BOLLINGER INNOVATIONS OFFERS $7,500 PRICE ADJUSTMENT ON MULLEN BRANDED CLASS 1, CLASS 3 COMMERCIAL EVs; MATCHES FEDERAL INCENTIVE

Core Insights - Bollinger Innovations, Inc. is offering additional price adjustments of $7,500 on existing inventory of the Mullen ONE and Mullen THREE electric vehicles, leading to a total savings of $15,000 when combined with federal tax credits [1][2][4] Group 1: Product Pricing and Incentives - The Mullen ONE, a Class 1 EV cargo van, has an MSRP of $27,000, while the Mullen THREE, a Class 3 EV cab chassis truck, is priced at $61,000 [2] - Customers can benefit from an additional $7,500 incentive through the Inflation Reduction Act if they receive delivery before the September 30 deadline [2][4] Group 2: Company Rebranding and Strategy - Bollinger Innovations, previously known as Mullen Automotive, changed its name and Nasdaq ticker symbol (Nasdaq: BINI) on July 28 to streamline operations [3] - The Mullen ONE and Mullen THREE will be rebranded as Bollinger Motors vehicles in the 2026 model year [3] Group 3: Product Line and Future Plans - The product lineup includes the Bollinger B4 Class 4 commercial electric truck, with plans to introduce a Class 5 truck in the 2027 model year [4][5] - The company aims to provide a range of affordable commercial EV options to fleet customers, enhancing sustainability in vehicle fleets [5] Group 4: Manufacturing and Dealer Network - Bollinger Innovations operates a U.S.-based manufacturing facility in Tunica, Mississippi, and has a commercial dealer network of seven dealers across key markets [5] - Bollinger Motors, a subsidiary, has established a dealer network with over 50 locations in the U.S. for sales and service support [6]