Mullen ONE Electric Cargo Van Enters Turo Rental Market
BREA, Calif., Nov. 12, 2024 – Mullen Automotive, Inc. (NASDAQ: MULN), an electric vehicle (EV) manufacturer, announced today that its Mullen ONE, a Class 1 EV cargo van, is now available for rental on Turo, the world’s largest vehicle sharing marketplace.
Parasol Strategic Solutions, a high-level Turo host based in Florida, identified a growing need for compact and efficient cargo vans in their market. Recognizing the demand for sustainable, urban-friendly transport, Parasol chose the Mullen ONE. “The Mullen ONE aligns perfectly for a cargo van rental option on Turo, offering a nimble, eco-friendly solution that meets the expectations of businesses seeking on-demand, cost-effective transportation options,” said Bradley Shaw of Parasol Strategic Solutions.
The initial pilot program will launch in Jacksonville, Florida, with plans for a second pilot in Baltimore, Maryland.
“This is a gateway opportunity for businesses of all sizes to experience the performance and benefits of Mullen’s Class 1 EV cargo van,” said David Michery, CEO and chairman of Mullen Automotive.
Mullen’s commercial EV lineup includes the Mullen ONE Class 1 EV cargo van and the Mullen THREE, a Class 3 EV cab chassis truck, both designed for last-mile delivery. These vehicles are compliant with U.S. Federal Motor Vehicle Safety Standards and hold EPA and CARB certifications.
The Mullen THREE is eligible for a $15,000 incentive through the Massachusetts MOR-EV program and a $45,000 cash rebate voucher via the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP). The Mullen ONE is also eligible for the MOR-EV program, with a $3,500 rebate available in Massachusetts. Combined with the $7,500 Federal Tax Incentive, these incentives offer significant savings for commercial fleet customers.
About Mullen Automotive
Mullen Automotive is a California-based automotive company developing commercial electric vehicles (EVs). The company has two U.S.-based vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana. Commercial vehicle production began in Tunica in August 2023. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles, offering up to $7,500 per vehicle to eligible customers.
As of January 2024, both the Mullen ONE and Mullen THREE are CARB and EPA certified and available for sale in the U.S. CARB has also approved HVIP for the Mullen THREE. The company has expanded its commercial dealer network and has received Foreign Trade Zone (FTZ) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center, offering benefits such as duty deferment and elimination on exported vehicles.
Mullen Automotive’s website provides more information about the company.
