Another electric vehicle maker appears to be on the brink of collapse, the latest in a growing trend of EV startups failing to break through in a crowded marketplace.

This time it's Bollinger Motors, a commercial EV company founded nearly 10 years ago. According to The Detroit News, the company, which was acquired by Mullen Automotive in 2022, has been struggling to pay employees, contribute to 401(k) accounts and cover debts. Those debts include a $10 million loan from founder Robert Bollinger, who earlier this year filed a lawsuit against the company, claiming it was broke and that production had stopped.