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Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher on Wednesday. The company’s Bollinger Motors disclosed its first West Coast customer delivery for a total retail value of nearly ...
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In September 2022, renderings of the Commercial Platform-based Bollinger B4 cab-forward medium-duty Class 4 truck were unveiled. [29] Also in September 2022, Mullen Automotive acquired a 60% controlling interest in Bollinger Motors for US$148.2 million. [30] The news spurred speculation the B1/B2 could be relaunched. [31]
The company disclosed that its subsidiary, Bollinger Motors, achieved a milestone on September 20, 2024, by producing the first customer-ready B4 electric truck in Livonia, Michigan.
In September 2022 Mullen purchased a controlling stake in Bollinger Motors, a manufacturer of EV pick-ups and SUVs, for $148.2 million [16] This valued pre-revenue Bollinger Motors at $247 Million. In June 2022, Bollinger had little more than a month left of cash to cover operating expenses. [17]
After Bollinger Motors was founded in 2014, a prototype announcing the company's first production electric off-road vehicle was unveiled in September 2017. The B1 Concept took the form of a three-door vehicle with an angular silhouette and matte paint.
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