A MAJOR electric vehicle manufacturer has been reportedly been saved from brink of collapse.

The company recently had its assets frozen after a court case left it in debt.

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Bollinger Motors was founded in 2014 and quickly gained attention with their blocky, pickup truck style electric vehicles.

Several weeks ago the company landed in hot water after it became the subject of several lawsuits.

As a result, the company’s assets were frozen and it was left struggling to resolve its debts.

On June 4, Mullen Automotive announced that they had acquired the company, helping to resolve its ongoing financial issues.

Motor1 reported that Mullen Automotive acquired an additional 21 per cent of the foundering company, taking its total ownership to 95 per cent.

The new owners have said they will still maintain “its own brand identity and focus.”

In a statement about the acquisition, Mullen Automotive said it has “resolved recent claims and debt that had led to a court-ordered receivership for Bollinger.”

It meant that the court had discharged and removed the receivership, in addition to dismissing the case.

The resolution of its legal battles means the company is back to “business as usual,” including sales, services and warranty coverage.

The company finances hit a rough patch earlier this year when its founder and former CEO Robert Bollinger filed a lawsuit claiming he was owed $10 million.

The lawsuit, filed in March 2025, claimed that the $10 million loan he had given to the company required periodic interest payments.

Its assets were frozen on May 7 when the company went into receivership at Robert’s request.

During the receivership, the company still managed to sell and deliver trucks to customers.

Following the lawsuit, several other companies sued the EV producer, alleging unpaid bills and broken contracts.

Now that these lawsuits have been resolved, the company can continue developing its B4 chassis cab – an EV commercial truck.

The additional resources brought by Mullen’s acquisition should speed up this development process.

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Bollinger previously launched a legal battle against Munro Vehicles after it launched its off-roader in December 2023.

They accused Munro of trademark and patent infringement, claiming its MK-1 was too similar to designs for vehicles Bollinger planned to launch.

The lawsuit also claimed that product designer Ross Compton, who moved from Bollinger to Munro, had violated a nondisclosure agreement by referring to confidential Bollinger files, with Munro’s awareness, while designing Munro products.

These legal proceedings are still underway.