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Mullen Automotive Says Bollinger Unit to Get $10 Million in Financing From Founder
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Mullen Automotive Says Bollinger Unit to Get $10 Million in Financing From Founder
Nov 3, 2024 12:50 PM

11:58 AM EDT, 10/28/2024 (MT Newswires) -- Mullen Automotive ( MULN ) said Monday that Robert Bollinger, founder of the company's Bollinger Motors unit, has provided Bollinger with $10 million in non-dilutive debt financing to support its production ramp-up and sale of the Bollinger B4 electric truck.

The electric vehicle maker said Bollinger commenced full-scale production of the truck in September.

Mullen shares were down 11% in recent trading.

Price: 2.49, Change: -0.31, Percent Change: -11.04

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