Founder’s financing to support Bollinger’s production ramp-up and sale of the Bollinger B4, Class 4 EV truck
Robert Bollinger, Founder of Bollinger Motors, Celebrates B4 Production Launch
BREA, Calif., Oct. 28, 2024 – via IBN — Mullen Automotive Inc. (Nasdaq: MULN), an electric vehicle (EV) manufacturer, today announces that Robert Bollinger, founder of Bollinger Motors, has provided Bollinger with $10 million in non-dilutive debt financing to support Bollinger’s production ramp-up and sale of the B4, Class 4 EV truck.
“Thanks to the incredible achievements of this hardworking team our trucks are now shipping to customers and dealers nationwide,” said Bollinger. “We are now truly an OEM.”
“Robert’s continued support and participation in the growth of Bollinger Motors demonstrates his ongoing commitment and is key to building the brand that carries his name,” said David Michery, CEO and chairman of Mullen Automotive.
Bollinger Motors started full-scale production of its industry-leading, all-electric Class 4 truck, the Bollinger B4, in September. The trucks are assembled at Roush Industries in Livonia, Michigan, with greater than 70% US-made content.
Further information about the financing will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission at SEC.gov.
