Mullen Automotive Takes Controlling Stake In Bollinger Motors, Marking Its First EV Acquisition

TechCrunch

Mullen acquires controlling interest in EV startup Bollinger Motors

Mullen Automotive has acquired a controlling interest in Bollinger Motors, a move intended to strengthen the two EV companies’ positions within the fast-growing electric sport utility and commercial vehicle markets. The $148.2 million acquisition announced Thursday gives Mullen a 60% controlling interest in Bollinger, as well as an opportunity to expand into the “high-demand commercial EV space,” David Michery, CEO and chairman of Mullen Automotive, said in a statement. Bollinger Motors, a Michigan-based startup, launched in 2015 to make all-electric commercial vehicles for classes 3 through 6.