Mullen Automotive which became Bollinger Innovations has strengthened it finances.
Mullen Automotive Inc. announced it officially changed its name to Bollinger Innovations, Inc. on July 28, 2025. Alongside the rebranding, the company’s stock will begin trading on Nasdaq under the new ticker symbol BINI, with no changes to its legal structure or operations. CEO David Michery emphasized that the transition reflects a unified identity focused on serving the commercial electric vehicle market.
Bollinger Innovations, based in Southern California with manufacturing in Mississippi, produces Class 1 and Class 3 commercial EVs—both CARB and EPA certified—and maintains a dealer network across key U.S. regions. The company’s majority-owned subsidiary, Bollinger Motors of Michigan, recently launched production of its Class 4 electric truck and has built a nationwide dealer network supporting EV sales and service.
Bollinger Innovations Eliminates $25.3M in Debt, Strengthens Financial Position
Bollinger Innovations, Inc. (NASDAQ: BINI), an emerging EV manufacturer, has eliminated all outstanding warrants and $25.3 million in convertible notes by exchanging them for newly issued preferred stock. The move significantly improves the company’s balance sheet and reflects strong investor support, according to CEO David Michery. Bollinger’s commercial EV lineup includes the ONE (a Class 1 cargo van) and the THREE (a Class 3 cab chassis truck), both compliant with U.S. safety and environmental standards, including EPA and CARB certifications.