Mullen Automotive Inc. Rebrands as Bollinger Innovations, Secures New Ticker Symbol BINI

Mullen Automotive Inc. (NASDAQ: MULN) has announced its transition to Bollinger Innovations, Inc., with the NASDAQ approving the new ticker symbol BINI. This rebranding reflects the company's strategic focus on its commercial electric vehicle (EV) lineup, including the Mullen ONE, Mullen THREE, and the newly designed Bollinger B4, a Class 4 electric truck with a 185-mile range and 7,325-pound payload capacity. The company's Oceanside, California, Commercial Vehicle Center will now operate under the Bollinger Innovations name, signaling a new chapter in its commitment to sustainable transportation solutions.

The rebranding comes as Mullen Automotive continues to expand its commercial EV offerings, with all vehicles being federally certified and compliant with the California Air Resource Board (CARB) standards. The company's recent achievements include the commencement of commercial vehicle production in Tunica, Mississippi, and the receipt of IRS approval for federal EV tax credits, offering eligible customers up to $7,500 per vehicle. Additionally, the CARB-issued HVIP approval on the Mullen THREE provides up to a $45,000 cash voucher at the time of purchase, further enhancing the appeal of its commercial EVs.

With the rebranding to Bollinger Innovations, the company aims to strengthen its position in the competitive EV market, leveraging its expanded commercial dealer network and the benefits of Foreign Trade Zone status at its Tunica manufacturing center. This strategic move underscores the company's dedication to innovation and sustainability in the commercial vehicle sector.