Automotive company Mullen Automotive, Inc. (MULN) distributes and sells electric vehicles (EVs). The company also operates CarHub, a digital platform that leverages artificial intelligence to offer an interactive solution for buying, selling, and owning a car.
On October 19, MULN announced that the U.S. Bankruptcy Court approved its acquisition of EV company Electric Last Mile Solutions’ (ELMS) assets on October 13 in an all-cash purchase. MULN is expected to acquire ELMS’ manufacturing plant, inventory, and intellectual property.
