Mullen Automotive Inc. (NASDAQ: MULN), a prominent electric vehicle manufacturer, is set to undergo a significant rebranding, changing its name to Bollinger Innovations, Inc. effective July 28, 2025. This strategic move will see the company's common stock trading on the Nasdaq Capital Market under the new ticker symbol BINI, while the CUSIP number remains unchanged. CEO David Michery describes the rebrand as a unifying step for the company's commercial vehicle focus, emphasizing that it does not affect Mullen's legal structure or operations, and no shareholder action is required.
The rebranding comes at a time when Mullen Automotive has been making significant strides in the commercial electric vehicle sector. With two U.S.-based vehicle plants in Tunica, Mississippi, and Mishawaka, Indiana, the company has been at the forefront of EV production, beginning commercial vehicle production in Tunica in August 2023. The company's efforts have been further bolstered by IRS approval for federal EV tax credits, offering eligible customers up to $7,500 per vehicle, and CARB and EPA certifications for its Mullen ONE and Mullen THREE models. The CARB-issued HVIP approval on the Mullen THREE provides up to a $45,000 cash voucher at the time of purchase, enhancing the vehicle's appeal to commercial buyers.
Additionally, Mullen Automotive has expanded its commercial dealer network to seven dealers, including Papé Kenworth, Pritchard EV, and others, ensuring sales and service coverage across key U.S. markets. The company's Tunica manufacturing center has also received Foreign Trade Zone status, offering benefits such as duty deferment and elimination on exported vehicles. This rebranding to Bollinger Innovations, Inc. signifies a new chapter for the company, aligning its identity with its vision for innovation and leadership in the commercial EV space. For more details, visit https://ibn.fm/bXyQx.
