Mullen Automotive, Inc. is an American electric vehicle manufacturer headquartered in Brea, California. The company, formed through the merger of Mullen Motor Cars and Coda Automotive, focuses on developing and producing electric vehicles for both commercial and consumer markets. Under the leadership of David Michery, Mullen has established itself in the competitive EV sector through strategic acquisitions and technological advancements. The company’s portfolio includes various electric vehicle models, from passenger cars to commercial vans, with a particular emphasis on the commercial EV segment. Their acquisition of Bollinger Motors in 2022 expanded their capabilities in electric truck and SUV manufacturing, while their purchase of Electric Last Mile Solutions’ assets provided significant manufacturing infrastructure.
Battery Technology
Mullen Automotive’s battery technology centers on solid-state polymer (SSP) batteries, which offer superior energy density and enhanced safety features compared to traditional lithium-ion systems. The company’s Fullerton, California facility, serving as their primary battery production hub, maintains an annual capacity of 1 GWh. This location houses both high-volume and specialized R&D production lines for standard and SSP batteries.
The integration of SSP technology into their Class 1 EV cargo vans has demonstrated impressive results, with real-world tests achieving ranges exceeding 200 miles – nearly double the previous 110-mile range. This advancement represents a significant improvement in electric vehicle performance capabilities.
Their recent acquisition of Romeo Power’s battery production assets for $3.5 million has strengthened their manufacturing capabilities, providing additional equipment, inventory, and intellectual property for large-scale EV battery pack production. This investment aligns with their strategy to reduce dependence on foreign suppliers while maintaining control over quality and production costs.
Recent Projects
In early 2024, Mullen expanded its battery production capabilities by purchasing additional equipment from Nikola Corporation. This acquisition included a high-volume standard battery chemistry production line and advanced testing equipment. The company has submitted a modified proposal to the U.S. Department of Energy, seeking $55 million in matching funds for manufacturing operations at their Fullerton and Mishawaka facilities. Production at these enhanced facilities is scheduled to begin in the second half of 2025.
Investors
Mullen Automotive’s investor base comprises several institutional stakeholders, including Integrated Advisors Network LLC, Bank of New York Mellon Corp, and M Holdings Securities Inc. The company secured significant financing in May 2024, receiving a $100 million commitment from a family office and generating up to $50 million through senior secured convertible notes from family offices and private investors. These investments demonstrate continued faith in Mullen’s growth strategy and market potential.
Business Details
Location: Brea, California, USA
Website: https://mullenusa.com
LinkedIn: https://www.linkedin.com/company/18938037
