In a decisive move to expand its electric vehicle (EV) portfolio, Mullen Automotive has taken full control of Bollinger Motors by acquiring a 95% controlling stake. This strategic acquisition underscores Mullen’s ambition to grow its presence in the commercial EV space.
The acquisition builds on Mullen’s initial investment in Bollinger, which began with a 60% stake in 2022. Now, with a near-complete ownership, Mullen is poised to accelerate Bollinger’s product development, particularly in electric trucks and fleet vehicles.
Bollinger Motors, known for its rugged all-electric trucks such as the B1 SUV and B2 pickup, is also focusing on the commercial segment with its Class 4 and Class 5 electric platforms. Mullen’s increased involvement aims to push these platforms toward full-scale production.
Company executives emphasized that this acquisition will help streamline operations, reduce costs, and consolidate resources between both companies. It also enables Mullen to expand its footprint in both consumer and commercial EV markets while leveraging Bollinger’s engineering strengths.
The move comes at a time when demand for commercial EVs is steadily rising in the U.S., driven by sustainability mandates and fleet electrification trends. Mullen’s control over Bollinger puts it in a strong position to capitalize on government incentives and fleet partnerships.
With this acquisition, Mullen Automotive is reinforcing its long-term vision of becoming a key player in the electric mobility space. The integration of Bollinger’s innovative truck platforms enhances Mullen’s competitiveness and opens new avenues for growth in the commercial EV segment.
