Cleantech & EV'sNews

Mullen Automotive acquires ELMS inventory, manufacturing plant, and IP in all-cash purchase 

Mullen Automotive has absorbed yet another fellow EV start-up. Today’s acquisition includes Electric Last Mile Solutions, or ELMS, which filed for bankruptcy in June. Mullen received court approval last week to acquire ELMS’s Indiana manufacturing facility, its inventory of EVs, and all its intellectual property. Mullen Automotive ($MULN) is a Southern California-based EV start-up founded in…
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