I-GO™ arrives in Europe | Popgen Tech


BREA, Calif., Dec. 22, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces that the I-GO™ Commercial Urban Delivery EV has arrived in Europe with sample vehicles now on their way to Newgate Motor Group in Ireland with expected delivery in early January 2023. The sample vehicles were initially expected to arrive at Newgate on 20 December 2022, but delivery was delayed due to COVID-related lockdown issues in China.

The I-GO™ is Mullen’s recently announced urban commercial delivery vehicle, designed to bridge the gap between the growing demand for fast deliveries and space constraints in dense cities across Europe. The Mullen I-GO™ is EU standard homologated, certified and ready for sale in the initial markets of the UK, Germany, Spain, France and Ireland, with the first vehicles going to Newgate Motor Group in Navan, Ireland.

“Over the past month, we have received a significant increase in interest and inquiries about the I-GO EV,” said Jim Ring, general manager of Newgate Motor Group. “We are certainly excited to receive the initial sample vehicles and look forward to showing them off to our customers first hand.”

“The initial I-GO samples have arrived in Europe and are now on their way to Newgate in Ireland,” said David Michery, CEO and Chairman of Mullen Automotive. “We are excited for sales and service to get started with Newgate. Once established, we will continue to look at other opportunities for the European market. The I-GO is an excellent alternative vehicle for delivery in dense European metro cities. The small size is perfect for maneuverability on tight euro streets and the zero emissions and lower cost of ownership is a good combination for our potential commercial customers.”

In November 2022, Mullen Automotive entered into an agreement to hire Newgate Motor Groupone of Ireland’s most recognized dealer groups, as the marketing, sales, distribution and service agent for the Mullen I-GO™ in Ireland and the UK.

Newgate Motor Group has over 40 years of experience in the motor industry and during that time has built up an excellent reputation. Newgate is respected in the automotive industry and represents several brands including Renault/Dacia, Kia and Mercedes-Benz. As well as being a major retail group in Ireland, Newgate also has significant relationships in the vehicle distribution business across the UK and various parts of Europe. Newgate Motor Group also represents XBUS and Evetta electric vehicles from the German-based company Electric Brands.

About Mullen
Mullen Automotive (NASDAQ: MULN ) is a Southern California-based automotive company that builds the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which produces both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings contains. The Mullen FIVE, the Company’s first electric crossover, will be delivered in 2025 and features an award-winning design and its patented PERSONA technology that uses facial recognition to personalize the driving experience for each individual. On September 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on December 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and ‘ a 650,000 square foot facility in Mishawaka, Indiana.

To learn more about the company, visit www.MullenUSA.com.

About Newgate Motor Group
Newgate Motor Group is an Irish family business and one of Ireland’s most recognized vehicle retailers. Newgate currently represents several brands including Renault passenger cars and commercial vehicles, Dacia, Kia and Mercedes-Benz. Newgate offers the highest level of service and expertise, whether customers want to maintain current vehicles or are looking for a new or used car. We stock the latest models and a wide variety of used cars, from small to luxury premium vehicles. We are also authorized to facilitate your vehicle finance requirements and stock the full range of Mercedes-Benz, Renault, Dacia and Kia genuine parts. Newgate Motor Group boasts a modern facility in Navan, with workshops equipped to service and maintain Renault, Dacia, Kia and Mercedes vehicles.

Forward-looking statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be considered forward-looking statements. Words such as “continue”, “will”, “may”, “could”, “should”, “anticipate”, “anticipate”, “plan”, “intend”, “expect”, “believe”, “estimate”, ” “forecast,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally beyond the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether the Example I-GOs will be delivered to Newgate within the newly anticipated time frame; whether the agreement and relationship with Newgate Motors Group will be a success; and whether the I-GO will be a success in the European or other markets. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when necessary; (ii) Mullen’s ability to maintain existing, and additional, contracts with manufacturers, parts and other service providers related to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unexpected operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that could adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8- K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause his plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Mullen Automotive, Inc.
+1 (714) 613-1900

Corporate Communications:
InvestorBrand Network (IBN)
Los Angeles, California
310.299.1717 Office

  • First Mullen I-GOs Arrive in Europe


Source link