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BOLLINGER MOTORS DELIVERS FIRST BOLLINGER B4 ALL-ELECTRIC TRUCKS TO THE WEST COAST

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Bollinger Motors has delivered its first West Coast 2025 Bollinger B4 Chassis Cabs to TEC Equipment dealerships in Washington and California, with a total retail value of nearly $500,000. The all-electric Class 4 commercial truck features a 158-kilowatt-hour battery pack and qualifies for federal clean vehicle tax credits of $40,000 per vehicle, with potential total savings exceeding $100,000 with state incentives. The company has achieved several milestones, including production launch, regulatory certifications, and significant vehicle sales to various fleet management companies.

Bollinger Motors ha consegnato i suoi primi 2025 Bollinger B4 Chassis Cabs della Costa Ovest ai concessionari TEC Equipment in Washington e California, con un valore totale al pubblico di quasi $500.000. Il camion commerciale completamente elettrico di Classe 4 è dotato di un pacco batteria da 158 kilowattora e può beneficiare di crediti d'imposta federali per veicoli puliti di $40.000 per veicolo, con risparmi totali potenziali superiori a $100.000 grazie agli incentivi statali. L'azienda ha raggiunto diversi traguardi, tra cui il lancio della produzione, certificazioni normative e vendite significative di veicoli a varie aziende di gestione flotte.

Bollinger Motors ha entregado sus primeros 2025 Bollinger B4 Chassis Cabs de la Costa Oeste a los concesionarios TEC Equipment en Washington y California, con un valor total al por menor de casi $500,000. El camión comercial completamente eléctrico de Clase 4 cuenta con una batería de 158 kilovatios-hora y califica para créditos fiscales federales por vehículos limpios de $40,000 por vehículo, con ahorros totales potenciales que superan los $100,000 con incentivos estatales. La empresa ha logrado varios hitos, incluidos el lanzamiento de la producción, certificaciones regulatorias y ventas significativas de vehículos a diversas compañías de gestión de flotas.

볼린저 모터스는 워싱턴과 캘리포니아의 TEC 장비 대리점에 첫 번째 웨스트 코스트 2025 볼린저 B4 섀시 캡을 전달했으며, 총 소매 가치는 거의 $500,000에 달합니다. 완전 전기 클래스 4 상용 트럭은 158킬로와트시 배터리 팩을 갖추고 있으며, 차량당 $40,000의 연방 청정 차량 세액 공제를 받을 자격이 있으며, 주 정부 인센티브를 고려할 경우 총 $100,000 이상의 잠재적 절감 효과가 있습니다. 이 회사는 생산 출범, 규제 인증, 다양한 차량 관리 회사에 대한 상당한 차량 판매 등 여러 이정표를 달성했습니다.

Bollinger Motors a livré ses premiers 2025 Bollinger B4 Chassis Cabs de la Côte Ouest aux concessionnaires TEC Equipment dans l'État de Washington et en Californie, avec une valeur totale de détail de près de 500 000 $. Le camion commercial entièrement électrique de classe 4 est équipé d'un pack batterie de 158 kilowattheures et est éligible à des crédits d'impôt fédéraux pour véhicules propres de 40 000 $ par véhicule, avec des économies totales potentielles dépassant 100 000 $ grâce aux incitations étatiques. L'entreprise a atteint plusieurs étapes, y compris le lancement de la production, les certificats réglementaires et des ventes significatives de véhicules à diverses entreprises de gestion de flotte.

Bollinger Motors hat seine ersten 2025 Bollinger B4 Chassis Cabs an TEC Equipment-Händler an der Westküste in Washington und Kalifornien ausgeliefert, mit einem Gesamtverkaufswert von fast 500.000 $. Der vollelektrische Nutzfahrzeug der Klasse 4 verfügt über einen 158-kWh-Akku und qualifiziert sich für bundesstaatliche Steuervergünstigungen für saubere Fahrzeuge in Höhe von 40.000 $ pro Fahrzeug, wobei die potenziellen Gesamtersparnisse durch staatliche Anreize über 100.000 $ betragen. Das Unternehmen hat mehrere Meilensteine erreicht, darunter den Produktionsstart, regulatorische Zertifizierungen und erhebliche Fahrzeugverkäufe an verschiedene Flottenmanagementunternehmen.

Positive
  • First West Coast deliveries completed with retail value of $500,000
  • Qualifies for $40,000 federal tax credit per vehicle
  • Secured multiple large fleet orders totaling 265 vehicles
  • Expanded dealer network with multiple service centers
  • Achieved key regulatory certifications (CARB, FMVSS, EPA)
Negative
  • None.

Insights

The delivery of three Bollinger B4 electric trucks, valued at nearly $500,000, marks a significant milestone for MULN's subsidiary. The strategic expansion to West Coast markets through TEC Equipment's established dealership network enhances market penetration in a key EV-friendly region. The B4's qualification for up to $100,000 in combined federal and state incentives significantly improves its value proposition for commercial fleet buyers.

Recent achievements including CARB certification, EPA compliance and substantial fleet orders totaling 265 vehicles (145 to Momentum Group, 70 to Doering Fleet, 50 to EnviroCharge) demonstrate growing market acceptance. The expansion of dealer networks and establishment of key partnerships for batteries, warranties and service infrastructure creates a robust commercial ecosystem essential for long-term success in the commercial EV sector.

Deliveries of Bollinger B4 continue, with electric trucks to TEC Equipment

OAK PARK, Mich., Oct. 30, 2024 /PRNewswire/ -- Bollinger Motors today announced it has made its first customer delivery on the West Coast, sending three 2025 Bollinger B4 Chassis Cabs to TEC Equipment's dealerships in Lacey, Washington; Fontana, California; and Oakland, California. The vehicles' total retail value equals nearly $500,000.

The 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.

"The West Coast represents a critical region of the country for electric vehicle success, and today's deliveries to TEC Equipment are significant steps forward for Bollinger Motors," said Jim Connelly, chief revenue officer for Bollinger Motors. "TEC Equipment is a well-respected dealer and an important partner for our West Coast success. We look forward to working with them to build the Bollinger Motors presence in several markets."

The 2025 Bollinger B4 Chassis Cab is qualified for federal clean vehicle tax credits under the Inflation Reduction Act of $40,000 per vehicle. Additional state incentives can push total savings to in excess of $100,000.

TEC Equipment is a family-owned, full-service truck and trailer dealership founded in 1976. The company is headquartered in Portland, Ore., and has more than 30 locations across eight states. As a full-service dealership, TEC offers truck and trailer sales, parts, service, leasing, rental, insurance, financing, towing and recovery equipment, auto transportation equipment and services, and ZEV consulting. 

"This is an exciting moment for TEC Equipment as we help bring the newest OEM in the trucking industry to market," said Chris Thompson, TEC Equipment's vice president of truck sales. "Bollinger Motors is making an all-electric truck that is well suited to help companies meet their commercial fleet needs and we are looking forward to bringing it to current and new customers up and down the West Coast."

Bollinger Motors has passed numerous milestones in the past several months including its production launch on Sept. 16; regulatory achievements including CARB certification, FMVSS compliance, and 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, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; securing 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 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; and (f) the ability of Bollinger Motors and its dealer partners to sell the Bollinger B4 to customers at suggested retail value.

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

FAQ

How many Bollinger B4 trucks were delivered to TEC Equipment?

Three 2025 Bollinger B4 Chassis Cabs were delivered to TEC Equipment dealerships in Lacey, Washington; Fontana, California; and Oakland, California.

What is the battery capacity of the 2025 Bollinger B4?

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

How much tax credit is available for the Bollinger B4 under the Inflation Reduction Act?

The Bollinger B4 qualifies for a federal clean vehicle tax credit of $40,000 per vehicle, with potential total savings exceeding $100,000 with state incentives.

What recent certifications has Bollinger Motors received?

Bollinger Motors has received CARB certification, FMVSS compliance, and the Certificate of Conformity from the Environmental Protection Agency.

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