Veteran EV startup Mullen Automotive is touting a manufacturing milestone as we speak because it has formally begun assembling its Mullen THREE Class 3 electrical vans. With manufacturing now underway in Mississippi, Mullen shared its timeline for buyer deliveries along with annual output targets.

Mullen Automotive ($MULN) is a Southern California-based EV startup based in 2014 that’s approaching a 10-year journey to ship reasonably priced EVs constructed fully on US soil. Regardless of coming shut twice, the corporate has but to ship a passenger EV to market.

This resulted in a 2020 merger through which Mullen pivoted its enterprise technique towards its personal bespoke EV mannequin – the FIVE crossover SUV. The startup turned some heads in September 2022 when it claimed a majority stake in Bollinger Motors’ industrial EV enterprise, vowing to resurrect the latter’s ill-fated B1 and B2 electrical vans into manufacturing as effectively.

Simply over a month later, Mullen Automotive acquired one other EV startup, Electrical Final Mile Options (ELMs) and all its belongings, together with a 650,000-square-foot manufacturing facility in Indiana. Whereas Mullen continues to develop passenger EVs below its namesake and Bollinger manufacturers, its first car to achieve scaled manufacturing might be within the industrial house – the Class 3 Mullen THREE.

Mullen reaches manufacturing of the THREE EV truck

Mullen Automotive shared particulars of its lively meeting traces in a press launch as we speak, relaying that THREE manufacturing is underway and can regularly ramp up from September by way of December of this 12 months. Per Mullen chairman and CEO David Michery:

I’m proud to announce that our Class 3 car line is now in manufacturing mode at our Tunica facility. Our staff has been working seven days every week, day and night time, getting this plant reconfigured and prepared for Class 3 manufacturing.

Mullen’s Tunica facility sits upon greater than 100 acres of Mississippi land, providing a manufacturing footprint of over 120,000 sq. toes. This particular location might be devoted to the meeting of the corporate’s Class 1 to three industrial EVs. When totally ramped later this 12 months, Mullen anticipates a manufacturing capability of three,000 Class 3 EVs per 12 months.

The Mullen THREE begins at an MSRP of $68,500 and, based on its makers, ought to qualify for as much as $7,500 in federal tax incentives for US prospects. So far, Mullen says it has orders for over 1,250 THREE EVs, equating to $79 million in buy orders, ought to all of them come to fruition.

With manufacturing now underway, Mullen Automotive says the Class 3 EV deliveries ought to start this month. Right here’s a better have a look at the Mullen THREE: