About Mullen Technologies
Mullen Technologies is a company based in La Habra (United States) founded in 2012.. Mullen Technologies has raised $2 million across 12 funding rounds from investors including Small Business Administration and RBL Group. The company has 388 employees as of September 30, 2024. Mullen Technologies has completed 6 acquisitions, including Aptito, Bollinger Motors and Electric Last Mile Solutions. Mullen Technologies offers products and services including Mullen ONE, Mullen THREE, Mullen CAMPUS, Bollinger B4-6, and Mullen-GO. Mullen Technologies operates in a competitive market with competitors including Polestar, NIO, Tesla, Fisker and Xiaopeng, among others.
- Headquarter La Habra, United States
- Employees 388 as on 30 Sep, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bollinger Innovations, Inc.
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Annual Revenue
$1.09 M199as on Sep 30, 2024
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Net Profit
$-457.06 M52.99as on Sep 30, 2024
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EBITDA
$-250.65 M9.43as on Sep 30, 2024
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Total Equity Funding
$2 M (USD)
in 12 rounds
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Latest Funding Round
$4.4 M (USD), Post-IPO
Dec 15, 2024
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Investors
Small Business Administration
& 1 more
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Employee Count
388
as on Sep 30, 2024
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Investments & Acquisitions
Aptito
& 5 more
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IPO & Listings of Mullen Technologies
Mullen Technologies is a publicly listed company on the NASDAQ with ticker symbol BINI in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Mullen Technologies
Mullen Technologies offers a comprehensive portfolio of products and services, including Mullen ONE, Mullen THREE, Mullen CAMPUS, Bollinger B4-6, and Mullen-GO. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
All-electric Class 1 cargo van for commercial delivery services.
All-electric Class 3 low cab forward vehicle for urban use.
Platform for electric campus and utility vehicles.
All-electric truck model for commercial applications.
Accessory for enhancing electric vehicle performance.
Funding Insights of Mullen Technologies
Mullen Technologies has successfully raised a total of $2M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $4.4 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $4.4M
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First Round
First Round
(07 Mar 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Post-IPO - Mullen Technologies | Valuation |
investors |
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| May, 2024 | Amount | Post-IPO - Mullen Technologies | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Mullen Technologies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mullen Technologies
Mullen Technologies has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Small Business Administration and RBL Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Financial assistance and development resources are provided to small businesses.
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Founded Year | Domain | Location | |
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Human capability is enhanced by The RBL Group through consulting.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mullen Technologies
Mullen Technologies has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Aptito, Bollinger Motors and Electric Last Mile Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric cargo-vans and telematics solutions are developed for last-mile delivery.
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2020 | ||||
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Off-road and on-road sport utility trucks are developed.
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2014 | ||||
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Cloud-based iPad PoS system is offered for restaurants.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mullen Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mullen Technologies Comparisons
Competitors of Mullen Technologies
Mullen Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Polestar, NIO, Tesla, Fisker and Xiaopeng, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and developed by Polestar.
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| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
AI-enabled electric cars are developed and manufactured by Xiaopeng.
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| domain | founded_year | HQ Location |
Electric SUVs are manufactured in Beijing, China.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mullen Technologies
Frequently Asked Questions about Mullen Technologies
When was Mullen Technologies founded?
Mullen Technologies was founded in 2012.
Where is Mullen Technologies located?
Mullen Technologies is headquartered in La Habra, United States. It is registered at La Habra, California, United States.
Is Mullen Technologies a funded company?
Mullen Technologies is a funded company, having raised a total of $2M across 12 funding rounds to date. The company's 1st funding round was a Post-IPO of $525K, raised on Mar 07, 2012.
How many employees does Mullen Technologies have?
As of Sep 30, 2024, the latest employee count at Mullen Technologies is 388.
What is the annual revenue of Mullen Technologies?
Annual revenue of Mullen Technologies is $1.09M as on Sep 30, 2024.
What does Mullen Technologies do?
Mullen Technologies was founded in 2012 in La Habra, United States, focusing on the automotive sector. Electric cars, including the Mullen Dragonfly K50 and Reserve Dragonfly K50 models, are developed with features such as four-wheel drive, multiple driving modes, double wishbone suspension, and carbon-fiber body panels. An AI-enabled platform called Carhub is provided for vehicle transactions and ownership management.
Who are the top competitors of Mullen Technologies?
Mullen Technologies's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
What products or services does Mullen Technologies offer?
Mullen Technologies offers Mullen ONE, Mullen THREE, Mullen CAMPUS, Bollinger B4-6, and Mullen-GO.
Is Mullen Technologies publicly traded?
Yes, Mullen Technologies is publicly traded on NASDAQ under the ticker symbol BINI.
How many acquisitions has Mullen Technologies made?
Mullen Technologies has made 6 acquisitions, including Aptito, Bollinger Motors, and Electric Last Mile Solutions.
Who are Mullen Technologies's investors?
Mullen Technologies has 2 investors. Key investors include Small Business Administration, and RBL Group.
What is Mullen Technologies's ticker symbol?
The ticker symbol of Mullen Technologies is BINI on NASDAQ.