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First 20 vehicles will be delivered in May to Cashflow on Wheels for FedEx routes in Texas and Georgia
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Initial deal valued at approximately $1.4 million
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Cashflow on Wheels is a leading logistics company with a focus on transitioning FedEx and Amazon last-mile local delivery to electric vehicles
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BREA, Calif., April 21, 2025 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today a Class 3 vehicle order with Cashflow on Wheels. The order includes 20 all electric Mullen THREE’s, with a retail value of approximately $1.4 million. Cashflow on Wheels is a leading logistics company based in Houston, Texas, with a focus on last-mile delivery, local and long-distance trucking and transportation solutions. The milestone vehicle order will be fulfilled by Mullen dealer, Pritchard Automotive.
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Cashflow on Wheels’ strength is in bringing new efficiencies and sustainability to last-mile delivery for FedEx and Amazon. The addition of the Mullen THREE to their fleet underscores a commitment to transitioning traditional fleets to advanced EV solutions and to their DSPs reducing their total cost of operations.
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“We have been testing EVs across our routes and have decided to transition our fleet, as we’ve seen measurable savings of over $500 per route per week, which allows us to reinvest in our continued growth,” said Kendrick Edwards, CEO, Cashflow on Wheels. “We are confident that adopting EVs will not only reduce costs but also provide the scalability needed to support our future expansion.”
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“Cashflow on Wheel’s order reflects the growing demand for environmentally friendly commercial vehicles,” said David Michery, CEO and chairman of Mullen Automotive. “The Mullen THREE is a perfect fit to their diverse customer base, including FedEx and Amazon, from last-mile delivery to urban logistics.”
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About Cashflow on Wheels
Founded in 2023, Cashflow on Wheels is a leading logistics company based in Houston, Texas, with a focus on last-mile local delivery, local delivery and long-distance trucking and transportation solutions. Cashflow on Wheels strength is in bringing new efficiencies and sustainability to last-mile delivery for FedEx and Amazon. Central to Cashflow on Wheels’ philosophy is job creation and creating economic growth opportunities for its drivers and employees.
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About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. The Company has also recently expanded its commercial dealer network to seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England and Mid-Atlantic markets.
On Sept. 7, 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has achieved numerous milestones including its all-electric B4, Class 4 truck production start, which launched on Sept. 16, 2024, and the development of a world-class dealer and service network with over 50 locations across the United States.
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