Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, and Mullen Automotive Inc. have announced that the Mullen FIVE electric vehicle (“EV”) crossover has been nominated for the ZEVA People’s Choice Top EV Crossover. Mullen is an emerging EV manufacturer, and the two companies are in the process of a stock-for-stock reverse merger agreement. The ZEVA award winners will be announced at the prestigious Los Angeles International Auto Show (“LAIAS”), which will be held Nov. 19–28, 2021. Public voting is open through Oct. 20, 2021. The Mullen FIVE EV will be unveiled at the LA Auto Show on the first day, scheduled for the international media and press. After its initial debut, the FIVE will be on display throughout the remainder of the show. The proprietary vehicle is built on an EV crossover skateboard platform that features multiple powertrain configurations and trim levels in a svelte design. “I am pleased to announce the Mullen FIVE has been nominated as a Top EV contender as part of LA Auto Show’s ZEVA Awards,” said David Michery, Mullen Automotive CEO and chair, in the press release. “The Mullen FIVE is a fantastic EV crossover that competes very well against an impressive set of EV competitors. The LA Auto Show is one of the most well-respected and attended international auto shows in the world, and both myself and the Mullen team are very excited to debut the FIVE there in November.”
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About Net Element Inc.
Net Element operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the United States and selected emerging markets. For additional information about the company, visit www.NetElement.com.
NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
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