{"id":231524,"date":"2022-09-09T14:39:00","date_gmt":"2022-09-09T18:39:00","guid":{"rendered":"https:\/\/www.thedetroitbureau.com\/?p=231524"},"modified":"2022-09-09T16:53:26","modified_gmt":"2022-09-09T20:53:26","slug":"mullen-bollinger-joining-forces-in-battle-for-ev-market","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2022\/09\/mullen-bollinger-joining-forces-in-battle-for-ev-market\/","title":{"rendered":"Mullen, Bollinger Joining Forces in Battle for EV Market"},"content":{"rendered":"\n

Two would-be makers of electric vehicles, Mullen Automotive and Bollinger Motors, are joining forces with Mullen announcing it spent $148.2 million to acquire 60% of Bollinger\u2019s stock.<\/p>\n\n\n\n

\"Bollinger
Bollinger Motors founder and CEO Robert Bollinger outlined the benefits of the merger between Mullen and Bollinger.<\/figcaption><\/figure><\/div>\n\n\n\n

David Michery, Mullen\u2019s CEO and chairman, and Robert Bollinger, Bollinger\u2019s founder and CEO, appeared side by side during a webinar to explain the deal.<\/p>\n\n\n\n

The partnership between Mullen and Bollinger will make it easier to put their vehicles into production as soon as next year.<\/p>\n\n\n\n

Money is critical<\/h2>\n\n\n\n

\u201cA lot of automotive comes down to cash,\u201d said Bollinger, who said the deal will expedite Bollinger\u2019s efforts to not only get the B4, a battery-electric cab forward truck in which potential customers can customize the truck\u2019s functions, but also its B1 and B2 Class 2 vehicles as well.<\/p>\n\n\n\n

As the partnership matures, it also will help with other facets of business in which the two companies will be able to combine forces such as distribution.<\/p>\n\n\n\n

Bollinger added the new Inflation Reduction Act, which grants substantial tax breaks to EV buyers who put them into commercial trucks into service, added to the impetus behind the deal.<\/p>\n\n\n\n

\"Bollinger
The partnership revives production of the B1 and B2 models in the near term.<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cSynergistically it all works,\u201d said Michery, adding he has been very impressed with the quality of the off-road capability developed for Bollinger\u2019s rolling chassis, which would be a good fit for a variety of customers, such as the U.S. Department of Defense.<\/p>\n\n\n\n

\u201cI have been a fan of Bollinger for some time,\u201d he said.<\/p>\n\n\n\n

Mullen get chance to expand market<\/h2>\n\n\n\n

Michery added the acquisition is one of the largest in the EV industry to date and provides Mullen with the unique opportunity to aggressively expand into the high-demand commercial EV space.<\/p>\n\n\n\n

\u201cThe strong interest shown by major customers in all the high-volume segments like delivery, telecom, municipal services, and utilities is a clear indication of the market\u2019s desire for Bollinger\u2019s vehicles,\u201d he said.<\/p>\n\n\n\n

\u201cThe combination of Bollinger\u2019s vehicles with Mullen\u2019s existing Class 1 and Class 2 EV cargo van programs gives us the chance to dominate the entire class 1-6 commercial light and medium duty truck segments,\u201d Michery added.<\/p>\n\n\n\n

In addition, Bollinger will be able to leverage Mullen\u2019s solid-state battery technology, making their current vehicles even more competitive as our technology launches across the total portfolio of EVs from both Mullen and Bollinger.<\/p>\n\n\n\n

\"Bollinger
Mullen’s acquisition of a controlling interest in Bollinger revives production of the B1 pickup and B2 SUV, pictured above.<\/figcaption><\/figure><\/div>\n\n\n\n

Bollinger, which recently moved its operations into a larger building in Oak Park, Michigan, just outside Detroit, was launched in 2015 and has developed proprietary vehicle battery packs, drivetrains, and thermal and vehicle control software units. <\/p>\n\n\n\n

As part of the acquisition, the company brings Mullen 50,000 reservations previously taken for the B1 and B2 vehicles. With Mullen\u2019s acquisition and capital injection, both B1 and B2 programs will begin after the start of production for class 3-6 commercial truck programs. <\/p>\n\n\n\n

Earlier this month, Bollinger revealed for the first time the B4, a class 4 electric commercial truck. <\/p>\n\n\n\n

B4 will be first vehicle to market<\/h2>\n\n\n\n

The B4 electric chassis cabs will be the first of the company\u2019s commercial lineup to hit the ground in upcoming client test programs. The new Bollinger B4 incorporates years of feedback from dozens of major fleets looking to electrify their vehicles. <\/p>\n\n\n\n

The result is a cab-forward truck, designed from the ground up to offer maximum cargo volume, accommodate unlimited adaptation and prioritize safety. Bollinger will be testing B4 chassis cab trucks this fall with fleet customers, upfitters, and charging companies to gather constructive feedback. <\/p>\n\n\n\n

\u201cWe are proud to design our commercial EVs from the ground up, here in America, offering greater efficiency, lower total cost of ownership and greater cargo volume. Our dream is to build the world\u2019s best trucks and SUVs,\u201d said Bollinger.<\/p>\n\n\n\n

\u201cThis partnership will bring us closer to making those visions a reality, as it allows us to ramp up production on our end and get Mullen\u2019s EV programs to the market faster.\u201d<\/p>\n\n\n\n

\u201cWe have been looking at this space carefully and raising the capital in advance, allowing us to take advantage of opportunities that arise,\u201d added Michery. \u201cWe think Bollinger Motors is a perfect example of a smart investment in a known company and brand.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Mullen and Bollinger join forces for an assault on market for battery-electric commercial trucks. Move also revives production of Bollinger\u2019s Class 2 pickup and SUV. Find out more at TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":144528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7744,7,8,5,10,1164,3185,2648,9],"tags":[7749,7634,4420,7747,5590],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/231524"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=231524"}],"version-history":[{"count":4,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/231524\/revisions"}],"predecessor-version":[{"id":231531,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/231524\/revisions\/231531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/144528"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=231524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=231524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=231524"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=231524"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=231524"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=231524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}