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EV Startup Bollinger Acquired by Mullen Automotive for $148.2 Million

09 Sep 2022 | Abstracted from The Verge

"Mullen Automotive...acquired controlling stake in...Bollinger Motors, buying up 60 percent of the struggling company's stock...

"With years of history in class 3 truck development, intellectual property, patents, and expertise, [Bollinger's] decision made sense to pivot into commercial vehicle development for classes 3-6...the company brings Mullen nearly 50,000 reservations previously taken for the B1 and B2 sport utility vehicles."



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