#United States #electric vehicles #Bollinger Motors #Oak Park #Mullen Automotive

Bollinger Motors Exits Receivership, Eyeing a Bright Future with Mullen Automotive

Bollinger Motors, the electric vehicle manufacturer known for its unique all-electric commercial trucks, has successfully emerged from receivership. This significant development comes on the heels of a settlement between Bollinger's founder, Robert Bollinger, and its parent company, Mullen Automotive Inc. (NASDAQ: MULN). With the legal claims effectively resolved, Mullen has bolstered its ownership of Bollinger Motors to an impressive 95%.

During the tumultuous period of receivership, Bollinger Motors remarkably maintained its focus on selling and servicing its flagship product—the Bollinger B4 all-electric commercial truck. Although its financial operations were under the control of a court-appointed receiver, the commitment to customer service and vehicle sales remained unshaken. David Michery, the CEO and chairman of Mullen Automotive, has now taken on the same roles at Bollinger Motors, indicating a cohesive strategy aimed at elevating the Bollinger brand.

A New Chapter for Bollinger Motors

Michael Michery expressed a sense of optimism while reflecting on the company’s future, stating, "The vehicle sales and customer service have been our top priorities throughout this difficult period. I commend the team for their resilience. Now, with these challenges behind us, we look forward to advancing our vision of providing sustainable transportation solutions."

With a clear focus on electrification, both Mullen Automotive and Bollinger Motors are committed to delivering world-class vehicles to meet customer needs. The Bollinger B4 Chassis Cab stands out as a robust platform designed with fleet operators' input, featuring a 158-kWh battery pack, ensuring not just impressive operational capability, but also enhanced safety.

As the company transitions from receivership, it aims to continue expanding its commercial vehicle lineup. The development of the Bollinger B5, an all-electric Class 5 truck, is already underway, with plans for its launch set for 2026.

Jim Connelly, Chief Revenue Officer of Bollinger Motors, added, "In recent weeks, we have been reinforcing our message to customers: 'We are open for business.' The market for commercial electric vehicles is brimming with opportunity, and we are dedicated to delivering exceptional vehicles that help clients meet their electrification goals."

The Future of Electric Commercial Vehicles

Founded in 2015 and based in Oak Park, Michigan, Bollinger Motors has experienced significant growth since becoming majority-owned by Mullen Automotive in September 2022. The recent milestones achieved include the highly anticipated production launch of the B4 electric truck on September 16, 2024. Moreover, the company has developed a robust dealer and service network spanning over 50 locations across the United States, reinforcing its commitment to customer support.

Mullen Automotive itself is a forward-thinking automotive enterprise based in Southern California, dedicated to producing next-generation commercial electric vehicles. With production facilities in Tunica, Mississippi, and Mishawaka, Indiana, Mullen has already commenced the production of its highly regarded vehicles, compliant with both U.S. Environmental Protection Agency (EPA) standards and the California Air Resources Board (CARB).

As the electric vehicle landscape continues to evolve, the collaboration between Bollinger Motors and Mullen Automotive augurs well for a sustainable future. By continually innovating and expanding their product offerings, they aim to play a significant role in reshaping the commercial automotive sector.

With both companies aligned in their goals, customers can expect ongoing advancements and unwavering support in the transition towards electric fleets. The future is bright for Bollinger Motors and Mullen Automotive, who are driven by a shared commitment to excellence in the electric vehicle market.