Bollinger Innovations BINI

Mullen Automotive Inc is a Southern California-based technology and automotive company focused on the development and manufacturing of electric vehicles and related energy technology. The company operates in the commercial truck market, producing Class 1 through Class 6 electric vehicles for fleet and vocational applications. Mullen Automotive generates revenue primarily through the sale of its electric commercial vehicles, including cargo vans, chassis cabs, and upfit-ready platforms, as well as through battery technology development and potential future sales to third-party customers. The company operates through the following segments: Mullen Commercial Vehicles, Bollinger Motors, and Battery Technology Development.

• Mullen Commercial Vehicles: This segment encompasses the design, engineering, and production of Mullen-branded electric vehicles for commercial use, including the Mullen ONE Class 1 cargo van and the Mullen THREE Class 3 low cab forward truck. These vehicles are manufactured at company-owned facilities in Tunica, Mississippi and Mishawaka, Indiana, with the Mullen ONE offering 160 cubic feet of cargo volume and a maximum payload of 1,683 pounds, while the Mullen THREE provides over 5,684 pounds of max payload and approximately 120 miles of range. The segment also includes the Mullen I-GO, an L7E class small commercial EV certified for sale in initial markets across the UK, Germany, Spain, France, and Ireland.
• Bollinger Motors: This segment focuses on the development and production of purpose-built electric chassis cabs, beginning with the Bollinger B4 Class 4 vehicle, which began serial production in September 2024 and is manufactured under contract with Roush Enterprises in Livonia, Michigan. The Bollinger B4 features a proprietary 40-inch-wide frame with Quad-Bend technology, dual Our Next Energy (ONE) LFP battery packs delivering an average range of 185 miles, and a GVWR of 15,500 pounds supporting over 7,325 pounds of payload. Bollinger Motors is developing a Class 5 (B5) truck for launch in CY 2025 and a Class 6 truck for future years, with all vehicles undergoing EPA, NHTSA, and CARB certification.
• Battery Technology Development: This segment was established through the acquisition of Romeo Power assets in September 2023 for $3.5 million, including battery production lines, testing equipment, inventory, and intellectual property for the Legions and Hermes battery systems. Mullen now operates a 122,000 square foot facility in Fullerton, California for in-house battery module and pack production, supporting vertical integration and reducing supply chain reliance. The segment is also developing a semi-solid state battery for initial use in Class 3 vehicles, following early testing on the Class 1 vehicle in March 2024.

Mullen Automotive Inc positions itself in the growing commercial electric vehicle market, leveraging early market entry in underserved segments where legacy OEMs have withdrawn gas-powered offerings and few competitors have announced electric alternatives. The company's competitive advantages include its owned manufacturing capacity in Tunica and Mishawaka, contract manufacturing partnerships that reduce capital outlay, and a strategic focus on fleet customers whose predictable duty cycles align well with electric vehicle range and total cost of ownership benefits. Mullen differentiates through purpose-built chassis designs like the Bollinger B4’s Quad-Bend technology and vertical integration in battery production, enabling faster serviceability and improved driving dynamics.

The company serves commercial fleet operators, municipal customers, vocational service providers, and lease/rental companies across North America and select international markets in Europe. Mullen has established dealer partnerships with national groups including Pritchard Group, The Papé Group, Eco Auto, Ziegler Truck Group, Range Truck Group, and National Auto Fleet Group, supporting distribution through approximately 67 dealership locations as of 2024. Bollinger Motors maintains a separate network of over 50 dealerships, including Nacarato Truck Centers, Bergey’s Truck Centers, TEC Equipment, Affinity Truck Center, Anderson Motors, and Nuss Truck & Equipment, with plans to expand to 100-plus locations in 2025. International sales of the Mullen I-GO are supported through certified distribution in the UK, Germany, Spain, France, and Ireland.