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Volt Mobility Signs $210 Million Contract with Mullen Automotive for 3,000 EV Cargo Vans and Trucks
Aug 26, 2024•almost 2 years ago
Contract Type
contract
BreaDescription
Mullen Automotive, Inc. announced that Volt Mobility has entered into a purchase agreement for approximately $210 million to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16-month period. Mullen will receive an initial $3 million deposit within 60 days and additional payments as the vehicles are delivered.
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Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months