STOCK TITAN

BOLLINGER MOTORS ALL-ELECTRIC BOLLINGER B4 NOW ELIGIBLE FOR NEW YORK INCENTIVE

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Bollinger Motors announced eligibility for New York's Truck Voucher Incentive Program (NYTVIP), becoming the fourth Northeast state incentive qualification. The company's all-electric B4 Chassis Cab can now receive up to $100,000 in NY state credits. Combined with other Northeast state incentives and federal IRA credits of $40,000, customers can access between $70,000-$140,000 in total incentives.

The 2025 B4 features a 158-kilowatt-hour battery pack and is designed for commercial fleets. Recent company milestones include production launch, regulatory certifications, multiple fleet sales totaling 265 vehicles, dealer network expansion, and partnership announcements with ONE for batteries, Syncron for warranty administration, and Amerit Fleet Solutions for mobile service.

Bollinger Motors ha annunciato l'idoneità per il Programma Incentivi per Camion di New York (NYTVIP), diventando così la quarta qualifica per incentivi nello stato del Nord Est. Il Chassis Cab B4 totalmente elettrico dell'azienda può ora ricevere fino a 100.000 dollari in crediti statali di New York. Combinato con altri incentivi statali del Nord Est e crediti IRA federali di 40.000 dollari, i clienti possono accedere a incentivi totali tra 70.000 e 140.000 dollari.

Il B4 del 2025 presenta una batteria da 158 chilowattora ed è progettato per flotte commerciali. I recenti traguardi dell'azienda includono il lancio della produzione, le certificazioni normative, molteplici vendite a flotte per un totale di 265 veicoli, l'espansione della rete di concessionari e annunci di partenariati con ONE per le batterie, Syncron per la gestione della garanzia, e Amerit Fleet Solutions per il servizio mobile.

Bollinger Motors anunció su elegibilidad para el Programa de Incentivos para Camiones de Nueva York (NYTVIP), convirtiéndose en la cuarta calificación de incentivos en el noreste. La Chasis Cab B4 totalmente eléctrico de la empresa ahora puede recibir hasta 100.000 dólares en créditos del estado de Nueva York. Combinado con otros incentivos estatales del noreste y créditos federales IRA de 40.000 dólares, los clientes pueden acceder a un total de incentivos entre 70.000 y 140.000 dólares.

El B4 de 2025 cuenta con una batería de 158 kilovatios-hora y está diseñado para flotas comerciales. Los hitos recientes de la empresa incluyen el lanzamiento de la producción, certificaciones regulatorias, múltiples ventas a flotas totalizando 265 vehículos, expansión de la red de concesionarios y anuncios de asociaciones con ONE para baterías, Syncron para la administración de garantías, y Amerit Fleet Solutions para servicio móvil.

볼린저 모터스(Bollinger Motors)는 뉴욕의 트럭 바우처 인센티브 프로그램(NYTVIP)에 대한 자격을 발표하였으며, 이는 북동부 주 인센티브 자격 중 네 번째입니다. 회사의 전기 B4 섀시 캡은 이제 뉴욕주 세금 크레딧을 통해 최대 100,000달러를 받을 수 있습니다. 북동부 주의 다른 인센티브와 연방 IRA 크레딧 40,000달러와 결합하면 고객은 총 인센티브 70,000~140,000달러를 이용할 수 있습니다.

2025 B4는 158킬로와트시 배터리 팩을 특징으로 하며 상업용 플릿을 위해 설계되었습니다. 최근 회사의 이정표에는 생산 출시, 규제 인증, 265대의 차량 판매를 포함한 여러 플릿 판매, 대리점 네트워크 확장, ONE과의 배터리 파트너십, Syncron의 보증 관리, Amerit Fleet Solutions의 모바일 서비스 파트너십 발표 등이 포함됩니다.

Bollinger Motors a annoncé son éligibilité au Programme d'Incentives pour Camions de New York (NYTVIP), devenant ainsi la quatrième qualification d'incitations pour l'État du Nord-Est. Le Châssis Cab B4 entièrement électrique de l'entreprise peut désormais recevoir jusqu'à 100 000 dollars en crédits de l'État de New York. Combiné avec d'autres incitations d'États du Nord-Est et des crédits IRA fédéraux de 40 000 dollars, les clients peuvent accéder à des incitations totales allant de 70 000 à 140 000 dollars.

Le B4 de 2025 est équipé d'une batterie de 158 kilowattheures et est conçu pour des flottes commerciales. Les jalons récents de l'entreprise comprennent le lancement de la production, les certifications réglementaires, plusieurs ventes de flottes totalisant 265 véhicules, l'expansion du réseau de concessionnaires et des annonces de partenariats avec ONE pour les batteries, Syncron pour la gestion des garanties et Amerit Fleet Solutions pour le service mobile.

Bollinger Motors hat die Berechtigung für das Truck Voucher Incentive Program (NYTVIP) in New York bekannt gegeben und ist damit die vierte Qualifikation für Anreize im Nordosten. Der voll elektrische B4 Chassis Cab des Unternehmens kann nun bis zu 100.000 Dollar an Staatskrediten in New York erhalten. In Kombination mit anderen Anreizen im Nordosten und bundesstaatlichen IRA-Krediten von 40.000 Dollar können die Kunden auf insgesamt zwischen 70.000 und 140.000 Dollar an Anreizen zugreifen.

Der B4 von 2025 verfügt über ein Batteriemodul mit 158 Kilowattstunden und ist für kommerzielle Flotten konzipiert. Zu den jüngsten Meilensteinen des Unternehmens gehören der Produktionsstart, regulatorische Zertifizierungen, mehrere Flottenverkäufe mit insgesamt 265 Fahrzeugen, die Erweiterung des Händlernetzwerks und Partnerschaftsansagen mit ONE für Batterien, Syncron für die Garantieverwaltung und Amerit Fleet Solutions für mobilen Service.

Positive
  • Qualified for substantial government incentives up to $140,000 per vehicle
  • Secured multiple fleet sales totaling 265 vehicles
  • Successfully launched production and obtained key regulatory certifications
  • Expanded dealer and service network across multiple locations
  • Established strategic partnerships for batteries, warranty, and mobile service
Negative
  • None.

Insights

The expansion of state incentives for Bollinger Motors' B4 electric truck represents a significant market opportunity. With combined state and federal incentives reaching up to $140,000 per vehicle, this substantially reduces the total cost of ownership for commercial fleet operators. Recent sales totaling 265 vehicles to various fleet management companies demonstrate growing market acceptance.

The B4's eligibility for NYTVIP and other Northeast state programs positions Bollinger strategically in a region actively promoting EV adoption. The company's progress in regulatory compliance, dealer network expansion and establishment of key partnerships (ONE for batteries, Syncron for warranty, Amerit for service) indicates strong operational execution.

However, with Mullen's small market cap and Bollinger being a recent acquisition, investors should monitor cash burn and production ramp-up costs carefully. The commercial EV space is becoming increasingly competitive, requiring significant capital for scaling.

NYTVIP, other Northeast state incentives can provide up to an additional $100,000 credit to Bollinger Motors customers

OAK PARK, Mich., Nov. 7, 2024 /PRNewswire/ -- Bollinger Motors today announced it is now eligible for New York state's New York Truck Voucher Incentive Program (NYTVIP), an incentive for commercial electric vehicles from the New York State Energy and Research Development Authority (NYSERDA).

New York is the fourth state incentive in the Northeast which Bollinger Motors has qualified for, including:

  • Massachusetts: voucher up to a $30,000 from Massachusetts Offers Rebates for Electric Vehicles (MOR-EV)
  • New Jersey: voucher up to $90,000 from New Jersey Zero Emission Incentive Program (NJ ZIP) through the New Jersey Education Development Authority (NJEDA)
  • New York: up to $100,000 from NYTVIP through NYSERDA; and
  • Pennsylvania: up to a $20,000 grant from Alternative Fuels Incentive Grant Program (AFIG) the Pennsylvania Department of Environmental Protection.

The 2025 Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 158-kilowatt-hour battery pack and components to offer unparalleled capability and safety in the commercial market.

"We applaud the states in the Northeast who are working hard to create more sustainable transportation options," said Jim Connelly, chief revenue officer for Bollinger Motors. "The commercial fleet market is primed for electrification, and the incentives available in the Northeast will accelerate the adoption of this important technology."

In addition to state incentives, the Bollinger B4 Chassis Cab has qualified for federal clean vehicle tax credits under the Inflation Reduction Act ("IRA") of $40,000 per vehicle. The state incentives coupled with the IRA can offer Bollinger Motors Northeast customers between $70,000 and $140,000 in incentives.

"The financial incentives combined with the versatility of the class-4 B4 to perform a variety of duty cycles creates incredible value for our customers," Connelly said. "The B4 is a world-class, highly engineered vehicle that is capable and durable. It is well suited for urban driving. It will be an important part of many commercial fleets moving forward."

Bollinger Motors has passed numerous milestones in the past several months, including:

  • Its production launch on Sept. 16;
  • Regulatory achievements including FMVSS compliance, receiving the Certificate of Conformity from the Environmental Protection Agency, and CARB certification;
  • A 145-vehicle sale to Momentum Group;
  • A 70-vehicle sale to Doering Fleet Management;
  • A 50-vehicle sale to EnviroCharge;
  • The addition of Anderson Motors, TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers;
  • Working with Our Next Energy in Novi, Michigan, to supply battery packs;
  • Providing a full warranty coverage of the B4 chassis cab; and,
  • Announcing Syncron as its warranty administration partner and Amerit Fleet Solutions as its mobile service provider.

ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger Motors is developing all-electric commercial chassis cab trucks, Classes 4-6. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at www.BollingerMotors.com and www.MullenUSA.com.

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 Anderson Motors, Affinity Truck Center, Nacarato Truck Centers, TEC Equipment, 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; (e) Bollinger Motors' continued relationship with Amerit Fleet Solutions as its mobile service provider; (f) the ability of Bollinger Motors and its dealer partners to sell the Bollinger B4 to customers at suggested retail value; and (g) the actual incentive values Bollinger Motors' customers can successfully qualify for and earn.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bollinger-motors-all-electric-bollinger-b4-now-eligible-for-new-york-incentive-302298827.html

SOURCE Bollinger Motors

FAQ

What incentives are available for the Bollinger B4 electric truck in New York?

The Bollinger B4 is eligible for up to $100,000 in incentives through New York's Truck Voucher Incentive Program (NYTVIP), plus federal IRA credits of $40,000 per vehicle.

How many fleet vehicle orders has Bollinger Motors secured recently?

Bollinger Motors has secured orders for 265 vehicles total: 145 from Momentum Group, 70 from Doering Fleet Management, and 50 from EnviroCharge.

What is the battery capacity of the 2025 Bollinger B4 Chassis Cab?

The 2025 Bollinger B4 Chassis Cab features a 158-kilowatt-hour battery pack.

Which states offer incentives for Bollinger electric vehicles?

Bollinger vehicles qualify for incentives in four Northeast states: New York (up to $100,000), New Jersey (up to $90,000), Massachusetts (up to $30,000), and Pennsylvania (up to $20,000).

Mullen Automotive, Inc.

NASDAQ:MULN

MULN Rankings

MULN Latest News

MULN Stock Data

16.44M
8.78M
2.23%
2.56%
18.48%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
Link
United States of America
BREA