Mullen Automotive completed the acquisition of a 60% stake in Bollinger Motors for $148m.

Mullen Automotive, a firm engaged in manufacturing electric vehicles and energy solutions, completed the acquisition of a 60% stake in Bollinger Motors, a manufacturer of commercial electric trucks and chassis cabs, for $148m. “Combining Bollinger’s vehicles with our existing class 1 and class 2 EV cargo van programs gives us the chance to dominate the entire class 1-6 commercial light and medium duty truck segments. In addition, Bollinger will be able to leverage Mullen’s solid-state battery technology, making their current vehicles even more competitive as our technology launches across the total portfolio of EVs from both Mullen and Bollinger," David Michery, Mullen Automotive CEO and Chairman.