Mullen Announces Papé Truck's $3.2M Purchase of 50 EVs With Immediate Delivery and Revenue Recognition, Including 43 Class 3 Trucks and 7 Class 1 Vans Across 30 Commercial Locations
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive has announced a $3.2 million purchase order from Papé Truck for 50 electric vehicles, including 43 Class 3 trucks and 7 Class 1 vans. The delivery and revenue recognition are immediate, impacting 30 commercial locations.
September 26, 2024 | 1:15 pm
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Mullen Automotive has secured a $3.2 million order from Papé Truck for 50 electric vehicles, which will be delivered immediately, allowing for immediate revenue recognition.
The $3.2 million order from Papé Truck is significant for Mullen Automotive as it involves immediate delivery and revenue recognition, which is likely to positively impact the company's short-term financial performance and stock price.
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