BOLLINGER MOTORS ACHIEVES CARB CERTIFICATION, A CRITICAL STEP IN BECOMING SALES-READY
Bollinger Motors has achieved California Air Resources Board (CARB) certification for its all-electric Bollinger B4 Class 4 trucks, a important step towards becoming sales-ready. This certification allows sales in 15 CARB-compliant states and opens up access to significant incentives. When combined with the $40,000 IRS rebate, customers can potentially save up to $100,000 through programs like California's HVIP project.
Production of the B4 is set to begin on September 16, 2024, with customer deliveries starting in October. This milestone follows several recent achievements, including EPA certification, full warranty coverage, and major vehicle sales to companies like Momentum Group and Doering Fleet Management.
Bollinger Motors ha ottenuto la certificazione della California Air Resources Board (CARB) per i suoi camion elettrici Bollinger B4 di Classe 4, un passo importante verso la prontezza alla vendita. Questa certificazione consente le vendite in 15 stati conformi al CARB e apre l'accesso a incentivi significativi. Combinato con il rimborso IRS di $40,000, i clienti possono potenzialmente risparmiare fino a $100,000 tramite programmi come il progetto HVIP della California.
La produzione del B4 inizierà il 16 settembre 2024, con le consegne ai clienti che inizieranno in ottobre. Questo traguardo segue numerosi successi recenti, inclusa la certificazione EPA, la copertura completa della garanzia e importanti vendite di veicoli a aziende come Momentum Group e Doering Fleet Management.
Bollinger Motors ha logrado la certificación de la Junta de Recursos del Aire de California (CARB) para sus camiones eléctricos Bollinger B4 de Clase 4, un paso importante hacia estar listos para la venta. Esta certificación permite ventas en 15 estados conformes a CARB y abre el acceso a incentivos significativos. Combinado con el reembolso del IRS de $40,000, los clientes pueden potencialmente ahorrar hasta $100,000 a través de programas como el proyecto HVIP de California.
La producción del B4 comenzará el 16 de septiembre de 2024, con las entregas a clientes comenzando en octubre. Este hito sigue a varios logros recientes, incluida la certificación de la EPA, la cobertura total de la garantía y importantes ventas de vehículos a empresas como Momentum Group y Doering Fleet Management.
볼린저 모터스는 전기 볼린저 B4 클래스 4 트럭에 대해 캘리포니아 공기 자원 위원회(CARB) 인증을 획득했습니다. 이는 판매 준비가 되는 중요한 단계입니다. 이 인증은 CARB 규정을 준수하는 15개 주에서의 판매를 허용하며 상당한 인센티브에 접근할 수 있게 해줍니다. $40,000의 IRS 환급과 결합하면 고객은 캘리포니아의 HVIP 프로젝트와 같은 프로그램을 통해 최대 $100,000를 절약할 수 있습니다.
B4의 생산은 2024년 9월 16일에 시작되며, 고객 배송은 10월에 시작될 예정입니다. 이 이정표는 EPA 인증, 전체 보증 범위 및 Momentum Group, Doering Fleet Management와 같은 회사로의 주요 차량 판매 등 최근 몇 가지 성과를 따릅니다.
Bollinger Motors a obtenu la certification de la California Air Resources Board (CARB) pour ses camions entièrement électriques Bollinger B4 de Classe 4, une étape importante vers la préparation à la vente. Cette certification permet des ventes dans 15 états conformes au CARB et ouvre l'accès à des incitations significatives. Combiné avec le remboursement de 40 000 $ de l'IRS, les clients peuvent potentiellement économiser jusqu'à 100 000 $ grâce à des programmes comme le projet HVIP de Californie.
La production du B4 doit commencer le 16 septembre 2024, avec les livraisons aux clients prévues pour octobre. Ce jalon fait suite à plusieurs réalisations récentes, y compris la certification EPA, la couverture totale de garantie et des ventes de véhicules majeures à des entreprises telles que Momentum Group et Doering Fleet Management.
Bollinger Motors hat die Zertifizierung des California Air Resources Board (CARB) für seine vollelektrischen Bollinger B4 Trucks der Klasse 4 erreicht, ein wichtiger Schritt in Richtung Verkaufsbereitschaft. Diese Zertifizierung ermöglicht Verkäufe in 15 CARB-konformen Bundesstaaten und öffnet den Zugang zu erheblichen Anreizen. In Kombination mit der IRS-Rückerstattung von 40.000 USD können Kunden potenziell bis zu 100.000 USD durch Programme wie das HVIP-Projekt in Kalifornien sparen.
Die Produktion des B4 soll am 16. September 2024 beginnen, die Auslieferungen an Kunden beginnen im Oktober. Dieser Meilenstein folgt mehreren jüngsten Erfolgen, darunter die EPA-Zertifizierung, die vollständige Garantieabdeckung und wesentliche Fahrzeugverkäufe an Unternehmen wie Momentum Group und Doering Fleet Management.
- Achieved CARB certification, enabling sales in 15 states
- Potential customer savings of up to $100,000 through combined incentives
- Production of B4 trucks to begin September 16, 2024
- Customer deliveries scheduled to start in October 2024
- Secured sales of 145 vehicles to Momentum Group
- Obtained 70-vehicle order from Doering Fleet Management
- Received 50-vehicle order from EnviroCharge
- Expanded dealer and service center network
- Partnered with Our Next Energy for battery pack supply
- Teamed up with Syncron for warranty administration
- Added Amerit Fleet Solutions as mobile service provider
- None.
Insights
The CARB certification for Bollinger Motors' B4 EV truck is a significant milestone in the company's journey. This approval opens doors to 15 CARB-compliant states, substantially expanding the potential market. The combined incentives of up to
With production set to begin on September 16, 2024 and deliveries in October, Bollinger is poised to capitalize on the growing demand for electric commercial vehicles. The recent sales agreements and partnerships indicate strong market interest. However, investors should closely monitor production ramp-up and initial customer feedback to gauge long-term success prospects.
Bollinger's CARB certification is a crucial step in advancing clean transportation. This approval not only ensures compliance with stringent emissions standards but also aligns with the broader push towards vehicle electrification in commercial fleets. The significant financial incentives available (
This development supports state-level climate goals and could influence future policy decisions. As more companies achieve CARB certification, we may see an acceleration in the transition to zero-emission vehicles in the commercial sector, potentially leading to more aggressive environmental regulations and incentives in the future.
Bollinger's achievement of CARB certification, coupled with its recent partnerships and sales agreements, signals a robust supply chain strategy. The collaboration with Our Next Energy for battery packs, Syncron for warranty administration and Amerit Fleet Solutions for mobile service demonstrates a comprehensive approach to product support and service infrastructure.
The addition of multiple dealers and service centers across different regions indicates a strategic expansion of distribution channels. This could lead to improved market penetration and customer service. However, investors should monitor Bollinger's ability to scale production and maintain quality as demand increases, particularly given the relatively near-term production start date of September 16, 2024.
Certification opens the Bollinger B4 EV truck to federal and state incentive programs totaling
The CARB certification is a requirement to sell vehicles in the CARB-compliant states of
CARB certification provides a path for Bollinger Motors' customers to qualify for additional state incentives, such as
Bollinger Motors will begin production of the B4 on September 16, 2024, with customer deliveries to begin in October.
"The CARB certification represents an important milestone in our mission to bring a world-class electric vehicle to market," said Bollinger Motors President and Chief Operating Officer Bryan Chambers. "Environmental requirements are critical to meeting customer expectations and providing sale-ready vehicles. With this important accomplishment, the B4 is one step closer to electrifying vehicle fleets from coast-to-coast."
The CARB certification is among a long list of Bollinger Motors' milestones in recent months including: receiving the Certificate of Conformity from the Environmental Protection Agency; providing full warranty coverage of the B4 chassis cab; a 145-vehicle sale to Momentum Group; a 70-vehicle sale to Doering Fleet Management; a 50-vehicle sale to EnviroCharge; the addition of TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; adding Our Next Energy in Novi, Mich. to supply battery packs; teaming up with Syncron as its warranty administration partner; and adding Amerit Fleet Solutions as its mobile service provider.
To learn more about Bollinger Motors, visit www.BollingerMotors.com.
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a
FORWARD-LOOKING STATEMENT
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include: (a) Bollinger Motors' ability to finalize a sales agreement with Doering Fleet Management, EnviroCharge, and Momentum Groups and deliver purchased vehicles on schedule; (b) Bollinger Motors' continued partnership with TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; (c) Bollinger Motors' continued partnership with Our Next Energy as a battery supplier; (d) Bollinger Motors' continued partnership with Roush Industries as a contract manufacturer; (e) Bollinger Motors' continued relationship with Syncron as its warranty administration provider; (f) Bollinger Motors' continued relationship with Amerit Fleet Solutions as its mobile service provider; and (g) Bollinger Motors' B4 Class trucks' ability to qualify for current or future state and federal incentive programs.
Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Motors' ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Motors' ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Motors' ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Motors' ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Motors' business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Motors' business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Motors' business; (x) Bollinger Motors' ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially owned subsidiary, with the Securities and Exchange Commission. Bollinger Motors anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Bollinger Motors assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Motors' plans and expectations as of any subsequent date.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bollinger-motors-achieves-carb-certification-a-critical-step-in-becoming-sales-ready-302241635.html
SOURCE Bollinger Motors
FAQ
When will Bollinger Motors begin production of the B4 electric truck?
What is the significance of CARB certification for Bollinger Motors' B4 truck?
How many B4 trucks has Bollinger Motors sold to Momentum Group?
When will customer deliveries of the Bollinger B4 truck begin?
Who is supplying battery packs for Bollinger Motors' B4 trucks?
