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 has successfully completed the acquisition of Electric Last Mile Solutions’ assets on November 30, 2022, in a cash deal valued at $105 million. This acquisition enhances Mullen's manufacturing capacity, allowing for faster market entry with its Class 1 and Class 3 vehicles, expected in Q1 and Q2 of 2023, respectively. The Mishawaka, Indiana factory, previously home to GM’s Hummer H2 production, is now set for Mullen's FIVE SUV and Bollinger B1 and B2 platforms, reducing launch costs and accelerating timelines.
Mullen Automotive (NASDAQ: MULN) has secured $150 million from existing shareholders to expedite the production and delivery of electric vehicles (EVs). The funds will facilitate the acquisition of ELMS assets, which include a factory in Indiana capable of producing up to 50,000 vehicles annually. This strategic move is expected to accelerate the launch of Mullen's cargo van program and enhance manufacturing capabilities. CEO David Michery emphasized that this acquisition positions Mullen as a potential leader in the EV market, aligning with their goal of creating affordable, premium EVs built in the U.S.
Mullen Automotive (NASDAQ: MULN) announced the successful completion of the third stop of its "Strikingly Different" EV Crossover Tour in Las Vegas, attracting a fully booked audience. The tour, which showcases the Mullen FIVE, includes interactive experiences with the vehicle's advanced infotainment system and its unique Personal Vehicle Assistant technology. The positive engagement continues in Texas this week, with future stops planned across the southeastern USA. CEO David Michery emphasizes the importance of customer feedback for enhancing the Mullen FIVE ahead of its anticipated release in 2024.
Mullen Automotive (NASDAQ: MULN) has completed the third stop of its Mullen FIVE “Strikingly Different” U.S. tour in Las Vegas and is headed to Texas with stops in Dallas on Nov 14-15 and Houston on Nov 18-19. The tour has received an overwhelmingly positive response, with all initial stops booked out. Mullen is gathering customer feedback for future vehicle enhancements. The tour aims to enhance visibility for the Mullen FIVE, which will have a second leg starting in Spring 2023, featuring the high-performance Mullen FIVE RS.
Bollinger Motors, majority-owned by Mullen Automotive (NASDAQ: MULN), announced a partnership with Our Next Energy (ONE) to produce Aries battery packs in Van Buren Twp., Michigan. These modular battery packs aim to provide enhanced range and durability for Bollinger's all-electric Class 4 to Class 6 commercial trucks. The production is set to coincide with the anticipated start of vehicle production in late 2023. This collaboration focuses on using nickel and cobalt-free battery technology, promoting a more sustainable solution for electric vehicles.
Mullen Automotive has appointed Newgate Motor Group as the marketing, sales, distribution, and servicing agent for the Mullen I-GO in Ireland and the UK. The agreement includes a purchase order for 500 vehicles per year, with initial vehicle demonstrations scheduled for December 20, 2022. This strategic partnership aims to enhance Mullen's presence in the European commercial EV market, addressing the rising demand for zero-emission delivery vehicles. Newgate's extensive experience in the automotive sector is expected to facilitate this market entry.
Mullen Automotive has confirmed a strategic agreement with Newgate Motor Group to serve as the sales and distribution agent for Mullen I-GO vehicles in Ireland and the UK. Under the terms, Newgate will purchase 500 vehicles annually, starting with initial units for demonstrations and marketing. The delivery date for these samples is set for December 20, 2022. This partnership aims to capitalize on the increasing demand for electric commercial vehicles in Europe, as the I-GO meets EU standards for zero-emission deliveries.
Mullen Automotive has successfully eliminated $13 million in debt, significantly reducing its total debt from over $30 million last year to under $10 million. This strategic move is expected to save the company more than $3.5 million in interest expenses. CEO David Michery emphasized the importance of these financial improvements in fostering investor confidence and advancing the company's electric vehicle innovations. With a stronger balance sheet, Mullen is poised for continued growth and success in the EV market.
Mullen Automotive successfully launched the Mullen FIVE EV Crossover Tour in Pasadena, California, receiving strong positive feedback from attendees, including reservation holders and investors. Scheduled stops include Anaheim, Las Vegas, Dallas, and more through December 2022. Notably, California reports that 17.7% of new car sales are zero-emission vehicles, a significant increase since 2020. Tour participants praised the vehicle's performance and advanced infotainment system with PERSONA technology. The next tour location is Angel Stadium in Anaheim on November 1 and 2.
Mullen Automotive has kicked off the Mullen FIVE EV Crossover “Strikingly Different” tour successfully on October 27 in Pasadena, CA, with reservations surpassing expectations. Customer feedback has been overwhelmingly positive, with pre-orders quadrupling in volume during the event.
New dates have been added for Angel Stadium in Anaheim on November 1 and 2, followed by stops in Las Vegas on November 10 and 11. The tour allows participants to experience the Mullen FIVE's features, including the innovative PERSONA technology.