Diligence memo · auto-generated · as of July 2, 2026
Mullen Technologies, Inc.
Mullen Technologies, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Mullen Technologies, Inc. operates in Software / Tech, based in Brea. Thank you for visiting Mullen Commercial! We are happy to answer any questions you may have, just drop us a message, and we will get back to you at the earliest possible.
Capital & rounds (filed)filed
Mullen Technologies, Inc. has raised $506M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $500M on 2017-07-01.
Most recent recorded round closed around 2021-01-07.
Valuation (modeled)modeled
Provath models Mullen Technologies, Inc. at approximately $15M (range $4.0M–$26M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.00× the median modeled value of Growth/Late Software / Tech companies in 2019–2021 (5 peers) — value vs value, same stage and era. Issuer reports $5M–$25M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 5.5 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 952.4× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Software / Tech peers (3920 compared).
Modeled value ranks above 34% of those peers.
Closest niche peers: Digital World Acquisition Corp., REEF Technology Inc., Palantir Technologies Inc., PAX Labs, Inc..
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.