What’s Happening: Mullen Automotive, an emerging electric vehicle manufacturer, has delivered class 1 EV cargo vans to MGT Company, a commercial vehicle sales and leasing company in Highpoint, North Carolina.
Why It Matters: Mullen is proud to announce MGT as one of its first commercial EV fleet customers. The class 1 segment no longer has internal combustion engine options from major OEM brands, and MGT’s primary customer base focuses on last-mile segments, such as package delivery and retail, and vocations such as plumbing and electrician. MGT’s annual revenue in 2022 was over $70 million, with $100 million projected for 2023.
Key Points:
- Mullen has delivered class 1 EV cargo vans to MGT Company in Highpoint, North Carolina.
- MGT is one of Mullen’s first commercial EV fleet customers.
- MGT is a commercial vehicle sales and leasing company that serves last-mile segments and vocations such as plumbing and electrician.
- MGT’s annual revenue in 2022 was over $70 million, with $100 million projected for 2023.
Bottom Line: Mullen Automotive has delivered EV cargo vans to MGT Company, one of its first commercial EV fleet customers. MGT’s focus on last-mile segments and vocations makes it an ideal customer for Mullen’s class 1 EVs, which offer unlimited options for commercial customers in the class 3 cab-chassis segment. The partnership with MGT will help accelerate Mullen’s Fleet-First commercial vehicle approach, as the company continues to see growing interest in its commercial EV offerings.
