Overall, this agreement marks a significant step forward for both Volt Mobility and Mullen Automotive in the evolving landscape of electric transportation.

Volt's current clientele includes major logistics companies such as UPS, DHL, and FedEx, which operate extensively in the GCC.

Despite facing various challenges, Mullen Automotive continues to grow and counter speculation regarding its sustainability in the competitive EV market.

David Michery, CEO of Mullen Automotive, emphasized that this agreement is crucial for expanding the company's presence in the global transportation market and enhancing visibility among major transportation firms.

Mullen will receive an initial deposit of $3 million within 60 days of the order, with subsequent payments to follow as the vehicles are delivered.

The delivery of the vehicles is scheduled to take place over a 16-month period, starting with the shipment of the first units immediately.

These vehicles, which include both Class 1 and Class 3 electric cargo vans and trucks, are intended for leasing to corporate clients throughout the Gulf Cooperation Council (GCC) region.

This order positions Volt Mobility as one of the largest electric vehicle fleets globally, underscoring its commitment to sustainable transportation.

Volt Mobility, a rapidly growing company based in the UAE, has entered into a significant purchase agreement with Mullen Automotive for 3,000 electric vehicles (EVs) valued at approximately $210 million.

Sophia Nau, CFO of Volt Mobility, highlighted the company's mission to lead the transition towards sustainable and efficient transportation through innovative solutions.

Mullen's electric vehicle lineup is designed for urban last-mile delivery and adheres to strict environmental standards, making them suitable for the GCC market.

The vehicles will be assembled at Mullen's facility in Tunica, Mississippi, which has the capacity to produce 20,000 Class 1 and 6,000 Class 3 vehicles annually.