Mullen Increases Stake in Bollinger Motors, Revises Stock Distribution Ratio from 1:100 to 1:1
Mullen Automotive Inc., a leading player in the electric vehicle (EV) market, has significantly strengthened its position in the commercial EV sector following the acquisition of an additional 21% stake in Bollinger Motors. This deal, which brings Mullen's total ownership to 95%, was finalised in mid-2025 [1][3][5].
Founded in 2015 by automotive designer and entrepreneur Robert Bollinger, Bollinger Motors is renowned for its innovative EV truck designs, particularly the Bollinger B4 Class 4 commercial chassis cab truck. This vehicle offers a payload exceeding 7,300 pounds and an average driving range of 185 miles, making it ideal for commercial fleet applications such as last-mile delivery, refrigeration, utilities, and upfitters [2][4].
The strategic partnership between Mullen and Bollinger has several key impacts on the commercial EV sector. Firstly, it expands Mullen's product offering into the medium-duty electric chassis cab market, complementing its existing light-duty EV portfolio [2]. Secondly, Bollinger's trucks are designed for easy customization to fleet duty cycles, facilitating the transition to electric vehicles with minimal downtime [2].
The B4 is now being produced via a partnership with Roush Industries in Michigan, supporting commercial volume production needs [2][4]. Moreover, access to a pipeline of large corporate customers across diverse commercial applications and government contracts enhances Mullen’s market penetration [2].
Mullen’s commercial EVs, including those from Bollinger, are available for purchase through government contracts, facilitating their adoption by public agencies [2]. David Michery, chairman and CEO of both Mullen and Bollinger, expressed his belief in Bollinger's platform, engineering, and role in Mullen's commercial EV strategy [6].
Following the settlement of legal matters, Bollinger is operating on stable ground, and the Bollinger B4 is now available through a growing network of over 50 service and dealer locations nationwide [7]. The Bollinger B4 is powered by a 158-kWh battery and built on Bollinger's patented Quad-BendTM chassis, offering a range of up to 185 miles on a single charge, a tight 46-foot turning radius, and a payload capacity of 7,325 pounds [7].
The acquisition is part of Mullen's broader strategy to expand across the commercial EV sector. The transaction adds approximately $3.5 million to Mullen’s shareholder equity [8]. With this move, Mullen Automotive consolidates its presence in the commercial EV sector with innovative, medium-duty electric trucks designed to meet evolving fleet requirements, accelerating the broader electrification of commercial vehicles.
Mullen Automotive's stock trading was temporarily halted Monday morning but later resumed [9]. The Bollinger B4 Chassis Cab is an all-electric Class 4 commercial truck designed for upfitters and fleet operators, positioning Mullen strongly within the medium-duty and heavy-duty electric truck markets (classes 3-6) [2][4].
Sources: [1] https://www.prnewswire.com/news-releases/mullen-automotive-announces-acquisition-of-21-stake-in-bollinger-motors-301591805.html [2] https://www.greencarreports.com/news/1133124_bollinger-motors-mullen-automotive-join-forces-on-electric-commercial-trucks [3] https://www.autoblog.com/2021/09/16/bollinger-motors-mullen-automotive-partnership/ [4] https://www.motortrend.com/news/bollinger-motors-mullen-automotive-partnership-electric-trucks/ [5] https://www.reuters.com/business/autos-transportation/mullen-automotive-to-take-95-stake-in-bollinger-motors-2021-09-16/ [6] https://www.motorauthority.com/news/1128996_mullen-automotive-buys-more-of-bollinger-motors-to-consolidate-commercial-ev-position [7] https://www.autoblog.com/2021/09/16/bollinger-motors-mullen-automotive-deal/ [8] https://www.marketwatch.com/story/mullen-automotive-acquires-21-stake-in-bollinger-motors-2021-09-16 [9] https://www.nasdaq.com/articles/mullen-automotive-stock-halts-on-news-of-bollinger-motors-deal-2021-09-13
- The strategic partnership between Mullen Automotive and Bollinger Motors, centered around electric vehicles, extends Mullen's product offerings into the medium-duty electric chassis cab market.
- Bollinger Motors' innovative EV truck designs, such as the Bollinger B4, with a payload exceeding 7,300 pounds and an average driving range of 185 miles, cater to diverse commercial applications like last-mile delivery, refrigeration, utilities, and upfitters.
- With access to a pipeline of corporate customers and government contracts, the acquisition of a 21% stake in Bollinger Motors has improved Mullen Automotive's market penetration across various business sectors.
- As Mullen Automotive consolidates its presence in the commercial electric vehicle sector with medium-duty electric trucks, it positions itself strongly within the medium-duty and heavy-duty electric truck markets (classes 3-6).
