Welcome to our dedicated page for Mullen Automotive news (Ticker: MULN), a resource for investors and traders seeking the latest updates and insights on Mullen Automotive stock.
Mullen Automotive Inc. (formerly trading as MULN and now operating as Bollinger Innovations, Inc. under the symbol BINI) generates frequent news coverage around its electric vehicle activities, corporate restructuring and capital‑markets developments. Company press releases highlight progress in commercial EV production, expansion of dealer and service networks, and the evolution of its relationship with majority‑owned subsidiary Bollinger Motors.
News items commonly describe the company’s commercial EV lineup, including the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 EV cab chassis truck, as well as Bollinger Motors’ Bollinger B4 Class 4 all‑electric commercial truck. Coverage often focuses on regulatory certifications, such as CARB and EPA approvals, and participation in state and federal incentive programs that support fleet electrification.
Another recurring theme in MULN/BINI news is corporate and strategic change. Articles and filings have detailed Mullen’s acquisition and increasing ownership stake in Bollinger Motors, the consolidation of Mullen and Bollinger operations, and the 2025 corporate name change to Bollinger Innovations, Inc. with a corresponding Nasdaq ticker change from MULN to BINI. Updates on cost‑reduction efforts, operational consolidation to locations such as Oak Park, Michigan, and legal settlements, including the transfer of the Mishawaka, Indiana facility to GEM entities, also appear in recent releases.
Investors following MULN/BINI news will also see announcements related to new products and markets, such as the relaunch and planned sales of the high‑performance Mullen FIVE RS EV Crossover in Germany and other regions, and initiatives like accepting cryptocurrency as payment for Mullen and Bollinger commercial EVs. Capital‑markets updates, including reverse stock split actions, preferred stock designations, and Nasdaq listing compliance matters, are typically disclosed through SEC filings and accompanying press releases.
This news page aggregates these company‑issued updates and related coverage, giving readers a single place to review developments in Mullen/Bollinger Innovations’ commercial EV business, subsidiary activities, financing transactions and listing‑status communications over time.
Mullen Automotive (NASDAQ: MULN), a US-based EV manufacturer, provided a company update highlighting strong financial position and operational progress. Key points include:
1. Expected total assets of $191.4 million as of June 30, 2024
2. Cash position exceeding current market capitalization
3. Achieved all federal and state regulatory requirements for Class 1 and 3 commercial vehicles
4. Actively manufacturing and selling Class 1 and 3 EVs across the US
5. Secured $250 million in new financing commitments
6. Expanded distribution network to six dealerships and added five new commercial dealer partners
7. Bollinger Motors subsidiary received orders for over 200 B4 commercial Class 4 EV trucks
8. Advancing solid-state polymer pack program with expected certification in second half of 2025
Mullen Automotive (NASDAQ: MULN) has introduced bizEV, a new lease program for its Mullen ONE Class 1 EV cargo van. The program offers a 3-year lease option starting at $475 per month, plus taxes and fees, including scheduled vehicle maintenance. Targeted at individuals, small businesses, and fleets, bizEV aims to make EV ownership more accessible and affordable.
The Mullen ONE, the first of its kind in the U.S. market, is designed for urban last-mile delivery with a focus on navigating narrow streets while maximizing payload and cargo space. It complies with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. The van is currently available for sale at an MSRP of $34,500 through MullenUSA.com and authorized dealerships.
Mullen Automotive (NASDAQ: MULN) announces its participation as an Anchor Organization and panelist at the 2024 Southeastern United States - Canadian Provinces (SEUS-CP) Business Forum in Biloxi, Mississippi, from August 4-6. The event focuses on Advanced Manufacturing for Electric Vehicle and Aerospace Technology. Mullen joins other premier companies like Airbus and The Coca-Cola Company as anchor organizations.
The SEUS-CP alliance, established in 2007, promotes economic ties between six southeastern U.S. states and six Canadian provinces. Mullen's participation underscores its commitment to the Southeast U.S., with its commercial EV manufacturing facility located in Tunica, Mississippi. The 120,000-square-foot facility, recently designated as a Foreign Trade Zone, serves as Mullen's innovation hub for commercial EV production.
Mullen will showcase its commercial EV lineup, including the Mullen ONE (Class 1 EV cargo van) and Mullen THREE (Class 3 EV cab chassis truck), both compliant with U.S. federal safety and emissions standards.
Mullen Automotive (NASDAQ: MULN) announces that global transportation and logistics leader DB Schenker has purchased four Mullen CAMPUS electric vehicles for use on Intel's technology campus in Chandler, Arizona. The vehicles, designed for low-speed, closed-campus use, will be utilized for mail and package delivery. Randy Marion Automotive, a Mullen commercial vehicle dealer, has received full payment and delivered the vehicles.
DB Schenker, founded in 1872, is a global leader with over 72,700 employees across 1,850 locations worldwide. The company aims to be carbon neutral by 2040 and continuously invests in innovative low-carbon freight solutions. The Mullen CAMPUS, a fully battery-operated vehicle (BEV), aligns with DB Schenker's sustainability goals and will contribute to reducing their environmental footprint while maintaining efficient operations.
Mullen Automotive Inc. (NASDAQ: MULN) has announced a significant order from GAMA, one of its European distributors. GAMA has purchased 29 Mullen GO vehicles, valued at $304,000 USD, with shipment planned for early August 2024. This order is part of a larger 53-unit commercial vehicle order for the Balkans Region.
GAMA, recently announced as Mullen's distributor for southeastern Europe, covers nine countries in the Balkans. They have extensive experience in the EV market, having distributed over 300 vehicles in the past year. The Mullen GO, designed for urban delivery in congested European cities, is EU standard homologated and certified for European sale.
This development marks Mullen's expansion into the European market, with GAMA reporting strong interest in Mullen's commercial EVs. The order includes a 15% upfront deposit, with full payment due upon shipment.
Bollinger Motors has announced comprehensive warranty coverage for its all-electric B4 Chassis Cab, a Class 4 commercial truck. The warranty includes 3-year/36,000-mile bumper-to-bumper, 5-year/50,000-mile powertrain, and 8-year/100,000-mile high voltage battery coverage. This move demonstrates the company's confidence in the B4's durability and capability.
The company has achieved several milestones, including EPA certification, multiple vehicle sales to fleet management companies, and partnerships with key suppliers and service providers. Bollinger Motors anticipates B4 deliveries to begin in the second half of 2024. The company has also appointed James Taylor, a former General Motors executive, as CEO to lead its production preparations.
Mullen Automotive's subsidiary, Bollinger Motors, has announced comprehensive warranty coverage for its B4 Chassis Cab EV Truck. The EPA-certified B4 offers one of the strongest warranties in the commercial market, including:
- Bumper-to-bumper: 3-year/36,000-miles
- Powertrain: 5-year/50,000-miles
- High-voltage battery: 8-year/100,000-miles
- Frame rails and cross-members: 5-years/unlimited miles
- Corrosion (perforation only): 5-years/unlimited miles
Bollinger expects B4 deliveries to begin in the second half of 2024. The company has achieved several milestones, including EPA certification, multiple vehicle sales, and partnerships with key suppliers and service providers. Former GM executive James Taylor has been appointed as CEO, positioning Bollinger for continued success as it prepares for production.
Mullen Automotive (NASDAQ: MULN) has announced a municipal purchase of its Class 3 electric truck by the City of Dublin, Ohio. The City of Dublin, known for its sustainable fleet management, sees the Mullen THREE as aligning with its vision to be the most sustainable fleet nationally. Mullen is currently negotiating with multiple government agencies and expects to announce additional orders in the current fiscal quarter.
The all-electric Mullen THREE, a Class 3 low cab forward EV truck, offers a 125-mile range and is designed for urban last-mile delivery. It qualifies for significant incentives, including a $15,000 incentive through Massachusetts' MOR-EV program and a $45,000 cash rebate voucher through California's HVIP program. Both Mullen's Class 1 and Class 3 commercial vehicles have received EPA and CARB certifications.
Mullen Automotive (NASDAQ: MULN) announces that its 2024 Mullen ONE, an all-electric Class 1 cargo van, has been approved for up to $3,500 cash voucher under Massachusetts' MOR-EV program. With a suggested MSRP of $34,500, the Mullen ONE can now benefit from both this state rebate and the $7,500 federal tax credit, potentially reducing its net cost to approximately $23,500.
The MOR-EV program, managed by the Massachusetts Executive Office of Energy and Environmental Affairs' Department of Energy Resources, aims to make EVs more affordable and reduce greenhouse gas emissions. Both the Mullen ONE and THREE are eligible for MOR-EV rebates, with the THREE qualifying for a $15,000 incentive. These vehicles are available for purchase in Massachusetts through Eco Auto, Mullen's New England area EV dealer.
Bollinger Motors, an electric commercial vehicle manufacturer, has announced significant leadership changes. Former GM executive James Taylor has been named CEO, replacing founder Robert Bollinger, who will remain on the board and a major shareholder. Bryan Chambers has been promoted to President and COO, while Siva Kumar becomes Chief Strategy Officer and SVP of Finance.
The company plans to launch the Bollinger B4 Chassis Cab, an all-electric Class 4 commercial truck, in the second half of 2024. Bollinger Motors has recently qualified for $40,000 in refundable tax credits per truck under the Inflation Reduction Act. The company has also secured several key partnerships and sales agreements, including an 80-vehicle sale to Momentum Groups and a 50-vehicle sale to EnviroCharge.
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