Core Viewpoint - Mullen Automotive is expanding its market reach by accepting cryptocurrency, including Bitcoin and the $TRUMP meme coin, for the purchase of its electric vehicles, positioning itself as one of the few manufacturers to do so [1][2]. Company Overview - Mullen Automotive is based in Southern California and focuses on the production of commercial electric vehicles (EVs) with two manufacturing plants located in Tunica, Mississippi, and Mishawaka, Indiana [5]. - The company began commercial vehicle production in August 2023 and has received certifications from the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA) for its vehicles [5]. - Mullen's commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both designed for urban last-mile delivery [3][5]. Cryptocurrency Acceptance - Mullen is one of the only vehicle manufacturers currently accepting cryptocurrency as a payment method for vehicle purchases, which is expected to broaden its customer base [2][8]. - The company is exploring the acceptance of additional cryptocurrencies, including other popular meme and stable coins [2]. Vehicle Specifications - The Bollinger B4 Chassis Cab is a Class 4 commercial truck with a 185-mile range, a 46-foot turning radius, and a payload capacity of 7,325 pounds, designed for urban operations [4]. - Mullen's vehicles comply with U.S. Federal Motor Vehicle Safety Standards and are certified for clean air emissions [3]. Dealer Network - Mullen has established a commercial dealer network consisting of seven dealers across key markets in the U.S., providing sales and service support [5][6].

Core Insights - Mullen Automotive has acquired an additional 21% of Bollinger Motors, increasing its total ownership to 95%, which enhances shareholder equity by approximately $3.5 million [1][2][3] - The acquisition resolves significant debt issues that had previously led to a court-ordered receivership for Bollinger, allowing for continued operations under Mullen's strategic direction [2][3] - Bollinger Motors will maintain its brand identity and focus while benefiting from Mullen's financial backing for sales, service, and warranty of vehicles [2][4] Company Developments - The Bollinger B4 Chassis Cab, an all-electric Class 4 commercial truck, is designed with input from fleets and upfitters, featuring a 185-mile range, a 46-foot turning radius, and a payload capacity of 7,325 pounds [3][4] - Bollinger will leverage Mullen's resources to accelerate the development and production of the B4 platform, aiming for innovation and market expansion [4] - Mullen operates two vehicle plants in the U.S. and has begun commercial vehicle production, with its Mullen ONE and Mullen THREE models certified for sale [6][7] Historical Context - Bollinger Motors was founded in 2015 and became a majority-owned subsidiary of Mullen in September 2022 [5][7] - The B4 electric truck production launched on September 16, 2024, marking a significant milestone for Bollinger [7]