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Mullen Automotive, Inc., a Southern California-based electric vehicle (EV) manufacturer, has secured a significant order from Cashflow on Wheels, a Houston-based logistics company specializing in last-mile delivery for FedEx and Amazon. The deal, valued at $1.4 million, involves the purchase of 20 Mullen THREE Class 3 electric trucks, with delivery scheduled for May 2025 to support FedEx routes in Texas and Georgia. This order highlights the growing demand for sustainable commercial vehicles as companies transition to EVs to reduce costs and environmental impact.
Key Highlights:
- Order Details: Cashflow on Wheels purchased 20 Mullen THREE Class 3 trucks for $1.4 million.
- Delivery Timeline: Vehicles will be delivered in May 2025 for FedEx routes in Texas and Georgia.
- Cost Savings: Cashflow on Wheels reports savings of over $500 per route per week with EVs.
- Sustainability Focus: The company aims to transition its fleet to EVs for efficiency and scalability.
- Dealer Involvement: The order will be fulfilled by Pritchard Automotive, a Mullen dealer.
Cashflow on Wheels, founded in 2023, emphasizes sustainability and efficiency in its operations, particularly for FedEx and Amazon delivery services. CEO Kendrick Edwards noted that EV adoption has led to measurable cost savings, enabling reinvestment for growth. The Mullen THREE, certified by the California Air Resource Board (CARB) and EPA, is well-suited for last-mile delivery and urban logistics, aligning with Cashflow’s goals.
Mullen Automotive, listed on NASDAQ (MULN), operates two U.S. manufacturing plants and has expanded its commercial dealer network to seven, covering key U.S. markets. CEO David Michery emphasized the increasing demand for eco-friendly vehicles, positioning Mullen as a leader in commercial EV solutions. This deal underscores the industry’s shift toward electrification, driven by cost savings and environmental benefits.
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