Automotive

Some Deals To Be Aware Of

TL; DR— Two EV start-ups have a goal on EV SUVs and the means to make some moves, and Mercedes just started a partnership with a direct-to-consumer EV company.
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Some Deals To Be Aware Of

EV start-up Mullen Automotive has acquired a 60% majority stake in Bollinger, another EV start-up. With a modest amount of nearly $150M, Bollinger will work toward capturing the EV SUV and commercial vehicle markets. 

Bollinger will also reintroduce its two pick-ups, the B1 and B2, now that the deal is done. 

Mercedes and Rivian will build electric vans in Europe. Beyond the joint effort, it could be a ticket for both companies to expand through continued collaboration.

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