Workflow
Cashflow on Wheels, a Multistate FedEx and Amazon DSP Consolidator, Purchases 20 Mullen THREE Class 3s
MULNNet Element(MULN) GlobeNewswire· Globenewswire·2025-04-21 13:25

Core Viewpoint - Mullen Automotive has secured a significant order from Cashflow on Wheels for 20 all-electric Mullen THREE vehicles, valued at approximately 1.4million,aimedatenhancinglast−miledeliveryefficiencyforFedExandAmazon[2][4].Group1:CompanyOverview−MullenAutomotiveisanelectricvehiclemanufacturerbasedinSouthernCalifornia,withproductionfacilitiesinTunica,Mississippi,andMishawaka,Indiana[6].−ThecompanyhasrecentlyexpandeditscommercialdealernetworktosevendealersacrosskeyU.S.markets,enhancingitssalesandservicecapabilities[6].−Mullen′svehicles,includingtheMullenONEandMullenTHREE,arecertifiedbytheCaliforniaAirResourceBoardandEPA,makingthemavailableforsaleintheU.S.[6].Group2:CashflowonWheels−CashflowonWheels,foundedin2023,isalogisticscompanyfocusedonlast−miledeliveryandtransportationsolutions,primarilyforFedExandAmazon[5].−Thecompanyemphasizessustainabilityandefficiencyinitsoperations,aimingtotransitiontraditionalfleetstoelectricvehicles[3][5].−CashflowonWheelshasreportedsavingsofover1.4 million, aimed at enhancing last-mile delivery efficiency for FedEx and Amazon [2][4]. Group 1: Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with production facilities in Tunica, Mississippi, and Mishawaka, Indiana [6]. - The company has recently expanded its commercial dealer network to seven dealers across key U.S. markets, enhancing its sales and service capabilities [6]. - Mullen's vehicles, including the Mullen ONE and Mullen THREE, are certified by the California Air Resource Board and EPA, making them available for sale in the U.S. [6]. Group 2: Cashflow on Wheels - Cashflow on Wheels, founded in 2023, is a logistics company focused on last-mile delivery and transportation solutions, primarily for FedEx and Amazon [5]. - The company emphasizes sustainability and efficiency in its operations, aiming to transition traditional fleets to electric vehicles [3][5]. - Cashflow on Wheels has reported savings of over 500 per route per week by testing electric vehicles, which supports its growth strategy [4]. Group 3: Market Trends - The order from Cashflow on Wheels reflects a growing demand for environmentally friendly commercial vehicles, indicating a shift in the logistics industry towards sustainable practices [4]. - The transition to electric vehicles is seen as a way to reduce operational costs and support future expansion for logistics companies [4].