Mullen Automotive to build charging technology for its EVs with Loop

Mullen Automotive Inc. said Wednesday it will partner with Loop Global Inc. to build public and private electric vehicle (EV) charging technology, infrastructure and network solutions. “The partnership will combine Mullen Automotive’s expertise in electric vehicle design and engineering with Loop’s expertise in electric vehicle charging infrastructure to offer a comprehensive solution for businesses, municipalities and residential EV drivers looking to deploy seamless and reliable EV charging stations,” the companies said. Financial terms were not disclosed. The companies are also tapping the Loop Impact Fund for financing. Mullen CEO David Michery said the partnership with Loop will help make Mullen’s EVs “much more user-friendly.” Mullen shares are up 9% in premarket trades.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.