BOLLINGER MOTORS AGREES TO PARTNERSHIP WITH TEXAS CONSULTING & DEVELOPMENT
Bollinger Motors, a commercial EV manufacturer, has partnered with Texas Consulting & Development (TCD) to supply Bollinger B4 Class 4 trucks for TCD's new bundled service offering. This partnership aims to enhance TCD's Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology offerings, while expanding Bollinger's market reach in the Commercial & Industrial, Telecom, and Utility sectors.
The collaboration aligns with both companies' goals of leveraging electrification to create operational efficiencies and reduce carbon footprints. Notably, Bollinger Motors has recently achieved several milestones, including starting production of the B4, receiving EPA certification, and securing multiple vehicle sales. The Bollinger B4 chassis cab also qualifies for a $40,000 federal tax credit under the Inflation Reduction Act.
Bollinger Motors, un produttore di veicoli elettrici commerciali, ha collaborato con Texas Consulting & Development (TCD) per fornire camion Bollinger B4 di Classe 4 per la nuova offerta di servizi integrati di TCD. Questa partnership mira a migliorare le offerte tecnologiche di TCD relative al Vehicle-to-Grid (V2G) e al Vehicle-to-Building (V2B), espandendo allo stesso tempo la portata di mercato di Bollinger nei settori Commerciale e Industriale, Telecomunicazioni e Utility.
La collaborazione si allinea con gli obiettivi di entrambe le aziende di sfruttare l'elettrificazione per creare efficienze operative e ridurre le impronte di carbonio. È degno di nota che Bollinger Motors ha recentemente raggiunto diversi traguardi, tra cui l'inizio della produzione del B4, l'ottenimento della certificazione EPA e la conclusione di numerose vendite di veicoli. Il cabina di chassis Bollinger B4 è inoltre idoneo per un credito d'imposta federale di $40.000 ai sensi dell'Inflation Reduction Act.
Bollinger Motors, un fabricante de vehículos eléctricos comerciales, se ha asociado con Texas Consulting & Development (TCD) para suministrar camiones Bollinger B4 de Clase 4 para la nueva oferta de servicios empaquetados de TCD. Esta asociación tiene como objetivo mejorar las ofertas tecnológicas de TCD en el área de Vehicle-to-Grid (V2G) y Vehicle-to-Building (V2B), al mismo tiempo que expande el alcance de mercado de Bollinger en los sectores Comercial e Industrial, Telecomunicaciones y Servicios Públicos.
La colaboración se alinea con los objetivos de ambas empresas de aprovechar la electrificación para crear eficiencias operativas y reducir las huellas de carbono. Es notable que Bollinger Motors ha alcanzado recientemente varios hitos, incluidos el inicio de la producción del B4, la obtención de la certificación de la EPA y la aseguración de múltiples ventas de vehículos. La cabina de chasis Bollinger B4 también califica para un crédito fiscal federal de $40,000 bajo la Ley de Reducción de la Inflación.
상업용 전기차 제조업체인 Bollinger Motors는 Texas Consulting & Development (TCD)와 협력하여 TCD의 새로운 패키지 서비스 제공을 위해 Bollinger B4 클래스 4 트럭을 공급합니다. 이번 파트너십은 TCD의 차량 대 전력망(V2G) 및 차량 대 건물(V2B) 기술 제공을 향상시키는 동시에 Bollinger의 상업 및 산업, 통신, 유틸리티 분야에서의 시장 확대를 목표로 합니다.
이번 협력은 두 회사가 전기화를 활용하여 운영 효율성을 높이고 탄소 발자국을 줄이려는 목표와 일치합니다. 특히, Bollinger Motors는 최근 B4의 생산 시작, EPA 인증 획득, 여러 대의 차량 판매를 포함한 여러 이정표를 달성했습니다. Bollinger B4 섀시 캡은 또한 인플레이션 감축 법안에 따라 $40,000의 연방 세금 크레딧을 받을 자격이 있습니다.
Bollinger Motors, un fabricant de véhicules électriques commerciaux, s'est associé à Texas Consulting & Development (TCD) pour fournir des camions Bollinger B4 Classe 4 dans le cadre de la nouvelle offre de services groupés de TCD. Ce partenariat vise à améliorer les offres technologiques de TCD en matière de Vehicle-to-Grid (V2G) et de Vehicle-to-Building (V2B), tout en élargissant la portée de Bollinger sur les marchés Commercial & Industriel, Télécommunications et Services Publics.
La collaboration s'inscrit dans les objectifs des deux entreprises d'exploiter l'électrification pour créer des effic acités opérationnelles et réduire les empreintes carbone. Il est à noter que Bollinger Motors a récemment atteint plusieurs jalons, notamment le début de la production du B4, l'obtention de la certification EPA et la conclusion de plusieurs ventes de véhicules. Le châssis-cabine Bollinger B4 est également éligible à un crédit d'impôt fédéral de 40 000 $ dans le cadre de la loi sur la réduction de l'inflation.
Bollinger Motors, ein Hersteller von kommerziellen Elektrofahrzeugen, hat sich mit Texas Consulting & Development (TCD) zusammengetan, um Bollinger B4 Klasse 4 Trucks für das neue gebündelte Serviceangebot von TCD zu liefern. Diese Partnerschaft zielt darauf ab, TCDs Angebote im Bereich Vehicle-to-Grid (V2G) und Vehicle-to-Building (V2B) zu verbessern und gleichzeitig die Marktreichweite von Bollinger in den Sektoren Gewerbe & Industrie, Telekommunikation und Versorgungsunternehmen zu erweitern.
Die Zusammenarbeit steht im Einklang mit den Zielen beider Unternehmen, die Elektrifizierung zu nutzen, um betriebliche Effizienzen zu schaffen und den CO2-Fußabdruck zu reduzieren. Bollinger Motors hat kürzlich mehrere Meilensteine erreicht, darunter den Produktionsstart des B4, die Zertifizierung durch die EPA und den Abschluss mehrerer Fahrzeugverkäufe. Das Bollinger B4 Chassis-Cab qualifiziert sich außerdem für eine Bundessteuergutschrift von $40.000 im Rahmen des Inflation Reduction Act.
- Partnership with TCD expands market reach in Commercial & Industrial, Telecom, and Utility sectors
- Start of production on the Bollinger B4 truck
- Multiple vehicle sales secured (145 to Momentum Group, 70 to Doering Fleet Management, 50 to EnviroCharge)
- Expansion of dealer and service center network
- Qualification for $40,000 federal tax credit per B4 chassis cab under the Inflation Reduction Act
- None.
Insights
This partnership between Bollinger Motors and Texas Consulting & Development (TCD) represents a strategic move in the commercial EV sector. By integrating the Bollinger B4 into TCD's service offerings, Bollinger gains access to new market segments, particularly in ports and related industries. This could potentially accelerate Bollinger's market penetration and diversify its customer base.
The collaboration aligns with the growing trend of bundled clean energy solutions, combining EV fleets with V2G and V2B technologies. This holistic approach could appeal to companies looking to reduce their carbon footprint while optimizing operational efficiencies. The partnership's focus on C&I, Telecom and Utility sectors suggests a targeted strategy to capture high-value, high-volume customers.
Investors should note that this agreement follows a series of positive developments for Bollinger, including production milestones and significant vehicle sales. The
While specific financial terms aren't disclosed, this partnership could significantly impact Bollinger's revenue streams. The agreement with TCD opens up multiple revenue channels through direct sales and potential ongoing service contracts. The inclusion of Bollinger B4 in TCD's bundled offerings may lead to increased order volumes and more predictable revenue.
The recent string of sales (145 to Momentum Group, 70 to Doering Fleet Management, 50 to EnviroCharge) indicates growing market traction. If this partnership accelerates this trend, it could lead to economies of scale in production, potentially improving margins. The
Investors should monitor how this partnership translates into concrete orders and revenue growth. The expansion of Bollinger's dealer and service network suggests preparation for increased demand, which could be a positive indicator for future financial performance.
The integration of Bollinger's B4 trucks with TCD's V2G and V2B technologies represents a significant advancement in EV fleet management. This combination allows for bidirectional power flow, enabling EVs to not only consume but also supply electricity back to the grid or buildings. Such capability can create new revenue streams for fleet operators through grid services and energy arbitrage.
The partnership's focus on "edge energy production" is particularly noteworthy. This concept involves using distributed energy resources, like EV fleets, to support grid stability and resilience. As the power grid faces increasing challenges from renewable integration and extreme weather events, such solutions become crucial.
For investors, this partnership positions Bollinger at the forefront of the EV-grid integration trend. The potential for Bollinger's vehicles to become part of a larger energy ecosystem could significantly enhance their value proposition, potentially leading to increased adoption rates and market share in the commercial EV sector.
Partnership Establishes All-Electric Bollinger B4 Truck as Part of New TCD Client Solution
In addition, TCD will leverage the Bollinger B4 electric truck to stimulate sales across the Commercial & Industrial (C&I), Telecom, and Utility sectors. This strategic move is expected to enhance market penetration and provide comprehensive solutions to a broader range of industries for Bollinger Motors.
"The partnership provides another opportunity for the Bollinger B4 to help companies from a wide variety of industries electrify their vehicle fleets as TCD helps their clients develop solutions for overall clean energy strategies," said Jim Connelly, chief revenue officer of Bollinger Motors. "TCD is a leader in helping companies reduce their overall carbon footprint, and we're glad that they have chosen to make the B4 an important element of those efforts."
Both companies share a commitment to leveraging electrification technology to create operational efficiencies while reducing carbon footprints across multiple industries.
"We're excited about adding Bollinger Motors' innovative B4 truck to our suite of solutions. This partnership uniquely positions Bollinger Motors' commercial trucks with our comprehensive fleet infrastructure charging options that simplify and optimize the integration of EV fleet vehicles," stated Steven Villarreal, managing partner of Texas Consulting & Development, LLC. "This collaboration makes sense in terms of addressing the future of EV and its aggregated potential for edge energy production – a much-needed solution for grid providers across the
The agreement with TCD follows a series of Bollinger Motors' milestones in recent months including the start of production on the Bollinger B4; providing full warranty coverage of the B4 chassis cab; receiving the Certificate of Conformity from the Environmental Protection Agency; 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 to Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; Our Next Energy in Novi, Mich. to supply battery packs; and Amerit Fleet Solutions as its mobile service provider.
In addition, Bollinger Motors recently qualified for federal clean vehicle tax credits under the Inflation Reduction Act of
To learn more about Bollinger Motors, visit www.BollingerMotors.com.
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a
ABOUT TCD
Texas Consulting & Development, LLC provides microgrid and virtual power plant solutions across
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 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 relationship with Syncron as its warranty administration provider; and (e) Bollinger Motors' continued relationship with Amerit Fleet Solutions as its mobile service provider.
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.
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SOURCE Bollinger Motors
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