Mullen Automotive Inc (NASDAQ: MULN) EV startup and maker of the Mullen FIVE is warming up and getting noticed

0

Mullen Automotive Inc (NASDAQ: MULN) is probably the most exciting and explosive small-cap story as the stock sits just over $1 on massive volume and investor interest. MULN went public via a reverse merger with a blank check company in November 2021 in a successful IPO that saw the stock soar to $16 shortly after its IPO. Since then, the stock has been the subject of a massive short-selling campaign that decimated MULN’s share price to a low of 0.52 in February, just before the company announced that tests on its solid-state polymer cells reveal the potential of a 150-kilowatt battery. One-hour battery that delivers over 600 miles of range, a significant step up from current lithium-ion batteries. The shorts may not have anticipated that many of the same traders involved in the massive Gamestop and AMC short cuts would find MULN at $1, but they did and its game is on now. The volume is incredible, with MULN regularly trading between $100 million and $500 million and the company has a total market valuation of just $47 million with at least 3.7 million MULN shares already sold short.

Since MULN went public on the NADSAQ in November 2021, the company has only grown and released good news; they purchased a state-of-the-art manufacturing and engineering center with plans to build another 1.2 million square feet of manufacturing space, they increased their reservation limit for the Mullen FIVE EV Crossover to 25,000 reservations proving that they are ready to sell more than 25,000 vehicles, they announced that they are on track to begin deliveries of their fleet of pickup trucks in the second quarter of 2022, which will bring in some $60 million in revenue in the short term. term, they announced partnerships with ARRK, DURR and DSA and a partnership with Comau to develop a body shop for the MULN EV. The biggest news from MULN came on Feb. 28 when the company announced that its solid-state polymer cell testing reveals the potential of a 150-kilowatt-hour battery that delivers over 600 miles of range and puts shows a continuous current of 18 minutes. fast charging that can produce over 300 miles of range, which is a significant step up from current lithium-ion batteries. Everyone knows how hot the electric vehicle market is, with Tesla trading at over $800 billion, making Elon Musk one of the richest men on the planet. MULN at a total valuation of just $47 million, shorted into oblivion, with the guys from GME and AMC currently piling up couldn’t be more explosive here.

Mullen Automotive Inc. (NASDAQ: MULN) operates a Southern California-based electric vehicle company that operates in various business verticals focused on the automotive industry. The company has two electric vehicles in development, one of which, Mullen FIVE, is expected to begin shipping in the second quarter of 2024. The company also operates CarHub, a digital platform that leverages artificial intelligence to deliver an interactive buying, selling. and owning a car, and Mullen Energy, a division focused on advancing battery technology and point-of-care emergency solutions. Mullen recently purchased a 124,700 square foot facility located in Tunica, Mississippi, which serves as its new headquarters. The company is working to expand the existing 124,700 square feet by an additional 1.2 million square feet.

The company’s flagship product, the Mullen FIVE represents Mullen Automotive’s entry into the all-electric midsize luxury SUV market. The Mullen FIVE has a sleek and sexy design and is competitively priced starting at $55,000 – for the US market and is expected to be available in the fourth quarter of 2024. The Mullen FIVE is expected to offer an electric range of up to 325 miles, will reach 0-60 in 3.2 seconds with a top speed of 155 miles per hour. The Mullen FIVE also offers fast charge times from 0-80% (260 miles of range) in just 21 minutes. Advanced level 2.5 driver assistance system. Pure electric vehicle designed, engineered and manufactured in the USA. Luxury interiors with customizable seating configurations and Multi LED LIVE smart screen technology that listens and reacts. For more information on the Mullen Five, go here.

To find out Inside Scoop on MULN Subscribe to Microcapdaily.com now by entering your email in the box below

MULN

The Mullen FIVE is built on an EV Crossover skateboard deck that offers multiple powertrain configurations and trim levels in a svelte design that is Strikingly DifferentTM. The FIVE debuted at the Los Angeles International Auto Show in mid-November and received the Los Angeles Auto Show’s ZEVAS Award for “Top SUV Zero Emission Vehicle (ZEV)” easily beating the Rivian R1S and the Lincoln Aviator Grand Touring. MULN CEO David Michery said at the time: “The FIVE is a very competitive electric vehicle that has been able to take on an impressive array of competitors, including legacy brands and exciting new startups. The fact that as many of people who voted for the FIVE, helping us beat fellow finalists, the Rivian R1S and the Lincoln Aviator Grand Touring, by a huge margin to win this award is a tremendous testament to what we are trying to accomplish.

MULN soared more than 100% on Feb. 28 after the company announced that its next-generation solid-state polymer battery technology had recently made a significant advance over current lithium-ion batteries. Mullen’s testing of solid-state polymer cells reveals the potential of a 150 kilowatt-hour battery that delivers over 600 miles of range and highlights an 18-minute DC fast charge that can produce over 300 miles autonomy. Mullen is working on using solid-state polymer batteries in its second-generation Mullen FIVE EV crossovers, with in-car prototype testing scheduled for 2025. Mullen’s first-generation FIVE EV crossover, scheduled for late 2024, is expected to be launched with lithium-ion cell chemistry.

Mullen also conducts extensive research and development on other advanced battery technologies, including lithium-sulfur and lithium-iron-phosphate. Mullen’s ultimate goal is to provide batteries for electric vehicles that will surpass current lithium-ion technology and deliver a host of benefits such as increased efficiency, energy density and range while reducing cost, weight, thermal and environmental risks.

To learn more about MULN, subscribe now

MULN is probably the most exciting and explosive small cap story as the stock sits just over $1 on massive volume and investor interest. MULN went public via a reverse merger with a blank check company in November 2021 in a successful IPO that saw the stock soar to $16 shortly after its IPO. Since then, the stock has been the subject of a massive short-selling campaign that decimated MULN’s share price to a low of 0.52 in February, just before the company announced that tests on its solid-state polymer cells reveal the potential of a 150-kilowatt battery. One-hour battery that delivers over 600 miles of range, a significant step up from current lithium-ion batteries. The shorts may not have anticipated that many of the same traders involved in the massive Gamestop and AMC short cuts would find MULN at $1, but they did and its game is on now. The volume is incredible, with MULN regularly trading between $100 million and $500 million and the company has a total market valuation of just $47 million with at least 3.7 million MULN shares already sold short. Since MULN went public on the NADSAQ in November 2021, the company has only grown and released good news; they purchased a state-of-the-art manufacturing and engineering center with plans to build another 1.2 million square feet of manufacturing space, they increased their reservation limit for the Mullen FIVE EV Crossover to 25,000 reservations proving that they are ready to sell more than 25,000 vehicles, they announced that they are on track to begin deliveries of their fleet of pickup trucks in the second quarter of 2022, which will bring in some $60 million in revenue in the short term. term, they announced partnerships with ARRK, DURR and DSA and a partnership with Comau to develop a body shop for the MULN EV. The biggest news from MULN came on Feb. 28 when the company announced that its solid-state polymer cell testing reveals the potential of a 150-kilowatt-hour battery that delivers over 600 miles of range and puts shows a continuous current of 18 minutes. fast charging that can produce over 300 miles of range, which is a significant step up from current lithium-ion batteries. Everyone knows how hot the electric vehicle market is, with Tesla trading at over $800 billion, making Elon Musk one of the richest men on the planet. MULN at a total valuation of just $47 million, shorted into oblivion, with the guys from GME and AMC currently piling up couldn’t be more exciting here. We’ll update MULN when more details emerge, so make sure you’re subscribed to Microcapdaily so you know what’s going on with MULN.

Disclosure: We do not hold any position in MULN, long or short, and we have not been compensated for this article.

Share.

Comments are closed.