{"id":82770,"date":"2025-06-04T09:55:17","date_gmt":"2025-06-04T13:55:17","guid":{"rendered":"https:\/\/autosector.com\/?p=82770"},"modified":"2025-06-04T09:55:17","modified_gmt":"2025-06-04T13:55:17","slug":"not-dead-yet-bollinger-motors-finds-its-savior-again","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=82770","title":{"rendered":"Not dead yet: Bollinger Motors finds a savior in Mullen (again)"},"content":{"rendered":"
\n\t\"Mullen<\/figure>\n

Electric truck startup Bollinger Motors seemed to be circling the drain last week, but a fresh investment from Mullen Automotive and a new\/old face at the helm means there might be life in the medium-duty EV brand, yet. Here\u2019s what we know, so far.<\/p>\n

<\/p>\n

Last week, we wrote about a multimillion dollar lawsuit filed by Robert Bollinger that had thrown his eponymous Bollinger Motors brand into receivership<\/a>, figuring that would be it for the startup electric truck brand. But Bollinger CEO, Bryan Chambers, spoke up to say that it wasn\u2019t over, yet. \u201cReceivership does not necessarily mean a company is headed toward liquidation,\u201d he explained. \u201cIn fact, receivership is often used to avoid liquidation and can be the best course of action to help a company move forward \u2026 we continue to sell and service our trucks and support our dealers and customers.\u201d<\/p>\n

Chambers appears to have been proven right, and Bollinger Motors will, in fact, be moving forward as a very nearly-wholly-owned subsidiary of Mullen Automotive, with Mullen CEO David Michery taking on the role of CEO at both companies.<\/p>\n

\u201cThis is an important moment for both Mullen Automotive and Bollinger Motors,\u201d said Michery, who confirmed the change in leadership to our friends at Clean Trucking<\/em><\/a>. \u201cOur investment in acquiring the vast majority of remaining shares and resolving certain significant outstanding debt demonstrates our belief in and continued commitment to Bollinger\u2019s vehicle lineup and future.\u201d<\/p>\n

\tAdvertisement – scroll for more content<\/span><\/p>\n

And, if all this sounds familiar \u2014 that just means you\u2019ve been paying attention. Mullen purchased a controlling interest in Bollinger Motors for $148.2 million in cash and stock back in September of 2022<\/a>, with promises to revive the tough-looking B1 and B2 concept trucks.<\/p>\n

Bollinger B1 electric SUV<\/h2>\n\n
\"Bollinger<\/figure>\n

READ MORE<\/strong>: Mullen claims majority stake in Bollinger Motors, will revive B1 and B2<\/a>.<\/p>\n\n

\n<\/blockquote>\n
\n<\/blockquote>\n

The fresh investment settles the debt with Robert Bollinger and means that Mullen has formally acquired an additional 21% of Bollinger Motors, Inc., bringing its total ownership to 95%. Mullen claims the deal increases shareholder equity by approximately $3.5 million, though it\u2019s worth noting that the company enacted a reverse stock split that took effect 02JUN2025<\/a>, in order to remain in compliance with the $1.00 minimum bid price requirement on NASDAQ.<\/p>\n

Mullen also recently acquired the Fullerton, California battery production facility and \u201ccapabilities\u201d of bankrupt electric semi truck brand, Nikola, in a move the company says is focused on increasing US manufacturing capabilities in response to demand for American-made battery components and systems<\/a>.<\/p>\n

The priority at Bollinger Motors, for now, is to regain momentum for the Bollinger B4 Chassis Cab<\/a>. The B4 is a Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input that ships with a 158 kWh battery pack good for 185 miles of range, with 46-foot turning radius and an impressive payload capacity of 7,325 lbs. rounding out the spec sheet.<\/p>\n

SOURCE | IMAGES<\/strong>: Mullen Automotive<\/a>.<\/p>\n

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<\/div>\n","protected":false},"excerpt":{"rendered":"

Electric truck startup Bollinger Motors seemed to be circling the drain last week, but a fresh investment from Mullen Automotive and a new\/old face at the helm means there might be life in the medium-duty EV brand, yet. Here\u2019s what we know, so far. Last week, we wrote about a multimillion dollar lawsuit filed by […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/82770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82770"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/82770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82770"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}