Bollinger Innovations, Inc. (NASDAQ: BINI) has announced a significant price adjustment for its Mullen ONE and Mullen THREE electric vehicles (EVs), offering a $7,500 reduction for commercial customers. This strategic move, effective immediately, lowers the manufacturer's suggested retail price (MSRP) to $27,000 for the Mullen ONE and $61,000 for the Mullen THREE. The price cut is timed to coincide with the availability of a $7,500 Inflation Reduction Act credit for deliveries made before September 30, making these models highly attractive options in the Class 1 and Class 3 commercial EV segments.
The company, formerly known as Mullen Automotive, has rebranded and plans to relabel these vehicles under the Bollinger Motors brand starting with the 2026 model year. This rebranding is part of Bollinger Innovations' broader strategy to solidify its position in the electric vehicle market, which also includes the introduction of the Bollinger B4 Class 4 truck and a planned Class 5 model by 2027. For more details on the company's offerings, visit https://www.BollingerEV.com.
This price reduction is not just a boon for commercial customers but also signifies Bollinger Innovations' commitment to making electric vehicles more accessible and affordable. By leveraging the Inflation Reduction Act credit, the company is effectively doubling the financial incentive for businesses to transition to electric fleets, thereby contributing to the reduction of carbon emissions and promoting sustainable transportation solutions. The announcement underscores the growing competitiveness of the EV market and the importance of government incentives in accelerating the adoption of clean energy vehicles.
Bollinger Innovations' commercial dealer network, spanning key markets across the United States, is poised to support this initiative, ensuring that businesses have access to sales and service for these EVs. The company's efforts to expand its dealer network and product lineup reflect its ambition to lead in the commercial EV space. For further information on Bollinger Innovations and its latest developments, investors and interested parties can access the company's newsroom at https://ibn.fm/BINI.
