Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Friday.
The company introduced a new lease program for the Mullen ONE, a Class 1 EV cargo van.
Named BizEV, the program targets well-qualified individuals, small businesses, and fleets, and is available through Mullen authorized dealers.
BizEV offers a smooth transition to electric vehicles with a 3-year lease option starting at $475 per month, plus taxes and fees.
"By offering flexible lease options, we are making our commercial EVs available for a wider range of customers, in line with our mission to accelerate the adoption of sustainable transportation solutions," said David Michery, CEO and chairman of Mullen Automotive.
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This program includes scheduled vehicle maintenance and is aimed at individuals, small businesses, and fleets.
Mullen said it aims to simplify and make commercial electric vehicle ownership more accessible.
BizEV will meet the varied needs of small businesses, providing flexible and affordable ways to enjoy the benefits of Mullen ONE ownership without traditional upfront costs.
The Mullen ONE is a Class 1 commercial electric vehicle, specifically designed for urban last-mile delivery, navigating narrow streets and residential roads while maximizing payload and cargo space, making it ideal for various commercial uses.
Price Action: MULN shares are trading lower by 5.94% to $0.95 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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