Mullen Automotive, Inc. ( MULN ) shares are trading lower on Thursday.

Yesterday, the company reported first-quarter net sales of $2.92 million and net loss attributable to common shareholders after preferred dividends of $114.9 million or $661.33 loss per share.

Today, the company announced a strategic partnership with EO Charging to deliver full-scale electrification solutions for Bollinger Motors’ commercial fleet customers.

As per the deal, Bollinger Motors, in collaboration with its national dealer network, is partnering with EO Charging to offer customers a seamless electrification experience. 

Notably, EO Charging offers a comprehensive solution that covers the planning, development, and construction of charging infrastructure, along with cutting-edge charging hardware and advanced management software. 

This integrated approach enables fleet managers to transition to electric trucks while maximizing operational efficiency. 

With a history of delivering more than 50 million charging sessions and deploying over 100,000 charging units across 1,700+ sites worldwide, EO Charging brings extensive expertise to the initiative.

Additionally, the Bollinger B4 Chassis Cab is fully compatible with EO Charging’s hardware, ensuring a smooth and reliable charging experience.

Jim Connelly, chief revenue officer of Bollinger Motors, said, “Electrifying a commercial fleet can feel like a daunting challenge, with many unknowns in infrastructure, scalability and cost.”

“Our partnership with EO Charging eliminates those uncertainties by giving fleet managers access to the expertise, equipment, and end-to-end solutions needed to make electrification seamless and efficient.” 

Price Action: MULN stock is down 21.7% at $5.60 at last check Thursday.

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