Delivery Risk: B1/B2 consumer trucks canceled. B4 commercial truck shipping in limited numbers.

Prototype Status: B1/B2 prototypes existed but never entered production. B4 is in production.

Funding: Mullen acquired 95% ownership. Mullen itself has financial struggles (penny stock territory).

⚠️ Timeline Alert: Bollinger's consumer trucks (B1/B2) were canceled due to high production costs. The company pivoted to commercial Class 4 trucks (B4), which began production in Sep 2024. Mullen acquired majority ownership, Bollinger went through receivership in May 2025, and emerged in June 2025 with Mullen at 95% ownership after paying founder $11M.

Key Specifications

B1/B2 Price (was)

$125,000

B1/B2 Range (claimed)

200 miles

B4 MSRP

$158,758

B4 Class

Class 4 Commercial

B4 Production Start

Sep 2024

B1/B2 Status

Canceled

Parent Company

Mullen Automotive (95%)

Perfect For / Not Great For

Ideal Use Cases

Commercial Fleet Vehicle (B4)

★★★☆☆ The B4 Class 4 chassis cab is actually shipping to commercial fleet customers

Case Study in EV Pivots

★★★★★ Textbook example of a consumer EV dream meeting production cost reality

Not Recommended For

Consumer Truck

☆☆☆☆☆ The B1/B2 consumer trucks were canceled and will never be produced

Investment

★☆☆☆☆ Parent company Mullen (MULN) has been a notorious penny stock with reverse splits

Company Health & Production Status

Production Progress: The consumer B1/B2 trucks were permanently canceled. Bollinger pivoted to the B4 commercial Class 4 chassis cab ($158,758 MSRP), which started production Sep 2024. Went through receivership May 2025, emerged June 2025 under Mullen's 95% ownership.

Overall Progress: 25% - Consumer trucks dead. Commercial B4 shipping in limited numbers.

Metric	Status	Risk Level
B1/B2 Consumer Trucks	❌ Canceled — too expensive to produce	🔴 Dead
B4 Commercial Truck	✅ Production started Sep 2024, deliveries ongoing	🟡 Medium
Corporate Stability	⚠️ Receivership May 2025 → Emerged Jun 2025	🟡 Medium
Parent Company (Mullen)	⚠️ Penny stock, multiple reverse splits	🔴 High

Manufacturer Website

Visit Official Website

Pricing Breakdown

Trim	Price
B1 (Canceled)	$125,000 (never produced)
B2 (Canceled)	$125,000 (never produced)
B4 Chassis Cab	$158,758 MSRP (eligible for $100K+ in incentives)

Note: The consumer B1/B2 were priced at $125K before cancellation. The B4 commercial truck MSRPs at $158,758 but qualifies for significant federal and state fleet incentives.

The Reality Check

What's Going Right:

Iconic, beloved design — the B1/B2 generated massive enthusiast following
Successfully pivoted to commercial B4 and began real production (Sep 2024)
B4 has secured meaningful fleet orders (Momentum Group: 145, Doering: 70, EnviroCharge: 50)
Working product exists — the B4 is actually being delivered to customers
Emerged from receivership with resolved ownership disputes

Red Flags:

Consumer B1/B2 trucks permanently canceled — the vehicles fans actually wanted will never be built
Acquired by Mullen Automotive, a deeply troubled penny stock company
Went through court-ordered receivership in May 2025
Founder Robert Bollinger had to sue for $10.5M he personally loaned the company
Mullen CEO David Michery now controls both companies — concentration risk
B4 at $158K is a niche commercial product, not the consumer truck that was promised
Mullen stock (MULN) has lost 99%+ of value through reverse splits

Timeline & Milestones

2025-06

Emerges From Receivership
Bollinger exits receivership after Mullen settles claims, paying founder Robert Bollinger $11M. Mullen increases ownership to 95%. David Michery becomes CEO of both companies.

2025-05

Court-Ordered Receivership
Bollinger enters receivership after founder Robert Bollinger sues Mullen for $10.5M in unpaid personal loans he made to keep the company alive.

2024-10

First B4 Customer Deliveries
First B4 commercial trucks delivered to customers. Delivered five B4s to Nacarato Truck Centers valued at $800K total.

2024-09

B4 Production Begins
Serial production of the B4 Class 4 commercial chassis cab begins at Bollinger's facility.

2022-09

Mullen Acquires 60% Stake
Mullen Automotive acquires 60% controlling interest in Bollinger Motors for $148.2M. Company pivots fully to commercial vehicles.

2021-01

B1/B2 Production Postponed Indefinitely
Bollinger announces indefinite postponement of the B1 and B2, citing production costs that made the $125K price point unviable.

2020-10

B2 Pickup Truck Unveiled
Bollinger reveals the B2 four-door pickup truck alongside refreshed B1 SUV. Reservations open at $125,000.

2019-09

B1 Prototype Debuts
Bollinger reveals the B1 sport utility truck. Boxy, utilitarian design generates massive enthusiast interest. Two-door design, pass-through front trunk.

2015

Company Founded
Robert Bollinger founds Bollinger Motors in Hobart, New York, with a vision to build a no-frills, all-electric utility truck.

🔮 Bottom Line

Bollinger Motors is a bittersweet story. The B1 and B2 were among the most beloved EV truck designs ever shown — boxy, purposeful, no-nonsense utility vehicles that generated genuine excitement. But at $125,000, they proved too expensive to produce profitably, and production was permanently shelved.

The pivot to commercial Class 4 trucks (B4) at $158K is a pragmatic survival move, and the B4 is actually shipping to fleet customers. But the Mullen acquisition and subsequent receivership drama raise serious questions about long-term viability. Mullen itself is a deeply troubled company.

Our Recommendation: If you reserved a B1 or B2, that dream is over. The B4 is a real product for commercial fleet buyers, but the Mullen parent company's financial instability makes any long-term commitment risky. Score: 3/10 (consumer), 5/10 (commercial B4 fleet buyers).

Bollinger B1 / B2