Mullen’s electric Class 2 cargo van can carry nearly 3,300 pounds of payload over 200 miles (Photo: Shutterstock)
Mullen stock was up about 5% during midday trading after jumping more than 15% premarket.
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“This agreement is a milestone for Mullen Automotive,” said David Michery, CEO and chairman of Mullen. “DelPack is a leader in last-mile package delivery and this agreement puts our Class 1 cargo van program front and center for last-mile delivery opportunities.”
Under the agreement, DelPack will place a purchase order for up to 600 electric Class 2 cargo vans within the next 18 months. The first 300 vans can be delivered to DelPack by Nov. 30, and all sales must be completed within the U.S.
The vans themselves resemble traditional gas-powered vans, with airbags, adjustable seats, cupholders and an infotainment system. They are capable of carrying nearly 3,300 pounds of payload over a range of 200-plus miles between charges.
“DelPack is excited about an opportunity to take part and participate in a global green and sustainable initiative,” said Eugene Goldberg, a partner at DelPack.
