Mullen Automotive, an rising EV producer, is buying a controlling curiosity in EV truck maker Bollinger Motors. That is Mullen’s first EV acquisition and propels the corporate into the medium-duty truck lessons 3-6, together with the B1 and B2 sport utility vehicles.
The acquisition value is $148.2 million in money and inventory for a 60% controlling curiosity, which supplies Mullen the bulk possession of Bollinger Motors.
Combining Bollinger’s autos with our current class 1 and sophistication 2 EV cargo van packages offers us the prospect to dominate the complete class 1-6 industrial gentle and medium obligation truck segments. As well as, Bollinger will have the ability to leverage Mullen’s solid-state battery know-how, making their present autos much more aggressive as our know-how launches throughout the full portfolio of EVs from each Mullen and Bollinger.
—David Michery, CEO and chairman of Mullen Automotive
Launched in 2015, Bollinger Motors is an American car designer and producer of electrical sport utility and medium-duty automobile strains. The corporate additionally developed proprietary automobile battery packs, drivetrains, and thermal and automobile management software program items. In 2017, Bollinger constructed and debuted the B1 class 3 sport utility automobile, the primary of its type.
The corporate adopted with the event of the second-generation B1 and B2 autos, earlier than pausing in favor of business truck improvement.
Bollinger B1: Class 3 Sport Utility EV SUV
As a part of the acquisition, the corporate brings Mullen practically 50,000 reservations beforehand taken for the B1 and B2 sport utility autos. With Mullen’s acquisition and capital injection, each B1 and B2 packages will start after the beginning of manufacturing for sophistication 3-6 industrial truck packages.
The corporate brings a big pipeline of curiosity from massive corporations for industrial electrical truck lessons 3-6 in a variety of markets equivalent to final mile supply, refrigeration, utilities and their upfitters. On 1 September 2022, Bollinger revealed the B4, a category 4 electrical industrial truck. The B4 electrical chassis cabs would be the first of the corporate’s industrial lineup to hit the bottom in upcoming shopper take a look at packages.
Bollinger B4: Class 4 Industrial EV Truck
The brand new Bollinger B4 is a cab-forward truck, designed from the bottom as much as supply most cargo quantity, accommodate limitless adaptation and prioritize security. Bollinger might be testing B4 chassis cab vehicles this fall with quite a few fleet clients, upfitters and charging corporations to assemble constructive suggestions.