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Mullen Five EV expands reservations due to increased demand

Mullen is a Southern California-based automaker that owns and works with a number of complementary businesses with the same objective of developing sustainable, scalable energy solutions and electric cars. Recently, the company increased the number of reservations for their electric crossover model Five from 5,000 to 25,000. On November the 17th, the company brought up the increased demand thanks to media attention.

Mullen Five EV

“I am gratified by the level of interest on the Mullen Five. Our LA Auto Show booth is seeing strong traffic, positive reaction and response to the Five, the center point of our company effort and focus. We’ve decided to increase the limit of the total number of Five reservations from 5,000 to 25,000 vehicles due to the strong demand in the first three days of the show.”  – Jason Putnam, vice president of marketing for Mullen Automotive

The car comes with a 95 kWh battery that allows for a range of 523 km (325 mi) on a single charge and rapid charging to 80% SoC in 21 minutes.

Mullen Five accelerates from 0 to 60 mph in 3.2 seconds and maxes out at 250 km/h (155 mp/h), while the top-of-the-line RS variant takes just 1.9 seconds to complete the same sprint. The entry-level model is expected to start at around $55,000, including the dual-motor all-wheel setup. Mullen Five electric crossover is expected to begin production in Q3 2023 at a new factory in Tunica, Mississippi, with deliveries starting in the second quarter of 2024, according to the firm.

As of November the 5th, 2021, the company is listed on the NYSE stock market under the ticker symbol $MULN. With an average trading volume of around 1 million due to increased publicity, the company is gaining the interest of a lot of private investors. You can follow Mullen on Instagram.

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