Mullen Automotive Soars 18.22% on Bollinger Stake Boost

Before the BellFriday, Jun 6, 2025 8:57 am ET
1min read

Mullen Automotive's stock surged by 18.22% in pre-market trading on June 6, 2025, marking a significant rise in investor interest and confidence in the company's future prospects.

Mullen Automotive has recently bolstered its stake in Bollinger Motors, increasing its ownership to 95%. This strategic move not only eliminates significant debt but also enhances shareholder equity by approximately $3.5 million. The acquisition of additional shares in Bollinger Motors underscores Mullen's commitment to strengthening its position in the electric vehicle (EV) market and ensuring the continued success of its EV customers and vehicle services.

In addition to its financial maneuvers, Mullen Automotive has announced the relaunch of its FIVE RS EV crossover, which is set to hit the market in December 2025. This ultra-high-performance vehicle boasts impressive specifications, including a top speed of over 200 mph and acceleration from 0-60 mph in under 2 seconds. The FIVE RS is equipped with 800-volt architecture and all-wheel drive, positioning it as a competitive player in the EV market.

Mullen Automotive's EVs have also qualified for significant rebates in Illinois, offering up to $7,500 through the ComEd rebate program. This incentive program is part of a growing list of state-level benefits available for Mullen Commercial EVs, further enhancing the company's appeal to business customers in the region.

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