Bollinger Motors Faces Receivership Amidst $20 Million Debt Crisis

A federal court has placed Bollinger Motors' assets into receivership as the company faces over $20 million in debt and operational challenges

Agencias

May 21, 2025
Updated: May 21, 2025 at 3:16 PM

Bollinger Motors Faces Receivership Amidst $20 Million Debt Crisis

A federal court judge in Michigan has placed the assets of Bollinger Motors into receivership amid escalating financial troubles.

The move follows claims that the electric truck manufacturer owes its founder, Robert Bollinger, over $10 million.

This dire situation is compounded by an alarming total debt of more than $20 million owed to various suppliers and contractors, threatening the company’s operational viability and access to essential production facilities.

Once upon a time, Bollinger Motors was going to be the hardcore, back-to-basics EV brand that showed the world how electric trucks should be done. Boxy, brutalist, and unmistakably inspired by the old Land Rover Defender, the B1 SUV and B2…

Read more: https://t.co/r58yrX8ntz pic.twitter.com/V4zaGixqiO
— The Autodrive (@Theautodrivebd) May 15, 2025

Electric Truck Maker Owes Founder Over $10 Million Amid Debt Troubles

Once considered a noteworthy contender in the electric vehicle (EV) marketplace, Bollinger Motors has struggled to bring its highly anticipated trucks to market.

The company initially gained attention during the early EV revolution but subsequently faced significant delays. In a last-ditch effort to save the brand, Robert Bollinger sold it to Mullen Automotive, a pivot that has yet to yield the desired results for either party.

According to Robert Bollinger, Mullen Automotive now owes him over $10 million stemming from a loan issued in 2024, yet Mullen has not responded to these claims in court. Additionally, at least two suppliers have joined the fray, suing Mullen for unpaid debts—a significant complication in an already precarious financial landscape.

The all-electric, all-wheel-drive Bollinger B2 Pickup Truck.
Same DNA as the B1, both trucks sport dual motors, all-wheel drive, hydropneumatic suspension, in-wheel portal gear hubs, 120 kWh battery pack… Reserve here: https://t.co/LGVjI7OqJM pic.twitter.com/nZlV45s5iy
— Bollinger Motors (@bollingermotors) October 10, 2018

In court proceedings, CEO Bryan Chambers revealed that he has been locked out of Bollinger’s production facilities since May, with potential eviction looming. The situation has been characterized as a financial crisis, as Bollinger relies heavily on its supplier relationships to sustain its operations.

The court filings indicate a bleak outlook for the company, as critical production resources have been curtailed due to unpaid debts.

Despite its initial promise, Bollinger Motors now finds itself teetering on the edge of collapse. The unfolding drama serves as a stark reminder of the unpredictability of the burgeoning EV market, and whether Bollinger can navigate through these tumultuous waters remains to be seen.