Electric Vehicles For India Electric Cars Charged EVs | Mullen Automotive acquires Bollinger Motors

Charged EVs | Mullen Automotive acquires Bollinger Motors

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EV manufacturer Mullen Automotive has acquired a controlling interest in EV truck innovator Bollinger Motors. Mullen paid $148.2 million in cash and stock for a 60% controlling interest.

Mullen says the acquisition will enable its entry into the market for medium-duty trucks (Classes 3-6), while also positioning Bollinger to capture the electric sport utility and commercial vehicle markets.

“This acquisition provides Mullen with the unique opportunity to aggressively expand into the high-demand commercial EV space,” said David Michery, CEO and Chairman of Mullen Automotive. “The strong interest shown by major customers in all the high-volume segments like delivery, telecom, municipal services and utilities is a clear indication of the market’s desire for Bollinger’s vehicles. Combining Bollinger’s vehicles with our existing Class 1 and Class 2 EV cargo van programs gives us the chance to dominate the entire Class 1-6 commercial light- and medium-duty truck segments. In addition, Bollinger will be able to leverage Mullen’s solid-state battery technology, making their current vehicles even more competitive as our technology launches across the total portfolio of EVs from both Mullen and Bollinger.”



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