Mullen Automotive has acquired EV manufacturer Bollinger Motors
EV start-up Mullen Automotive has announced that it has acquired a majority stake in Bollinger Motors (start-up), a pioneer in EV trucks. With this acquisition, Mullen enters the medium-duty vehicle classes 3-6 as well as the B1 and B2 sport utility trucks for the first time. Mullen now owns a majority of Bollinger Motors, Inc. for the sum of $148.2 million in cash and stock for a 60% controlling interest. This acquisition will bring opportunities for both companies. Mullen Automotive plans to use some of the money from its acquisition purchase to start producing the B1 and B2 electric trucks. Bollinger is now well-positioned to dominate the electric sport utility and commercial vehicle industries and Mullen will have the exceptional chance to aggressively enter the competitive commercial EV market.
About Ingenious e-Brain Solutions:-
Ingenious e-Brain Solutions provides high-quality, customized and cost-effective Technology Research, Business Research, and Intellectual Property Research solutions to industry leaders, and innovative companies across the globe. Innovation, knowledge and transparency form the basis of our company’s mission and vision. Along with cost benefits, we provide highest quality results ensuring fool-proof confidentiality and security. We are an ISO certified company with offices in India and USA.
Ingenious e-Brain Solutions has a strong team of analysts, and subject matter experts with domain proficiency which is devoted to help clients grow. Our highly qualified professionals offer tailored, value-added and cost-effective services to our clients. We believe in building long term relationships with our clients who include national and international corporations, Fortune 500 companies, world’s leading research institutes and universities as well as independent inventors.
Get in Touch:-
207-208 Welldone TechPark, Sohna Road
Sector 48, Gurugram,Haryana 122018, India
+91 124 429 4218