Mullen Automotive Inc. Rebrands as Bollinger Innovations, Secures New NASDAQ Ticker Symbol BINI

Mullen Automotive Inc. (NASDAQ: MULN) has announced a significant rebranding effort, changing its name to Bollinger Innovations, Inc., with the new NASDAQ ticker symbol BINI awaiting an effective date. This strategic move underscores the company’s focus on innovation within the commercial electric vehicle (EV) sector. The Oceanside, California, Commercial Vehicle Center will now operate under the Bollinger Innovations name, aligning with the company’s refreshed identity.

The rebranding coincides with Mullen’s expansion of its commercial EV lineup, which includes the Mullen ONE (Class 1), Mullen THREE (Class 3), and the newly designed Bollinger B4, a Class 4 electric truck boasting a 185-mile range and a 7,325-pound payload. These vehicles are not only federally certified but also comply with the California Air Resource Board (CARB) standards, ensuring they meet stringent environmental and performance criteria.

Since August 2023, Mullen has commenced commercial vehicle production in Tunica, Mississippi, and achieved IRS approval for federal EV tax credits, offering eligible customers up to $7,500 per vehicle. The Mullen ONE and Mullen THREE have received CARB and EPA certifications, making them available for sale across the U.S. The CARB-issued HVIP approval for the Mullen THREE provides a significant incentive, with up to a $45,000 cash voucher available at the time of purchase.

Further expanding its market presence, Mullen has grown its commercial dealer network to seven, including the recent addition of Papé Kenworth. This network, spanning key regions across the U.S., ensures comprehensive sales and service coverage. Additionally, the company’s Tunica manufacturing center has been granted Foreign Trade Zone (FTZ) status, offering benefits such as duty deferment and elimination on exported vehicles.

This rebranding to Bollinger Innovations represents a pivotal moment for the company, signaling its commitment to leading the charge in the commercial EV market. With a robust lineup of certified vehicles, an expanding dealer network, and strategic manufacturing advantages, Bollinger Innovations is poised for significant growth in the evolving electric vehicle landscape.

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