EV Startup Bollinger acquired by Mullen Automotive for $148.2 million

https://e-vehicleinfo.com/news/ev-startup-bollinger-acquired-by-mullen-automotive-for-148-2-million/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.

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