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The latest update is out from Mullen Automotive ( (MULN) ).
Bollinger Motors, a subsidiary of Mullen Automotive, has secured $10 million in non-dilutive debt financing from founder Robert Bollinger to boost the production and sales of its all-electric Class 4 truck, the Bollinger B4. This financial boost aims to enhance Bollinger’s market presence, with trucks already shipping nationwide, showcasing its commitment to becoming a leading OEM in the electric vehicle sector. The trucks are manufactured at Roush Industries in Michigan, with significant U.S.-made content.
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