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Mullen Automotive, Inc.. (NASDAQ: MULN) announces the filing of its ATVM loan application for the Mullen ONE EV Cargo Van program with the U.S. Department of Energy. The application was filed on April 29, 2022.
Mullen submitted his prequalification on April 25, 2022 and was invited by the Department of Energy to formally submit his loan application on April 29, 2022. Mullen submitted the loan application on April 29 at approximately 1:55 p.m. PT .
“We are proud to announce the submission of our ATVM loan application for the Mullen ONE EV Cargo van program,” said David Michery, CEO and President of Mullen Automotive. “We started our ATVM lending journey in 2019, and the DOE has been tracking our progress since then. I would like to thank the entire Mullen Automotive team for working diligently on this submission. I also want to thank the DOE for their continued support of our initiative to get Americans back to work. This is an important milestone for us, with many more to follow.
The Mullen ONE EV is a Class 1 light-duty van rated at less than 6,000 pounds GVRW and will be one of the first electric utility vehicle offerings in this class. Market leaders in the Class 1 light-duty van category include the Ford Transit Connect and the Ram Promaster City Cargo Van. To learn more about Mullen’s EV vans, visit Mullenusa.com.
The ATVM Loan Program was authorized by the Energy Independence and Security Act of 2007 to support the manufacture of qualifying light-duty vehicles and qualifying components in the United States. Since the program began, the Department of Energy has secured more than $8 billion in loans.