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) reported its Q2 2024 fiscal quarter results, showing positive stockholders' equity at $117.4 million as of March 31, 2024. The company secured an additional $150 million in capital commitments to support its commercial EV operations. Recent highlights include expansion of its dealer network, approval for Foreign Trade Zone status in Mississippi, and CARB approval for its Class 3 EV truck. Financially, Mullen reported a net loss of $193.9 million for the six months ended March 31, 2024, compared to a net loss of $483.8 million in the same period the previous year. Revenue for the same period was $33.3 thousand. The company’s cash balance significantly decreased to $29.8 million from $155.7 million as of September 30, 2023.
Mullen Automotive (NASDAQ: MULN) announces a $150 million financing commitment to support its operations and expansion over the next 13 months. The company received $100 million from a family office and sold $50 million in senior secured convertible notes to high-net-worth investors. This funding will support Mullen's and Bollinger Motors' operations, including the production of the Bollinger B4 vehicle. Recent advancements include approval from the California Air Resource Board (CARB) for the Mullen THREE Class 3 EV truck, allowing for up to $45,000 in cash vouchers per purchase. Mullen has also expanded its commercial dealer network by partnering with Pritchard EV and National Auto Fleet Group. Additionally, its Tunica, Mississippi, manufacturing center received Foreign Trade Zone Status, allowing deferment and elimination of certain duties.
Mullen Automotive, Inc. receives approval from the U.S. Department of Commerce for Foreign Trade Zone status for its Tunica, Miss., facility, resulting in up to $21 million in deferred duty for FY2024 and FY2025. The FTZ status allows for duty deferment on import fees, benefiting domestic and international sales. The approval enhances Mullen's global competitiveness, reduces taxes and fees, and improves logistics flexibility, positively impacting its manufacturing position and economic development in Tunica, Mississippi.
Bollinger Motors and Amerit Fleet Solutions have partnered to provide mobile service and warranty support for Bollinger's B4 All-Electric Class 4 Commercial Truck. Amerit will offer maintenance, repair, and warranty services to Bollinger's fleet customers across the US, enhancing nationwide service coverage.
Mullen Automotive, Inc. announces a partnership between its subsidiary, Bollinger Motors, and Amerit Fleet Solutions to provide mobile service and warranty for the B4 All-Electric Class 4 Commercial Truck. The agreement aims to offer nationwide service and maintenance for Bollinger's fleet customers, ensuring convenient and efficient support for the B4 and future vehicles. Amerit will deliver maintenance, repair, and warranty services outside of Bollinger's designated service areas, enhancing customer confidence in the company's offerings.
Mullen Automotive, Inc. (NASDAQ: MULN) partners with National Auto Fleet Group (NAFG) to offer its all-electric commercial vehicles in key California markets. NAFG, a Sourcewell contract awardee, will provide fleet vehicle purchasing to government agencies, schools, and local governments. Mullen's EV lineup includes the Mullen ONE cargo van and Mullen THREE cab chassis truck, both HVIP approved. NAFG, with two Sourcewell contracts, simplifies the purchasing process for government fleets, aiming to transition to sustainable electric transportation.
Mullen Automotive, Inc. (NASDAQ: MULN) has announced the adoption of a duration stockholder rights plan to ensure fair treatment of all stockholders and protect the company from takeover attempts without paying a control premium. The plan imposes penalties on any entity acquiring 10% or more of common stock without board approval. The Rights Plan is effective immediately and will expire on May 1, 2025.
Mullen Automotive, Inc. and Pritchard EV, in collaboration with Mobile Road Service Solutions, have unveiled the Mullen ONE Class 1 EV cargo van roadside assistance vehicle at the American Towman Showcase in Las Vegas. MRSS is a key upfitter for the Roadside Service Industry, supplying towing and emergency service companies like AAA. The Mullen ONE features 157 cubic feet of cargo space, 1,600 lbs. of payload, and 110 miles of range, catering to the growing demand for sustainable mobility solutions in the commercial EV market.
Mullen Automotive, Inc. (NASDAQ: MULN) has expanded its U.S. dealer network by partnering with Pritchard EV, a leading commercial dealer. Pritchard EV will offer Mullen's commercial EV lineup, including the Mullen ONE and Mullen THREE, to customers in the United States. This partnership aims to enhance accessibility to electric vehicles and service infrastructure for fleet customers, providing sustainable mobility solutions and addressing key logistics challenges.
Mullen Automotive, Inc. receives approval from the California Air Resources Board for their all-electric Class 3 low cab forward truck, the 2024 Mullen THREE, under the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). This approval grants the truck a $45,000 cash voucher per vehicle sold, making it more affordable for businesses looking to electrify their fleets. Combined with the federal tax credit, the net effective cost of the Mullen THREE could be less than $17,000. Mullen's electric vehicles are in full compliance with U.S. Federal Motor Vehicle Safety Standards and are designed for urban last-mile delivery, with a 125-mile range and versatile upfit options.