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

Mullen Automotive Inc. (NASDAQ: MULN) has announced a significant rebranding initiative, changing its name to Bollinger Innovations, Inc., with the NASDAQ stock exchange approving the new ticker symbol BINI. The effective date for the name and symbol change is currently pending. This strategic move includes the rebranding of the Company's Oceanside, California, Commercial Vehicle Center under the Bollinger Innovations name, signaling a new chapter in its commercial electric vehicle (EV) lineup.

The company's commercial EV portfolio features the Mullen ONE (Class 1), Mullen THREE (Class 3), and the newly designed Bollinger B4, a Class 4 electric truck boasting a 185-mile range and a 7,325-pound payload. All vehicles in the lineup are federally certified and compliant with the California Air Resource Board (CARB) standards, underscoring the company's commitment to environmental sustainability and innovation in the EV sector.

Mullen Automotive, now Bollinger Innovations, has made significant strides in the commercial EV market, beginning commercial vehicle production in Tunica, Mississippi, in August 2023. The company achieved another milestone in September 2023 by receiving IRS approval for federal EV tax credits on its commercial vehicles, offering eligible customers up to $7,500 per vehicle under the Qualified Manufacturer designation. As of January 2024, both the Mullen ONE and Mullen THREE are CARB and EPA certified, available for sale across the U.S., with the Mullen THREE eligible for up to a $45,000 cash voucher at the time of purchase under the CARB-issued HVIP approval.

The expansion of Bollinger Innovations' commercial dealer network to seven dealers, including the recent addition of Papé Kenworth, enhances its sales and service coverage in key markets across the Midwest, West Coast, Pacific Northwest, New England, and Mid-Atlantic regions. The company's Foreign Trade Zone (FTZ) status approval for its Tunica manufacturing center further bolsters its operational efficiency, offering benefits such as duty deferment and elimination on exported vehicles.

This rebranding to Bollinger Innovations, Inc., and the adoption of the new ticker symbol BINI on NASDAQ, reflect the company's evolving identity and its ambitious vision for the future of commercial electric vehicles. With a robust lineup of certified and compliant EVs, an expanding dealer network, and strategic operational advantages, Bollinger Innovations is poised to make a lasting impact in the commercial EV industry.