Bollinger Motors has been saved. Mullen Automotive has acquired an extra 21 p.c of the corporate, bringing its whole possession to 95 p.c. Regardless of having full management over Bollinger, Mullen stated the automaker will keep “its personal model id and focus.”
Bollinger reportedly went into receivership earlier this yr after firm founder and former CEO Robert Bollinger sued the automaker, who left in 2024. He claimed Bollinger Motors owed him $10 million, however all that must be within the firm’s previous.
In line with Mullen asserting the acquisition, it has “resolved latest claims and debt that had led to a court-ordered receivership for Bollinger.” The courtroom has discharged and eliminated the receiver and dismissed the case, Mullen says.
Bollinger prospects ought to anticipate “enterprise as ordinary,” which incorporates gross sales, providers, and guarantee protection. The corporate will proceed to develop the B4 chassis cab, its all-electric Class 4 industrial truck. Bollinger will make the most of Mullen’s sources to speed up growth and combine the B4 into Mullen’s EV ecosystem.
Bollinger was based in 2015 with preliminary plans to develop a mid-size electrical pickup and an SUV. Nonetheless, the B1 and B2 by no means entered manufacturing, and the corporate shifted focus to an electrical industrial truck. Manufacturing for that started final September.
Supply:
Mullen Automotive
