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 entered a binding agreement with DelPack Logistics to supply up to 600 Class 2 EV cargo vans over the next 18 months. The first 300 vans are eligible for delivery by November 30, 2022. These vans will comply with U.S. standards, featuring airbags, a comfort package, and an 80 kWh battery. This collaboration is seen as a significant opportunity for Mullen in the last-mile delivery market, as noted by CEO David Michery. DelPack, an Amazon Delivery Service Partner, also expressed enthusiasm for participating in sustainable initiatives.
Mullen Automotive (NASDAQ: MULN) has significantly reduced its debt from over $30 million to approximately $11 million, eliminating $17.5 million attributed to a secured convertible promissory note with DBI Lease Buyback Servicing LLC. This marks the company's most robust financial position in its history, according to CEO David Michery. Mullen is focusing on its electric vehicle initiatives, including the upcoming 'Strikingly Different' U.S. Test Drive Tour for the Mullen FIVE EV Crossover, which will cover 19 cities beginning in the fall.
Mullen Automotive (NASDAQ: MULN) expects to report over $61 million in cash and cash equivalents as of June 30, 2022. The company has strengthened its balance sheet significantly. Highlights include the delivery of its first EV van to a telecommunications provider, an extension of a secured convertible note to July 2024, and addition to the Russell 2000 Index. Mullen is also securing $275 million in funding for EV development projects, pending shareholder approval. CEO David Michery emphasized strong progress in the past quarter.
Mullen Automotive (MULN) announced significant advances in its electric vehicle programs. Key achievements include successful testing of solid-state polymer battery technology, delivery of its first EV van, and anticipation of joining the Russell 2000 and 3000 Indexes. The company secured $275 million in potential funding, pending shareholder approval, aimed at expanding its EV offerings. Mullen also initiated retrofitting for EV battery pack development and plans a nationwide test drive tour in 2022.
Mullen Automotive has filed over 130 patents in 24 countries to support the Mullen FIVE EV Crossover. This includes 19 U.S. design patents and 117 international design patents, with 30 patents already granted. The patents cover various aspects of the vehicle's design, such as bodywork, headlights, and interiors. CEO David Michery emphasized the company's commitment to global availability of the Mullen FIVE. Additionally, Mullen is planning a U.S. Test Drive Tour across 19 cities beginning this fall.
Mullen Automotive has announced the extension of the maturity of a $28 million secured convertible note by two years, now due in July 2024. This note, originally set to mature in July 2022, was initially secured with DBI Lease Buyback Servicing LLC. The extension aims to enhance the company's cash flow during economic challenges, allowing better execution of its electric vehicle plans. CEO David Michery emphasized the importance of this move for the company's financial stability. For further details, the transaction is documented in Mullen's latest 8-K filing.
Mullen Automotive, Inc. (NASDAQ: MULN) has announced its upcoming inclusion in the Russell 2000® and 3000® Indexes, effective June 27, 2022. This decision, based on market capitalization rankings, marks a significant milestone for the company, enhancing its visibility within the institutional investor community. The Russell indexes are critical benchmarks, with approximately $10.6 trillion in assets referenced against them. Mullen's CEO, David Michery, expressed optimism regarding increased liquidity and investor awareness stemming from this inclusion.
Mullen Automotive (NASDAQ: MULN) announced its inclusion in the Russell 2000® and 3000® Indexes starting June 27, 2022. This membership increases visibility among institutional investors and enhances liquidity for its shares. The Russell Indexes track the largest U.S. stocks, with approximately $10.6 trillion in assets benchmarked against them. In addition, Mullen is preparing for its 'Strikingly Different' U.S. Test Drive Tour for the Mullen FIVE EV Crossover, set to commence in Southern California this fall.
Mullen Automotive (NASDAQ: MULN) announces that CEO David Michery will be interviewed on Benzinga’s All Access Series on June 3, 2022, at 11 a.m. ET. This follows a successful previous interview that drew significant viewership. The event aims to provide insights into Mullen's electric vehicle efforts, including the upcoming U.S. Test Drive Tour. Mullen is focused on creating accessible EV options and building an ecosystem for EV ownership in the U.S.
Mullen Automotive's solid-state polymer battery cell testing at Indiana's Battery Innovation Center exceeded expectations, achieving a performance of 343.28 Ah at 4.2 volts, surpassing the previously rated 300 Ah at 3.7 volts. This advancement supports Mullen's goal of delivering over 600 miles of range on a full charge for their FIVE EV Crossover when scaled to a 150-kilowatt hour battery pack. The results align with findings from EV Grid, showcasing the battery's high energy density and safety compared to traditional options.
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