• Mullen Automotive (Mullen), a California-based automotive and electric vehicle manufacturer, has acquired electric truck maker Bollinger Motors for USD 148.2 million in cash and stock for a 60% stake in the company. With this, Mullen enters into the Class 3–6 medium-duty electric and sport utility truck space.

• The acquisition will allow Mullen to operate across Class 1–6 commercial light and medium-duty truck segments—adding to its Class 1–2 light-duty cargo van development. Bollinger Motors will also be able to use Mullen’s solid-state battery technology in its vehicles.

<ul><li>Bollinger Motors offers electric trucks for consumer and commercial applications. However, the consumer vehicle development was postponed in January to focus on the commercial vehicle segment. Under its commercial vehicles segment, the company offers several models including the recently unveiled B4 Chasis, an all-electric Class 4 truck with a cab-forward design and improved safety, cargo, and turn circle capabilities. With Mullen's acquisition and capital investment, the company also plans to revive its consumer truck business after commencing commercial truck production. Its consumer EV models had 50,000 reservations at the time the company postponed the development.</ul>