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Bollinger Motors has been saved. Mullen Automotive has acquired an extra 21 % of the corporate, bringing its complete possession to 95 %. Regardless of having full management over Bollinger, Mullen mentioned the automaker will preserve “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 accordance with Mullen asserting the acquisition, it has “resolved current claims and debt that had led to a court-ordered receivership for Bollinger.” The court docket has discharged and eliminated the receiver and dismissed the case, Mullen says.
Bollinger clients ought to count on “enterprise as typical,” which incorporates gross sales, providers, and guarantee protection. The corporate will proceed to develop the B4 chassis cab, its all-electric Class 4 business truck. Bollinger will make the most of Mullen’s assets 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. Nevertheless, the B1 and B2 by no means entered manufacturing, and the corporate shifted focus to an electrical business truck. Manufacturing for that started final September.
Supply:
Mullen Automotive