Mullen Automotive To Establish Mullen Credit Corporation, Aimed At Supporting Its Expanding Dealership Network With Vehicle Floor Planning

Benzinga · 10/14 13:07

Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer,  today announces it will establish Mullen Credit Corporation ("MCC") aimed at supporting its expanding dealership network with vehicle floor planning. Additionally, MCC will  provide fleets and small business customers with attractive financing options. Mullen Credit Corporation will be a wholly owned subsidiary of Mullen Automotive. Floor planning enables dealerships to finance inventory upfront and pay back the loan plus interest when the vehicle is sold.