Mullen Automotive acquires bankrupt ELMS for $240 million

Mullen Automotive said Wednesday it has acquired Electric Last Mile Solutions, paving the way for the California-based startup to manufacture its first electric vehicle. The $240 million cash purchase allows Mullen the capability to build up to 50,000 EVs annually, accelerating the launch of the Mullen FIVE and Bollinger B1 and B2 retail vehicles. The […] Mullen Automotive acquires bankrupt ELMS for $240 million by Jaclyn Trop originally published on TechCrunch...