Electric vehicle startup Bollinger announced plans to double its staff on Tuesday and has opened a new headquarters substantially larger than its original building. While its previous move took the company from New York to Michigan, its latest relocation keeps it within metropolitan Detroit — specifically Oak Park, which is roughly four miles away from the old Ferndale facility.
The change is supposed to help ready the business for its upcoming B1 utility and B2 pickup, which will need additional investments to get off the ground, as well as help secure deal with a contract manufacturer. EV companies seem to have no trouble attracting investors, despite most of them looking like carbon copies of each other. All you need is an electric platform that can be shared across numerous nameplates with the least imaginative alphanumeric names imaginable and Wall Street seems happy enough. (Read More…)















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