New York Power Authority Purchases Mullen Cargo Vans, After Completion Of Successful EV Pilot Program; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Mullen Automotive, Inc. (NASDAQ:MULN) has announced that the New York Power Authority (NYPA) has purchased Mullen's Campus Delivery Cargo Vans following a successful EV pilot program. The 60-day pilot began in July 2023 and concluded in early September 2023. NYPA will use the vehicles for fleet operations at its St. Lawrence-Franklin D. Roosevelt Power Project. NYPA is also considering additional locations for Mullen's full lineup of commercial EVs.
September 21, 2023 | 1:21 pm
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POSITIVE IMPACT
Mullen Automotive's successful EV pilot program with NYPA has led to the purchase of their Campus Delivery Cargo Vans. This could potentially lead to further purchases from Mullen's commercial EV lineup.
The successful completion of the EV pilot program and subsequent purchase by NYPA is a positive development for Mullen Automotive. This not only validates the quality and efficiency of Mullen's EVs but also opens up potential for further purchases from Mullen's commercial EV lineup by NYPA. This could lead to increased revenues for Mullen in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100