Mullen Five Concept Car From Failed Startup Listed for Sale
The one-off electric SUV, developed by Mullen Automotive, is now available to private buyers following the company's financial collapse.
The Mullen Five, a concept electric SUV developed by the now-defunct EV startup Mullen Automotive, has been listed for sale. The vehicle represents one of the few physical prototypes produced by the company before it ceased operations.
What Happened
Mullen Automotive, which faced significant financial difficulties and ultimately failed, had previously showcased the Mullen Five as a potential production model. The vehicle, described as a concept car, is now being offered to the public. Specific details regarding the asking price and current condition were not immediately available in the initial report, but the listing marks a tangible asset from the company's brief existence.
Why It Matters
The sale of the Mullen Five highlights the residual assets left behind by failed EV startups. For collectors or EV enthusiasts, owning a one-off concept from a company that never reached mass production offers a unique piece of automotive history. However, it also serves as a reminder of the high risks involved in the EV sector, where many companies struggle to transition from concept to commercial viability.
The Bottom Line
The Mullen Five concept car is now available for purchase, offering a rare opportunity to own a vehicle from a failed EV manufacturer. Buyers should proceed with caution, given the lack of production support and the vehicle's status as a non-production prototype.
