The purchase price is $148.2 million in cash and stock for a 60% controlling interest, which gives Mullen the majority ownership of Bollinger Motors, Inc.
The producer of the Bollinger B2 electric vehicle looks forward to Burke's years of experience in the new role.
Bollinger will source and provide all materials for Roush to assemble its all-electric vehicle platforms and chassis cabs.
An all-electric pick-up truck by Bollinger Motors will be displayed at the Con Edison booth at the 2022 New York Auto Show, as a part of Con Edison's Clean Energy Commitment to electrify its fleets.
The move, announced via Instagram, will help Bollinger Motors to continue to develop technology that will have an impact in the automotive world's green future.
Amid a wild west industry phase, the electric truck start-up is taking a measured, strategic approach to developing vehicles for the medium-duty fleet markets.
Bollinger's Deliver-E concept vehicle uses the engineering, technology, and components used in Bollinger's product portfolio to deploy an electric van suited to the delivery market.
Bollinger Motors has unveiled a patent-pending E-Chassis Class 3 electric platform, designed with commercial applications in mind.
The B2 pickup truck features dual motors, all-wheel drive, a 120-kWh battery pack, and plenty of storage space.
Bollinger Motors has chosen Optimal, Inc. of Plymouth, Mich., to help bring the Bollinger B1 all-electric, all-wheel-drive Sport Utility Truck (SUT) to production by the end of the year.
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