Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today issues an update on testing and installation of Energy Management Modules ("EMM") on 40 Chevrolet Bolts within the Washington, D.C., city government's vehicle fleet.
The testing is being conducted in collaboration with Mullen Advanced Energy Operations ("MAEO"), which is a 51%-owned subsidiary of Mullen Automotive, with EV Technologies, LLC and Global EV Technology, Inc. as partners. The $680,000 contract was previously awarded by the District of Columbia, Washington, D.C., to EV Technologies, LLC for the purchase and installation of EMM units on Chevrolet Bolts with the D.C. city government's vehicle fleet.
The initial phase of contract execution requires vehicle calibration testing on a dynamometer. Mullen and EV Technologies' team of engineers were onsite in D.C. this week to perform the required tests, including the dyno testing, with the first wave of vehicles completed as planned. The phase two planned for next week includes the installation of the EMM units and a second dyno test before the vehicles are placed back into rotation for the D.C. city government to use with the EMM installed.
Previous testing has indicated that Energy Management Module ("EMM") technology substantially increases the driving range and efficiency of any electric vehicle. In March 2021, Element Materials Technology conducted specific vehicle testing on 2020 Chevy Bolts installed with EMM units, with test results indicating a calculated increase in range from 269 to 431 miles, which is a 60% increase in efficiency.
"I am very pleased with the progress the team has made this week executing the D.C. plan on time. We are expecting next week to have EMM units installed and vehicles back in rotation for the D.C. city fleet," said David Michery, CEO and chairman of Mullen Automotive.