Mullen Automotive Inc. (NASDAQ: MULN) has announced a significant rebranding effort, changing its name to Bollinger Innovations, Inc., with the new ticker symbol BINI approved by NASDAQ. This change reflects the company's strategic pivot towards innovation in the commercial electric vehicle (EV) sector. The rebranding includes the renaming of its Oceanside, California, Commercial Vehicle Center to operate under the Bollinger Innovations name.
The company's commercial EV lineup, featuring the Mullen ONE (Class 1), Mullen THREE (Class 3), and the newly designed Bollinger B4, a Class 4 electric truck with a 185-mile range and 7,325-pound payload, is federally certified and compliant with the California Air Resource Board (CARB) standards. This rebranding and the introduction of new models underscore Mullen Automotive's commitment to leading the commercial EV market.
With commercial vehicle production already underway in Tunica, Mississippi, and a Qualified Manufacturer designation from the IRS for federal EV tax credits, Mullen Automotive is poised to make a significant impact in the EV industry. The company's expansion of its commercial dealer network and the Foreign Trade Zone status approval for its Mississippi manufacturing center further highlight its growth trajectory and commitment to innovation and sustainability in the commercial EV space.
