Charged EVs | Mullen Automotive acquires Bollinger Motors


EV producer Mullen Automotive has acquired a controlling curiosity in EV truck innovator Bollinger Motors. Mullen paid $148.2 million in money and inventory for a 60% controlling curiosity.

Mullen says the acquisition will allow its entry into the marketplace for medium-duty vans (Courses 3-6), whereas additionally positioning Bollinger to seize the electrical sport utility and industrial car markets.

“This acquisition gives Mullen with the distinctive alternative to aggressively develop into the high-demand industrial EV area,” stated David Michery, CEO and Chairman of Mullen Automotive. “The robust curiosity proven by main clients in all of the high-volume segments like supply, telecom, municipal companies and utilities is a transparent indication of the market’s need for Bollinger’s automobiles. Combining Bollinger’s automobiles with our current Class 1 and Class 2 EV cargo van applications offers us the possibility to dominate all the Class 1-6 industrial light- and medium-duty truck segments. As well as, Bollinger will be capable of leverage Mullen’s solid-state battery know-how, making their present automobiles much more aggressive as our know-how launches throughout the overall portfolio of EVs from each Mullen and Bollinger.”


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