di Classe 1) e il Mullen THREE (camion cab chassis EV di Classe 3), entrambi pienamente conformi agli standard di sicurezza dei veicoli a motore federali degli Stati Uniti, alle certificazioni EPA e CARB. Inoltre, attraverso Bollinger, l'azienda offre il B4 Chassis Cab, un camion commerciale di Classe 4 dotato di un pacco batteria da 158 kWh, che ha iniziato le consegne ai clienti in ottobre.
Mullen Automotive (NASDAQ: MULN) ha reportado ingresos trimestrales GAAP récord de $3.18 millones al 21 de marzo de 2025, marcando un aumento del 189% en comparación con los ingresos del año fiscal 2024 de $1.1 millones.
La línea comercial del fabricante de vehículos eléctricos incluye el Mullen ONE (furgón de carga EV de Clase 1) y el Mullen THREE (camión cab chassis EV de Clase 3), ambos totalmente conformes con los estándares de seguridad de vehículos de motor de EE. UU., certificaciones EPA y CARB. Además, a través de Bollinger, la compañía ofrece el B4 Chassis Cab, un camión comercial de Clase 4 que cuenta con un paquete de batería de 158 kWh, que comenzó las entregas a clientes en octubre.
Mullen Automotive (NASDAQ: MULN)는 2025년 3월 21일 기준으로 $3.18백만의 기록적인 분기 GAAP 수익을 보고했으며, 이는 2024 회계 연도의 전체 수익인 $1.1백만에 비해 189% 증가한 수치입니다.
이 전기차 제조업체의 상업 라인업에는 Mullen ONE (1급 전기 화물 밴)과 Mullen THREE (3급 전기 카브 차대 트럭)가 포함되어 있으며, 두 모델 모두 미국 연방 자동차 안전 기준, EPA 및 CARB 인증을 완전히 준수합니다. 또한, Bollinger를 통해 회사는 158kWh 배터리 팩을 갖춘 4급 상업용 트럭인 B4 Chassis Cab를 제공하며, 이는 10월에 고객 배송을 시작했습니다.
Mullen Automotive (NASDAQ: MULN) a annoncé un chiffre d'affaires trimestriel GAAP record de 3,18 millions de dollars au 21 mars 2025, représentant une augmentation significative de 189% par rapport aux revenus de l'ensemble de l'année fiscale 2024 de 1,1 million de dollars.
La gamme commerciale du fabricant de véhicules électriques comprend le Mullen ONE (fourgon utilitaire électrique de Classe 1) et le Mullen THREE (camion châssis électrique de Classe 3), tous deux pleinement conformes aux normes de sécurité des véhicules à moteur des États-Unis, ainsi qu'aux certifications EPA et CARB. De plus, grâce à Bollinger, l'entreprise propose le B4 Chassis Cab, un camion commercial de Classe 4 doté d'un pack de batterie de 158 kWh, qui a commencé les livraisons aux clients en octobre.
Mullen Automotive (NASDAQ: MULN) hat am 21. März 2025 einen Rekordumsatz von 3,18 Millionen US-Dollar im vierteljährlichen GAAP-Bericht gemeldet, was einen erheblichen 189%igen Anstieg im Vergleich zu den gesamten Einnahmen des Geschäftsjahres 2024 von 1,1 Millionen US-Dollar darstellt.
Die kommerzielle Produktpalette des Elektrofahrzeugherstellers umfasst den Mullen ONE (Elektro-Lieferwagen der Klasse 1) und den Mullen THREE (Elektro-Chassis-Lkw der Klasse 3), die beide vollständig den US-Bundesstandards für die Sicherheit von Kraftfahrzeugen, EPA- und CARB-Zertifizierungen entsprechen. Darüber hinaus bietet das Unternehmen über Bollinger das B4 Chassis Cab an, einen kommerziellen Lkw der Klasse 4 mit einem 158-kWh-Akku, dessen Auslieferung an Kunden im Oktober begann.
- Record quarterly revenue of $3.18M in Q2 2025
- 189% revenue growth compared to entire 2024 fiscal year
- Successful commercialization of three EV models across different classes
- Full regulatory compliance achieved for commercial vehicles
- Low absolute revenue figures despite percentage growth ($3.18M quarterly)
Company sees
Increase shows continued significant positive revenue growth for Company
BREA, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces record GAAP revenue of
“Our fiscal Q2 will close with our strongest revenue performance to-date,” said David Michery, CEO and chairman of Mullen Automotive. “Our revenue and overall momentum continues to build at a strong clip, demonstrating solid sales growth opportunity for both Mullen and Bollinger commercial vehicles.”
Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van, and the Mullen THREE, Class 3 EV cab chassis truck. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board (“CARB”) certifications denoting strict adherence to clean air emissions standards.
Bollinger’s recently launched commercial vehicle, the B4 Chassis Cab, is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 158-kwh battery pack and components to offer unparalleled capability and safety in the commercial market. The company began delivering Bollinger B4 vehicles to customers in October.
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. 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. The Company’s commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.
In September 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer and service network with over 50 locations across the United States.
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 future revenue performance, future demand or sales for the Company’s vehicles and whether governmental and other electric vehicle incentive programs will continue. 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
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
FAQ
What is Mullen Automotive's Q2 2025 revenue and how does it compare to 2024?
What commercial EV models does MULN currently offer in its lineup?
When did Bollinger begin delivering the B4 Chassis Cab to customers?
What certifications do Mullen's commercial EVs comply with?
