Curated News
By: NewsRamp Editorial Staff
June 02, 2025
Mullen Automotive (NASDAQ: MULN) Increases Stake in Bollinger Motors by 21%
TLDR
- Mullen Automotive gains competitive edge with 95% stake in Bollinger Motors, boosting shareholder equity by $3.5 million.
- Mullen's acquisition increases ownership to 95% in Bollinger Motors, ensuring support for its commercial EV lineup like the all-electric B4 Chassis Cab.
- Mullen's investment in Bollinger Motors fosters growth in commercial EV sector, driving innovation for a more sustainable future.
- Mullen Automotive's ownership expansion in Bollinger Motors accelerates development of the all-electric B4 Chassis Cab, shaping the future of commercial EVs.
Impact - Why it Matters
This news highlights Mullen Automotive's strategic move to enhance its position in the EV market, showcasing a commitment to innovation and growth. The increased ownership in Bollinger Motors signals a significant step in expanding Mullen's commercial EV offerings and driving synergies to propel development further.
Summary
Mullen Automotive (NASDAQ: MULN) has acquired an additional 21% stake in Bollinger Motors, increasing its ownership to 95% and boosting shareholder equity by $3.5 million. Bollinger will operate independently under Mullen, with its EV lineup, including the B4 Chassis Cab, fully supported for sales and service. Mullen aims to accelerate B4's development and growth in the commercial EV sector.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Mullen Automotive (NASDAQ: MULN) Increases Stake in Bollinger Motors by 21%
