Bollinger Motors Faces Lawsuit by Robert Bollinger Over Unpaid Interest - Is Financial Trouble Persisting?
In a significant move, electric vehicle truck startup Bollinger Motors has merged with Mullen Automotive operations to form Bollinger Innovations, aiming to improve efficiencies [2][3][4]. However, the company is currently facing financial distress and legal issues.
Financially, Bollinger Innovations shows a market capitalization around $680,000 with trailing twelve months (ttm) revenue of about $8.93 million. Despite some revenue growth, the company reported a substantial net loss of approximately $439 million in the same period [1].
The company's financial troubles are further evident in the lawsuits it faces. Bollinger Motors is unable to pay its debts and is being sued by at least two suppliers. The total value of the completed trucks exceeds $5 million, according to the lawsuit [5].
Regarding the legal dispute between Robert Bollinger and the company, no current information or evidence was found about any ongoing legal disputes involving Robert Bollinger and Bollinger Motors or Bollinger Innovations as of mid-2025 [6].
The vehicles are manufactured under contract by Roush Enterprises, though it remains unclear how many have been delivered to fleet operators. The Bollinger Motors' electric Class 4 truck, the B4, is priced at $135,000 [7].
In an effort to cut costs, Bollinger Motors has reduced its workforce from around 130 to approximately 100. Production of trucks at Bollinger Motors has been temporarily halted, confirmed by the newly appointed CEO, Bryan Chambers [8].
Bollinger Motors recently announced a strategic partnership with EO Charging for comprehensive electrification solutions for commercial fleet customers. The company's national dealer network will offer access to EO Charging's full-service infrastructure, ensuring over 99% uptime [9].
Despite the challenges, Bollinger Motors has reportedly built approximately 40 vehicles since production commenced last fall, with 34 unsold B4 trucks currently on-site at the company's headquarters [10].
Bryan Chambers took over as CEO from James Taylor, who replaced Robert Bollinger who remains on the Board of Directors and a major shareholder. Robert Bollinger made a statement at the launch of production in September 2022, expressing gratitude to the team and pride in the company's achievements [11].
However, the company is currently facing an ongoing legal issue, and Bryan Chambers has stated that it is their policy not to comment on it [8]. The lawsuit requests the appointment of a receiver to oversee the company's assets and ensure repayment to creditors, with Bollinger Motors pledging its entire asset portfolio as collateral for the loan in question [5].
Despite the challenges, Bollinger Motors continues to push forward, aiming to improve its financial situation and overcome the legal hurdles it faces. The consolidation with Mullen Automotive and the strategic partnership with EO Charging are steps towards a brighter future for the company.
The consolidation with Mullen Automotive and the strategic partnership with EO Charging are steps towards a brighter future for Bollinger Innovations, which faces financial distress and legal issues in both the automotive and finance industries. The company's current financial status shows a market capitalization of around $680,000, with a significant net loss of approximately $439 million in the same period, while also dealing with lawsuits from at least two suppliers, with the total value of the completed trucks exceeding $5 million. The legal issue involving the company is ongoing, and Bollinger Motors pledged its entire asset portfolio as collateral for the loan in question.
