Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher on Tuesday.
The company has announced that Emerald Transportation Solutions and Papé Group are working to develop an advanced refrigeration upfit for its all-electric Mullen THREE Class 3 truck.
The partnership aims to transform the Mullen THREE into an ideal solution for transporting perishable goods, tapping into the rapidly growing sectors of home delivery, frozen food, grocery, and beverage transportation.
Emerald, a commercial vehicle upfitter with over 55 years of experience, is known for its successful track record in outfitting vehicles for companies in the frozen food and beverage industries.
Their expertise in custom vehicle conversions and refrigeration equipment installation will ensure that the Mullen THREE can efficiently and safely transport perishable goods.
The Mullen THREE’s versatile chassis, capable of supporting bodies up to 14 feet long and over 5,300 lbs of payload, makes it an ideal platform for this reefer upfit. The collaboration allows Mullen to expand its offerings in the commercial EV market, providing sustainable, efficient transportation solutions for businesses of all sizes.
David Michery, CEO and Chairman of Mullen Automotive, expressed enthusiasm for the project, stating that the partnership aligns with the company's commitment to providing innovative electric vehicle solutions for the growing demand in the perishable goods transport sector.
Price Action: MULN shares are trading higher by 0.98% at $2.898 at last check Tuesday.
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