OAK PARK–Bollinger Motors, the electric truck developer now majority owned by California-based Mullen Automotive, Inc. (NASDAQ: MULN), announced a deal with Lafayette, Ind.-based Wabash National Corp., a truck body and trailer manufacturer, to develop a stronger, lighter, refrigerated truck body on electric chassis.
Wabash has developed a lightweight composite technology, EcoNex Technology, for use in truck bodies and trailers that will seamlessly integrate with Bollinger’s Class 4 electric chassis cab. Wabash’s EcoNex Technology is made from composite material that is more durable, lighter, and more thermally efficient than other commercial products.
The companies’ unique offering includes:
- Weight savings due to Wabash’s lightweight EcoNex composite technology
- Electrification of customer fleets utilizing Bollinger’s all-electric chassis cab
- Increased total payload capacity due to lower overall truck weight
- Breakthrough improvement in thermal efficiency compared to conventional design
- Overall cost savings due to weight savings and thermal efficiency
On Sept. 7, Bollinger Motors become a majority owned EV truck company of Mullen Automotive Inc. (NASDAQ: MULN). This is Mullen’s first EV acquisition and propels it into the medium-duty truck classes 3-6, along with the B1 and B2 sport utility trucks. Mullen paid $168.2 million in cash and stock for 60% ownership of Bollinger, which remained under the leadership of founder and CEO Robert Bollinger, out of its Oak Park headquarters.
Founded in 2015 by Robert Bollinger, Bollinger Motors is a U.S.-based company that will manufacture all-electric platforms and chassis cabs for commercial vehicles in Classes 4-6. More at BollingerMotors.com.
More about Wabash at onewabash.com.