Bollinger Motors Auctioning 20 Electric Trucks After Liquidation Order
Bollinger Motors, a failed electric vehicle start-up, is auctioning off its assets after a court-ordered liquidation. The auction, overseen by Michigan-based Maynard Industries, will take place on Wednesday, May 13, featuring 427 lots including 17 examples of the B4 cab-forward Class B truck and three test vehicles. Bidding starts at $1 per item, with a 20% buyer's premium and 6% Michigan sales tax. The company closed in November 2022 after pivoting from consumer to commercial vehicles under Mullen Automotive's control. Intellectual property and prototypes of the B1 and B2 were purchased by founder Mark Bollinger for $250,000 in March. The liquidation follows supplier complaints and investigations by the Department of Labor and Economic Opportunity over unpaid wages. Michigan seeks to recover $1 million of a $3 million grant after Bollinger failed to deliver promised investments.
Key facts
- Bollinger Motors is auctioning off all assets after a court-ordered liquidation.
- The auction is on Wednesday, May 13, overseen by Maynard Industries.
- 427 lots will be available, including 20 electric trucks (17 B4 cab-forward trucks and 3 test vehicles).
- Bidding starts at $1, with a 20% buyer's premium and 6% sales tax in Michigan.
- The company closed in November 2022 after failing to produce consumer models.
- Mullen Automotive bought a controlling stake in 2022, leading to a pivot to commercial vehicles.
- Founder Mark Bollinger bought the B1 and B2 intellectual property and prototypes for $250,000 in March.
- Michigan is investigating unpaid wages and seeking to recover $1 million of a $3 million grant.
Entities
Institutions
- Bollinger Motors
- Mullen Automotive
- Maynard Industries
- Department of Labor and Economic Opportunity
- Crain's Detroit
- Inside EVs
- Robb Report
Locations
- Michigan
- Detroit