Mullen Automotive develops solid-state polymer (SSP) batteries offering superior energy density and safety. Its Fullerton, California facility has 1 GWh annual battery production capacity with high-volume and R&D lines. Integration of SSP tech in Class 1 EV cargo vans achieves ranges >200 miles. In 2022, Mullen acquired Romeo Power’s battery assets for $3.5 million to bolster large-scale battery pack production.
Mullen’s product lineup includes passenger electric cars and Class 1 EV cargo vans featuring SSP batteries with ranges exceeding 200 miles. Its acquisition of Bollinger Motors extends capabilities into electric trucks and SUVs, and Electric Last Mile Solutions’ assets enhance its manufacturing infrastructure.
In early 2024, Mullen acquired additional battery production equipment from Nikola Corporation, including a high-volume standard chemistry line and advanced testing equipment. It submitted a proposal to the U.S. Department of Energy seeking $55 million in matching funds for manufacturing at its Fullerton and Mishawaka facilities, with production slated to begin in 2025.
Institutional stakeholders include Integrated Advisors Network LLC, Bank of New York Mellon Corp, and M Holdings Securities Inc. In 2024, Mullen secured a $100M commitment from a family office and up to $50M through senior secured convertible notes from family offices and private investors.
