The Mullen ONE, a Class 1 electric cargo van, now starts at just $27,000 MSRP. Its larger sibling, the Mullen THREE Class 3 cab chassis, lands at $61,000. Both are eligible for the Inflation Reduction Act’s commercial EV incentive, making them among the most affordable zero-emission options in their segments.
The Mullen ONE and the Mullen THREE will be rebranded as Bollinger Motors vehicles in the 2026 model year.
Jim Connelly, chief revenue officer for Bollinger Innovations and Bollinger Motors said,“The current price adjustment and the federal incentive make the existing Mullen ONE and Mullen THREE electric vehicles among the best values on the market today. The federal incentive will expire on Sept. 30, so customers need to act quickly as current demand is growing.”
These price adjustments come as Bollinger Innovations continues its corporate shakeup. The company changed its name and Nasdaq ticker symbol to BINI in late July as part of a broader strategy to streamline operations and rebrand existing Mullen commercial vehicles under the Bollinger name for the 2026 model year.
“Our lineup offers world-class electric commercial vehicles at unmatched value,” said Jim Connelly, chief revenue officer at Bollinger. “With demand growing and incentives ending soon, now’s the time for fleets to jump in.”
Beyond the Mullen ONE and THREE, Bollinger’s commercial EV portfolio includes the Bollinger B4, a Class 4 electric truck already in the pipeline, with a larger B5 Class 5 model slated for 2027. The company says its expanding fleet solutions are designed to help businesses hit their electrification targets without breaking the bank.
Bollinger Innovations, formerly known as Mullen Automotive, is facing significant financial and legal challenges as it attempts to reboot its electric vehicle business through a corporate rebranding, a reverse stock split, and leadership changes. The company recently completed a 1-for-250 reverse stock split to raise its share price above Nasdaq’s \$1 minimum requirement, but it remains entangled in multiple supplier lawsuits totaling over \$5 million in unpaid invoices. These lawsuits, filed by several vendors including Tool House Inc. and Wurth Electronics, allege that Bollinger has failed to pay for goods and services already delivered, casting doubt on the company’s financial stability.
Despite the mounting legal pressure, CEO David Michery, who oversees the merged entity of Mullen Automotive and Bollinger, insists that the company is actively working to settle its debts and maintain good relationships with key partners like contract manufacturer Roush Enterprises. Earlier this year, Bollinger paid \$11 million to its founder Robert Bollinger to resolve loan-related claims, a move intended to facilitate restructuring efforts. Michery remains publicly optimistic about the company’s future, citing recent equity lines and committed capital totaling \$230 million as vital resources to weather the current downturn in electric vehicle demand and challenging market conditions.