Mullen Adds High-Performance Mullen FIVE RS to Its

BREA, Calif., May 05, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc† (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces that the high-performance Mullen FIVE RS will be added to the second leg of the “Strikingly Different” US test-drive tour that will first showcase the Mullen FIVE EV Crossover. New tour stops have been planned for spring 2023.

The Mullen FIVE RS is a high-performance EV featuring close to 1,100 horsepower, 0-60 mph in just 1.95 seconds, and a top speed of almost 200 mph. Due to the high-powered capabilities of the FIVE RS, consumers will not be allowed to test drive the vehicle directly at this stage. Instead, Mullen will offer consumers the opportunity to ride in the Mullen FIVE RS alongside a professional IndyCar race car driver, providing an up-close and personal experience in one of the fastest vehicles available globally.

Mullen is now extending the “Strikingly Different” tour to spring 2023 in an effort to increase test drive capacity, with the addition of more FIVE variants, including multiple Mullen FIVE RS vehicles. Initially, Mullen will start the national tour in October 2022 and embark on a 19-city journey across the US over six weeks. Mullen FIVE reservation holders will have the opportunity to test drive and experience the EVs in person during two-day events conducted in each city. As the test drives will be conducted on closed circuits or racetracks, the event will be limited to a set number of drivers per day.

“We’re adding a spring segment in 2023 with additional stops and increasing the number of Mullen FIVEs on tour to ensure as many people as possible can experience the Mullen FIVE,” said David Michery, CEO and chairman of Mullen Automotive. “The RS is a personal project, and I fully intend for this EV to be one of the fastest and most exhilarating vehicles in the world. I’m excited to give people an up-close and personal glimpse of what we are working on. The second leg of the tour will include top racetracks around the country, including a stop at the Bonneville Salt Flats, which is an iconic location for vehicle testing and land speed records.”

Initially, the first leg of the tour will start in Mullen’s home base, Southern California, and will cover 19 major US cities; the full list can be found here† New 2023 tour dates will include the following additional cities:

  • Los Angeles
  • Las Vegas
  • Austin
  • ft. Lauderdale
  • Charlotte
  • New York
  • Detroit
  • Indianapolis
  • Wendover (Bonneville Salt Flats)

Mullen asks interested individuals who have not already done so to book their FIVE reservation here in order to secure a spot on the upcoming national tour. Further details and upcoming progress will be shared on Mullen’s social media platforms and with individuals who opt to stay connected here

About Mullen
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

Forward Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate, ” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements – many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, whether there will be continued interest in the Mullen Automotive stock by retail investors; whether the Company will achieve its objectives of launching its EV crossover, the FIVE, within anticipated timelines and, if so, whether the FIVE will be a success; and whether the test drive tour will occur as contemplated and, if so, whether it will take place in all the cities referenced. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8- K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Wire Service Contact
Investor Wire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com

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