EV startup Bollinger acquired by Mullen Automotive for $148.2 million
by Andrew J. Hawkins from The Verge - All Posts on (#63DBT)
Bollinger's B1 and B2 electric trucks were put on pause, but now Mullen says they will go into production. | Image: Bollinger Mullen Automotive has acquired a controlling stake in electric vehicle startup Bollinger Motors, buying up 60 percent of the struggling company's stock for $148.2 million, the companies announced Thursday.
Mullen said it will add Bollinger-designed medium-duty trucks and sport utility trucks to its inventory. The deal positions Bollinger to capture the electric sport utility and commercial vehicle markets," the company added.
Mullen is a relatively unknown Southern California electric vehicle manufacturer with the stated goal to build the next-generation of premium electric vehicles that are affordable and built entirely in the United States."
Mullen is a relatively unknown Southern California electric vehicle manufacturer
Bollinger...