Mullen's Refrigerated EV Truck: A Game Changer for Perishable Goods
Monday, Dec 2, 2024 11:14 am ET
Mullen Automotive (NASDAQ: MULN) has recently announced a strategic partnership with Emerald Transportation Solutions and the Papé Group to introduce a refrigerated electric vehicle (EV) truck solution. This collaboration opens new doors for the transportation of perishable goods, offering businesses a sustainable and efficient alternative to traditional internal combustion engine (ICE) trucks.
The refrigerated Class 3 EV box truck, developed by Mullen in collaboration with Emerald and Papé, is designed to cater to rapidly expanding categories such as home delivery, frozen food, grocery, and beverage transportation. This innovative solution aligns with Mullen's commitment to providing sustainable and efficient transportation solutions for businesses of all sizes and industries.
Emerald, a leading commercial refrigeration vehicle upfitter with over 55 years of experience, brings its expertise in customizing vehicles for perishable goods transportation to the partnership. Pape, a premier capital equipment provider in the West, offers top-quality equipment, convenient maintenance service, and unmatched customer service, further strengthening the collaboration.
The Mullen THREE Class 3 electric truck, the platform for the refrigerated upfit, comes with a versatile chassis that provides a clean top-of-rail for easy upfitting with bodies up to 14 feet long and over 5,300 lbs of payload. This makes it an ideal platform for the reefer upfit, ensuring efficient and safe operation of the refrigerated Class 3 EV box trucks.
Mullen's commercial EV lineup, which includes the Class 1 EV cargo van (Mullen ONE) and the Class 3 EV cab chassis truck (Mullen THREE), is purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. The Mullen THREE has recently been qualified for a $15,000 incentive through the State of Massachusetts MOR-EV program and a $45,000 cash rebate voucher through the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP). The Mullen ONE is also eligible for the MOR-EV program with a $3,500 rebate in Massachusetts. When combined with the $7,500 Federal Tax Incentive, both vehicles offer substantial savings for commercial fleet customers.
The refrigerated EV truck market is projected to grow at a significant rate, driven by stricter emission regulations and demand for sustainability. Mullen's partnership with Emerald and Pape positions it well to capture a larger share of this growing market. By combining Mullen's innovative EV technology, Emerald's upfitting expertise, and Pape's extensive service network, this collaboration strengthens Mullen's position in the rapidly expanding categories of home delivery, frozen food, grocery, and beverage transportation, offering a competitive edge in the commercial EV market.

This strategic alliance brings significant advantages for Mullen, Emerald, and Pape. For Mullen, it opens new markets like home delivery, frozen food, and beverage transportation, expanding its commercial EV reach. Emerald gains a foothold in the growing EV market, leveraging its 55+ years of experience in refrigerated vehicles. Pape enhances its EV offerings, aligning with its commitment to providing sustainable solutions. Technologically, this collaboration may spur innovation in EV refrigeration systems.
In conclusion, Mullen's refrigerated EV truck solution, in partnership with Emerald and Pape, presents a compelling opportunity for businesses seeking sustainable and efficient transportation for perishable goods. This collaboration aligns with the growing demand for eco-friendly solutions and positions the partners well to capture a larger share of the expanding refrigerated EV truck market. As the global shift towards sustainability continues, investments in innovative solutions like Mullen's refrigerated EV truck are likely to yield strong returns for investors.