Mullen to Begin Immediately Accepting Cryptocurrency, Including Bitcoin and $TRUMP Meme Coin, for the Purchase of Mullen and Bollinger Commercial Electric Vehicles
Mullen Automotive (NASDAQ: MULN) has announced it will begin accepting cryptocurrency, including Bitcoin and $TRUMP meme coin, as payment for its commercial electric vehicles. The company, which manufactures both Mullen and Bollinger EVs, positions itself as one of the few vehicle manufacturers accepting crypto payments.
The company's commercial lineup includes the Mullen ONE (Class 1 EV cargo van), Mullen THREE (Class 3 EV cab chassis truck), and Bollinger B4 Chassis Cab (Class 4 commercial truck). The Bollinger B4 features a 158-kWh battery pack, 185-mile range, and 7,325-pound payload capacity.
Mullen Automotive (NASDAQ: MULN) ha annunciato che inizierà ad accettare criptovalute, tra cui Bitcoin e la meme coin $TRUMP, come metodo di pagamento per i suoi veicoli elettrici commerciali. L'azienda, che produce sia i veicoli Mullen che Bollinger, si presenta come uno dei pochi produttori di veicoli ad accettare pagamenti in criptovaluta.
La gamma commerciale dell'azienda include il Mullen ONE (furgone elettrico da carico di Classe 1), il Mullen THREE (camion con cabina e telaio elettrico di Classe 3) e il Bollinger B4 Chassis Cab (camion commerciale di Classe 4). Il Bollinger B4 dispone di una batteria da 158 kWh, un'autonomia di 185 miglia e una capacità di carico di 7.325 libbre.
Mullen Automotive (NASDAQ: MULN) ha anunciado que comenzará a aceptar criptomonedas, incluyendo Bitcoin y la meme coin $TRUMP, como forma de pago para sus vehículos eléctricos comerciales. La compañía, que fabrica tanto los vehículos Mullen como Bollinger, se posiciona como uno de los pocos fabricantes de vehículos que aceptan pagos en criptomonedas.
La línea comercial de la empresa incluye el Mullen ONE (furgoneta eléctrica de carga Clase 1), el Mullen THREE (camión con chasis y cabina eléctricos Clase 3) y el Bollinger B4 Chassis Cab (camión comercial Clase 4). El Bollinger B4 cuenta con una batería de 158 kWh, un alcance de 185 millas y una capacidad de carga de 7,325 libras.
Mullen Automotive (NASDAQ: MULN)가 상업용 전기차에 대한 결제 수단으로 비트코인과 $TRUMP 밈 코인을 포함한 암호화폐를 받기 시작한다고 발표했습니다. Mullen과 Bollinger 전기차를 모두 제조하는 이 회사는 암호화폐 결제를 받는 몇 안 되는 차량 제조업체 중 하나로 자리매김하고 있습니다.
회사의 상업용 라인업에는 Mullen ONE (클래스 1 전기 화물 밴), Mullen THREE (클래스 3 전기 캐브 섀시 트럭), 그리고 Bollinger B4 Chassis Cab (클래스 4 상업용 트럭)이 포함됩니다. Bollinger B4는 158kWh 배터리 팩, 185마일 주행 거리, 7,325파운드 적재 용량을 자랑합니다.
Mullen Automotive (NASDAQ : MULN) a annoncé qu'il commencera à accepter les cryptomonnaies, y compris Bitcoin et la meme coin $TRUMP, comme moyen de paiement pour ses véhicules électriques commerciaux. L'entreprise, qui fabrique à la fois les véhicules Mullen et Bollinger, se positionne comme l'un des rares constructeurs automobiles à accepter les paiements en crypto.
La gamme commerciale de la société comprend le Mullen ONE (fourgon électrique de classe 1), le Mullen THREE (camion avec cabine et châssis électrique de classe 3) et le Bollinger B4 Chassis Cab (camion commercial de classe 4). Le Bollinger B4 est équipé d'une batterie de 158 kWh, d'une autonomie de 185 miles et d'une capacité de charge utile de 7 325 livres.
Mullen Automotive (NASDAQ: MULN) hat angekündigt, Kryptowährungen, darunter Bitcoin und die $TRUMP Meme Coin, als Zahlungsmittel für seine kommerziellen Elektrofahrzeuge zu akzeptieren. Das Unternehmen, das sowohl Mullen- als auch Bollinger-EVs herstellt, positioniert sich als einer der wenigen Fahrzeughersteller, die Krypto-Zahlungen akzeptieren.
Die kommerzielle Produktpalette des Unternehmens umfasst den Mullen ONE (Elektro-Transporter der Klasse 1), den Mullen THREE (Elektro-Lkw mit Fahrerhaus und Fahrgestell der Klasse 3) und den Bollinger B4 Chassis Cab (kommerziellen Lkw der Klasse 4). Der Bollinger B4 verfügt über einen 158-kWh-Akku, eine Reichweite von 185 Meilen und eine Nutzlast von 7.325 Pfund.
- Expansion of payment options to include cryptocurrencies could attract new customer segments
- One of few vehicle manufacturers accepting crypto payments, providing competitive differentiation
- Full compliance with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications
- Diverse commercial EV lineup spanning Class 1 through Class 4 vehicles
- Cryptocurrency's price volatility could create financial risks for the company
- Acceptance of meme coins like $TRUMP might affect company's credibility in traditional markets
- No mention of sales volumes or revenue projections from this initiative
Insights
Mullen's crypto acceptance, including controversial $TRUMP coin, is a differentiation play in a competitive EV market with uncertain revenue impact.
Mullen Automotive's decision to accept cryptocurrency payments represents a strategic market differentiation attempt in the competitive EV landscape. By accepting Bitcoin and notably the $TRUMP meme coin, Mullen positions itself as one of the few vehicle manufacturers embracing crypto payments, potentially opening access to crypto-wealthy buyers.
This move has several business implications. First, it could reduce transaction costs compared to traditional payment processors. Second, it may attract a niche but passionate crypto-holding customer segment. However, the practical impact is likely limited by crypto's price volatility and the additional complexities of processing these transactions.
The inclusion of the $TRUMP meme coin specifically is particularly noteworthy. This highly volatile meme coin brings additional risk exposure compared to established cryptocurrencies like Bitcoin. While it might generate publicity, it also introduces significant settlement risk and potential regulatory scrutiny.
From a financial perspective, this announcement doesn't address fundamental business metrics. Mullen hasn't disclosed how they'll manage crypto price volatility, whether they'll immediately convert to fiat currency, or what percentage of sales they expect through this payment channel. Without these details, the revenue impact remains highly uncertain.
The move appears aimed at generating publicity and differentiating Mullen in a crowded EV market where the company still struggles to achieve significant production scale compared to larger competitors. While innovative, this payment method expansion doesn't address core challenges around production capacity, cash flow, or sustainable market share growth.
Company to begin acceptance of cryptocurrency to expand addressable EV market
BREA, Calif., June 25, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that the Company is accepting cryptocurrency (“crypto”), including Bitcoin and the $TRUMP meme coin, for the purchase of both Mullen and Bollinger commercial electric vehicles.
The Company is currently one of the only vehicle manufacturers to accept cryptocurrency as payment form on vehicle purchases. The Company is also investigating acceptance of additional types of crypto, including other popular meme and stable coins.
“The increasing acceptance of cryptocurrency as a form of payment expands Mullen’s ability to deliver its product to a broader audience at the commercial and consumer levels,” said David Michery, CEO and chairman of Mullen Automotive.
To learn more about the purchase of a Mullen or Bollinger vehicle using cryptocurrency, please visit MullenUSA.com.
Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van, and the Mullen THREE, Class 3 EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board (“CARB”) certifications denoting strict adherence to clean air emissions standards.
The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique Quad-Bend chassis design protects the 158-kWh battery pack and components to offer unparalleled capability, maneuverability, and safety in the commercial market. The vehicle has a 185-mile range, 46-foot turning radius and a payload of 7,325 pounds, making it ideal for a variety of urban operations.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. The Company’s commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.
In September 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
To learn more about the Company, visit www.MullenUSA.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to what impact, if any, the acceptance of cryptocurrency as a payment form will have on vehicle sales. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
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FAQ
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