Mullen Automotive Inc (MULN)

[Magnum7419]

MULN Stock Alert: Bollinger Motors Preps for Key Hires

"Shares of electric vehicle (EV) upstart Mullen Automotive (NASDAQ:MULN) dropped in the late afternoon session on Friday. Earlier today, social media was buzzing about job openings at Bollinger Motors, an EV specialist in which Mullen acquired a controlling interest last September. The decline of MULN stock may reflect the risks associated with Bollinger’s heightened ambitions.

On Bollinger Motors’ website, interested applicants can compete for range of new positions. The earliest posting in the bunch (for Vehicle Controls Manager) was dated Dec. 12, 2022 while the newest (for Manufacturing Director) hit the internet today. Of the 19 positions available, Bollinger posted 10 this week.

Adding intrigue for MULN stock, the positions cover a wide breadth of functionalities, indicating a significant investment in forward ambitions. Mullen notably acquired Bollinger — its first EV acquisition — to propel the company “into the medium-duty truck classes 3-6, along with the B1 and B2 sport utility trucks.”

In summary, the listed positions can be broken down into three main categories: engineering, technical and management. For the first segment, openings for Electrical Engineer Director and HV/LV Systems Engineer reflect a desire for innovation leadership. Next, for the technical component, Bollinger is seeking experts like quality and fabricator technicians.

Finally, the company is searching for a Purchasing Manager and Service Manager, indicating confidence in a long-term viable enterprise. For good measure, Bollinger also wants to fill the Investment Director role, which has a primary goal of driving the “capital raise process for upcoming fundraising rounds.”
https://investorplace.com/2023/01/muln-stock-alert-bollinger-motors-preps-for-key-hires/