Mullen Automotive Rebrands to Bollinger Innovations, Inc., Strengthening Focus on Commercial Electric Vehicles
TL;DR
Mullen Automotive's rebrand to Bollinger Innovations, Inc. offers investors a fresh identity and ticker symbol BINI, potentially attracting new market interest without altering the company's operational framework.
Effective July 28, 2025, Mullen Automotive will transition to Bollinger Innovations, Inc., trading under BINI on Nasdaq, with no changes to its CUSIP number or legal structure.
Mullen Automotive's focus on commercial electric vehicles and recent CARB and EPA certifications contribute to a cleaner, more sustainable future in transportation.
Mullen Automotive, soon to be Bollinger Innovations, Inc., is making waves in the EV market with its CARB-approved vehicles and expanding dealer network.
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Mullen Automotive Inc. (NASDAQ: MULN), a leading name in the electric vehicle (EV) manufacturing sector, is embarking on a transformative journey by rebranding to Bollinger Innovations, Inc. effective July 28, 2025. This strategic rebranding will see the company's common stock trading under the new ticker symbol BINI on the Nasdaq Capital Market, while maintaining its current CUSIP number. CEO David Michery emphasized that this move is aimed at aligning the company's brand with its focused direction on commercial vehicles, ensuring that the rebranding does not alter Mullen's legal framework or operational dynamics, and necessitates no action from its shareholders.
The announcement comes as Mullen Automotive has been making notable advancements in the commercial EV space. The company has operationalized two vehicle plants in the U.S. and initiated commercial vehicle production in Tunica, Mississippi, starting August 2023. These developments have positioned Mullen as a significant contender in the EV market. The IRS's endorsement for federal EV tax credits on its commercial vehicles, offering up to $7,500 per vehicle, highlights the company's adherence to environmental standards and its contribution to sustainable transportation solutions. Furthermore, the Mullen ONE and Mullen THREE models have achieved CARB and EPA certifications, enabling their sale across the United States, with the Mullen THREE qualifying for up to a $45,000 cash voucher under the CARB-issued HVIP approval.
Expanding its footprint, Mullen Automotive has grown its commercial dealer network to include seven dealers, such as the recent addition of Papé Kenworth, enhancing its sales and service capabilities in crucial markets. The Foreign Trade Zone status granted to its Tunica manufacturing center offers additional financial advantages, including duty deferment and elimination on exported vehicles, further cementing Mullen's standing in the competitive EV industry.
Curated from InvestorBrandNetwork (IBN)
