Mullen Automotive has absorbed yet another fellow EV start-up. Today’s acquisition includes Electric Last Mile Solutions, or ELMS, which filed for bankruptcy in June. Mullen received court approval last week to acquire ELMS’s Indiana manufacturing facility, its inventory of EVs, and all its intellectual property.
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EV start-up Mullen Automotive has announced the purchase of a controlling interest in Bollinger Motors for $148.2 million in cash and stock. As the new majority owner, Mullen has already shared intentions to use the cash to resume Bollinger’s halt to B1 and B2 electric truck production while continuing to pursue the development of class 3-6 medium-duty electric trucks.
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Mullen Technologies announced today that it plans to produce its Qiantu K50 sports coupe in Spokane, Washington.
Mullen, a California-based electric vehicle company, announced that it secured a deal to bring the Qiantu electric roadster to the US. Expand
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If you have been following electric cars for as long as I have you probably remember Coda, a California-based electric car startup that tried to sell a cheap electric car before going bankrupt in 2013 with only a handful of cars delivered.
Their technologies were purchased by Mullen Technologies, a California-based distributor of small commercial EVs, and they are now trying to bring the Coda electric car back to life. Expand
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