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Mullen Automotive to Deliver 6,000 EV Cargo Vans to Randy Marion Isuzu

BREA, Calif., March 16, 2023– Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced that it will be making Class 1 EV deliveries to various commercial customers before the end of March 2023. The company is set to deliver 6,000 Class 1 EV Cargo Vans to Randy Marion Isuzu, LLC, a member of the Randy Marion Automotive Group, as part of a purchase order announced on Dec. 14, 2022, valued at approximately $200 million.


Mullen Automotive CEO David Michery has stated that the company has a capital position of $87.4 million as of Feb. 28, 2023, including restricted cash, and expects to receive an additional $110 million from firm commitments by June 1, 2023. This will provide Mullen Automotive with enough capital to execute on its business plan over the next 12 months.


With the Mullen FIVE program moving at a fast pace, the company is set to approach vehicle engineering freeze soon, allowing it to move into the next phase of the crossover program.


These recent developments demonstrate Mullen Automotive’s commitment to becoming a leading player in the EV industry. As the demand for EVs continues to grow, the company’s strong financial position and innovative products put it in a great position to capitalize on this trend.


  • Mullen Automotive is set to deliver 6,000 Class 1 EV Cargo Vans to Randy Marion Isuzu, LLC, in March 2023.

  • The purchase order for the 6,000 EV Cargo Vans is valued at approximately $200 million.

  • Mullen Automotive has a capital position of $87.4 million as of Feb. 28, 2023, including restricted cash.

  • Mullen Automotive expects to receive an additional $110 million from firm commitments by June 1, 2023.

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