GreenEnergyBreaks Archive - Page 11 of 94

WednesdayAug 21, 2024 11:53 am

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary to Begin Production of All-New Class 4 Commercial Truck in September

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that Bollinger Motors, its subsidiary, intends to begin production of saleable units of the Bollinger B4 Chassis Cab, an all-new Class 4 commercial EV truck, on September 16, 2024. Bollinger Motors is partnering on production with Roush Industries, which provides contract manufacturing services from its facility in Livonia, Michigan. According to the announcement, deliveries and revenue recognition of the B4 EV truck is expected to begin in October 2024. “We are already experiencing strong momentum in the market from important customers throughout the country,” commented Jim Connelly, chief…

TuesdayAug 20, 2024 12:44 pm

GreenEnergyBreaks — Lucid Group Inc. (NASDAQ: LCID) Announces New Leasing Options for Customers in Canada

Lucid Group (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, today announced that customers in Canada can now access flexible, transparent, and competitive leasing options. This follows Lucid Financial Services’ introduction of leasing to its portfolio of finance options in Canada. “Not all electric vehicles are created equal, and now Canadian customers can experience the unrivaled performance and interior space of Lucid while taking advantage of flexible financing options designed to fit their life,” commented Peter Rawlinson, CEO and CTO of Lucid. “Our online process will also offer a high level of personalized support throughout to ensure the…

MondayAug 19, 2024 11:41 am

GreenEnergyBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Continues to Expand Presence in Higher Education Sector with New Vehicle Order

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the sale of the Mullen THREE, Class 3 EV box truck uplift to the facilities operations unit at Princeton University. The Mullen THREE is expected to support the unit’s campus operations as well as contribute to its overall sustainability goals, including reaching zero emissions for on-campus university service vehicles. According to the announcement, the Princeton, New Jersey-based unit has selected the Mullen THREE not only for its zero emissions operation but also for overall vehicle versatility. Mullen’s nationally known EV dealer partner, Pritchard EV, fulfilled the vehicle order.…

FridayAug 16, 2024 2:28 pm

GreenEnergyBreaks — Correlate Energy Corp. (CIPI) Addressing ‘Significant Problem’ with Resilient Energy Solutions

Correlate (OTCQB: CIPI), a tech-enabled development, finance and fulfillment platform for distributed energy solutions across North America, is driving scalability in the microgrid energy distribution market. This follows a new partnership between its subsidiary Distributed Energy Capital (“DEC”) and clean energy development innovator Compass Energy that will establish the United States’ first microgrid utility. “The landmark initiative by Distributed Energy Capital and Compass Energy Platform to adopt renewable utility infrastructure is for Ohio’s Cuyahoga County. The county formed Cuyahoga Green Energy (‘CGE’) three years ago as a utility focused entirely on renewable energy and resiliency. CGE’s project differs from traditional…

TuesdayAug 13, 2024 1:37 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Financial Results, Business Update

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, is providing a financial and business report for the three- and nine-month period ended June 30, 2024. Highlights of the report indicate a positive stockholders’ equity of $53 million and total assets of $192 million. The report also noted, among other key milestones, that the company has secured a substantial $250 million new financing commitment; has announced a lease program for Class 1 EV cargo vans created with a focus on individuals, small businesses and fleets; and has received an order for 20 Mullen-GOs from GAMA (“GAMA”), one of its international distributors. In…

MondayAug 12, 2024 1:05 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Follow-On Order from UVA

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received an order for one Mullen One, a Class 1 EV cargo van, from the University of Virginia for the school’s fleet of commercial vehicles. According to the announcement, the order, which follows an earlier purchase the university made last year, will be fulfilled by Mullen’s commercial retail dealer partner, Randy Marion Automotive Group (“RMA”). The company also noted that it recently received a $7.7 million, 180-vehicle order from its dealer partner Eco Auto. The two orders represent a growing demand for Mullen's electric commercial vehicles, the announcement pointed out. The…

FridayAug 09, 2024 2:01 pm

GreenEnergyBreaks — Expion360 Inc. (NASDAQ: XPON) Closes on Underwritten Public Offering Estimated at $10M Value

Expion360 (NASDAQ: XPON), a lithium-ion battery power storage solutions company, has closed on a firm commitment underwritten public offering. According to the announcement, the offering is estimated to result in $10 million gross proceeds before standard deductions. The offering is comprised of 50,000,000 common units or prefunded units, with each unit consisting of one share of XPON common stock or one prefunded warrant to purchase one share of common stock, two Series A warrants each to purchase one share of common stock, and one Series B warrant to purchase such number of shares of common stock as determined in the…

ThursdayAug 08, 2024 3:41 pm

GreenEnergyBreaks — Mullen Automotive Inc.’s (NASDAQ: MULN) Boston Area Dealer Plans Expansion to Meet Demand, Makes New Order

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its Boston area dealer, Eco Auto, a dedicated EV dealer, intends to expand to cover national fleet opportunities in Pennsylvania, Connecticut, Rhode Island, New Hampshire, Maine and Vermont. The expansion aims to meet the growing demand for commercial EVs and support Mullen’s full line of commercial EVs in these regions. Eco Auto’s expansion includes the purchase of 180 EVs (130 Mullen Class 1 EV cargo vans and 50 Class 3 EV trucks) over the next 18 months. The order is valued at an estimated $7.7 million, with…

WednesdayAug 07, 2024 1:05 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Promotes ‘Invaluable Asset’ to Position of President of Commercial EV Division

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced John Taylor as president of its commercial EV division. In his new role, Taylor will oversee the company’s commercial vehicle operations, including engineering, supply chain management and manufacturing. Taylor, who brings a great breath of experience with a career spanning more than 35 years, also retains his role as senior vice president of global manufacturing for Mullen Automotive. He joined Mullen in 2021 and has played a pivotal role in the development and successful launch of the Mullen ONE Class 1 EV cargo van and Mullen THREE Class…

TuesdayAug 06, 2024 10:17 am

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Shares Update from CEO

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today provided an update from CEO and chairman David Michery. According to the update, the company believes it has a strong foundation for future growth in EV sales based on the value of its total assets and cash position. Mullen highlighted the $250 million in new financing commitments it has secured to accelerate its growth plan, the expansion of its sales and distribution reach, the receipt of new orders, the delivery of vehicles, and negotiations to expand its customer base and market share. In addition, Mullen noted that it is…

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