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Volt Mobility and Mullen Automotive Strike $210 Million Deal for 3,000 EV Cargo Vans and Trucks

Mullen Automotive, Inc. is making waves in the electric vehicle industry with its recent partnership with Volt Mobility, a leading commercial leasing company based in the United Arab Emirates (UAE). The collaboration between Mullen and Volt has resulted in a significant purchase agreement for approximately $210 million, with Volt committing to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16-month period.

The deal marks a major milestone for Mullen, as it will not only bring in substantial revenue but also expand the company’s presence in the Middle East and Gulf States. Volt’s impressive client list includes global logistics giants such as UPS, DHL, and FedEx, operating throughout the Gulf Cooperation Council (GCC) region, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.

The vehicles included in the order will be assembled at Mullen’s state-of-the-art Commercial Vehicle Facility in Tunica, Mississippi. This facility has the capacity to produce 20,000 Class 1 and 6,000 Class 3 vehicles annually, showcasing Mullen’s commitment to meeting the growing demand for electric commercial vehicles in the market.

Volt Mobility, founded in 2020, has quickly established itself as a key player in the commercial EV leasing sector in the UAE. With a focus on sustainability and cutting-edge transportation solutions, Volt is at the forefront of the region’s shift towards cleaner and more efficient mobility options. The company’s portfolio includes a diverse range of electric vehicles tailored for various industrial applications, catering to the needs of businesses in logistics, manufacturing, and other sectors.

The UAE has set ambitious goals for decarbonizing its infrastructure and energy production, with strategies in place to achieve 100% clean energy generation by 2050. The country’s commitment to e-mobility aligns perfectly with Volt’s mission to lead the transformation towards sustainable transportation solutions.

David Michery, CEO and chairman of Mullen Automotive, expressed excitement about the partnership with Volt, highlighting the opportunity to work with leading global transportation companies and expand the use of Mullen EVs in the UAE and other parts of the Middle East. The agreement with Volt not only solidifies Mullen’s position in the market but also underscores the growing demand for electric commercial vehicles in the region.

In conclusion, the collaboration between Mullen Automotive and Volt Mobility represents a significant step forward in the adoption of electric vehicles for commercial use in the UAE and beyond. With a focus on sustainability, efficiency, and innovation, both companies are poised to drive positive change in the transportation industry and contribute to a cleaner and greener future.

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