Mullen continues acquisition path with purchase of elms assets including factory in mishawaka, in., enabling ev production for retail and commercial vehicle lines

Brea, ca , oct. 19, 2022 (globe newswire) -- via newmediawire – mullen automotive, inc. (nasdaq: muln) (“mullen” or the “company”), an emerging electric vehicle (“ev”) manufacturer, announces the us bankruptcy court approval on oct. 13th, 2022 of its acquisition of electric vehicle company elms's (electric last mile solutions) assets in an all cash purchase.  in the chapter 7 approved transaction, mullen will acquire elms's manufacturing plant, all inventory and intellectual property.
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