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BOLLINGER MOTORS GROWS EAST COAST PRESENCE SIGNING BERGEY'S TRUCK CENTERS TO ITS SALES AND SERVICE NETWORK

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Bollinger Motors has expanded its commercial EV network by partnering with Bergey's Truck Centers, adding over 50 locations across Delaware, Maryland, New Jersey, and Pennsylvania. The company's B4 Chassis Cab, an all-electric class 4 commercial truck featuring a 158-kwh battery pack, began customer deliveries in October.

Recent achievements include production launch, regulatory certifications (FMVSS, EPA, CARB), and significant vehicle agreements: 145 vehicles with Momentum Group, 70 with Doering Fleet Management, and 50 with EnviroCharge. The company has also secured partnerships with multiple dealers, ONE for battery supplies, and established warranty administration with Syncron and mobile service through Amerit Fleet Solutions.

Bollinger Motors ha ampliato la sua rete commerciale di veicoli elettrici a batteria collaborando con Bergey's Truck Centers, aggiungendo oltre 50 sedi in Delaware, Maryland, New Jersey e Pennsylvania. Il camion commerciale B4 Chassis Cab, un veicolo elettrico di classe 4 dotato di una batteria da 158 kWh, ha iniziato le consegne ai clienti a ottobre.

Tra i recenti successi si includono il lancio della produzione, le certificazioni normative (FMVSS, EPA, CARB) e importanti accordi per veicoli: 145 veicoli con Momentum Group, 70 con Doering Fleet Management e 50 con EnviroCharge. L'azienda ha anche stretto partnership con diversi concessionari, ONE per le forniture di batterie, e ha avviato un'amministrazione della garanzia con Syncron e un servizio mobile tramite Amerit Fleet Solutions.

Bollinger Motors ha expandido su red comercial de vehículos eléctricos asociándose con Bergey's Truck Centers, añadiendo más de 50 ubicaciones en Delaware, Maryland, Nueva Jersey y Pennsylvania. El camión comercial B4 Chassis Cab, un camión eléctrico de clase 4 con una batería de 158 kWh, comenzó las entregas a los clientes en octubre.

Logros recientes incluyen el lanzamiento de la producción, certificaciones regulatorias (FMVSS, EPA, CARB), y acuerdos significativos de vehículos: 145 vehículos con Momentum Group, 70 con Doering Fleet Management, y 50 con EnviroCharge. La compañía también ha asegurado asociaciones con varios distribuidores, ONE para suministros de baterías, y ha establecido la administración de garantías con Syncron y servicio móvil a través de Amerit Fleet Solutions.

볼린저 모터스버지의 트럭 센터스와 협력하여 델라웨어, 메릴랜드, 뉴저지 및 펜실베이니아 전역에 50개 이상의 상업 전기차 네트워크를 확장했습니다. 이 회사의 B4 섀시 캡은 158kWh 배터리가 장착된 전기 클래스 4 상용 트럭으로, 10월에 고객 배송이 시작되었습니다.

최근 성과에는 생산 시작, 규제 인증(FMVSS, EPA, CARB) 및 주요 차량 계약이 포함됩니다: Momentum Group과 145대, Doering Fleet Management와 70대, EnviroCharge와 50대 계약을 체결했습니다. 회사는 여러 딜러와의 파트너십을 확보했으며, ONE은 배터리 공급을 담당하고, Syncron을 통한 보증 관리와 Amerit Fleet Solutions를 통한 이동 서비스도 확립했습니다.

Bollinger Motors a élargi son réseau commercial de véhicules électriques en s'associant à Bergey's Truck Centers, ajoutant plus de 50 emplacements dans le Delaware, le Maryland, le New Jersey et la Pennsylvanie. Le B4 Chassis Cab de l'entreprise, un camion commercial entièrement électrique de classe 4 équipé d'un pack de batterie de 158 kWh, a commencé les livraisons aux clients en octobre.

Parmi les réalisations récentes figurent le lancement de la production, les certifications réglementaires (FMVSS, EPA, CARB) et des accords significatifs concernant les véhicules : 145 véhicules avec Momentum Group, 70 avec Doering Fleet Management et 50 avec EnviroCharge. L'entreprise a également sécurisé des partenariats avec plusieurs concessionnaires, ONE pour les fournitures de batteries, et a établi une administration des garanties avec Syncron ainsi qu'un service mobile via Amerit Fleet Solutions.

Bollinger Motors hat sein kommerzielles Netzwerk für Elektrofahrzeuge durch eine Partnerschaft mit Bergey's Truck Centers erweitert und über 50 Standorte in Delaware, Maryland, New Jersey und Pennsylvania hinzugefügt. Der B4 Chassis Cab des Unternehmens, ein vollelektrischer Nutzfahrzeug der Klasse 4 mit einem 158-kWh-Batteriepack, hat im Oktober mit den Kundenauslieferungen begonnen.

Zu den jüngsten Erfolgen gehören der Produktionsstart, regulatorische Zertifizierungen (FMVSS, EPA, CARB) sowie bedeutende Fahrzeugverträge: 145 Fahrzeuge mit der Momentum Group, 70 mit Doering Fleet Management und 50 mit EnviroCharge. Das Unternehmen hat auch Partnerschaften mit mehreren Händlern gesichert, ONE für Batterieversorgung, und hat die Garantieverwaltung mit Syncron sowie den mobilen Service über Amerit Fleet Solutions etabliert.

Positive
  • Expansion to over 50 national dealer locations through strategic partnership
  • Successful production launch and commencement of customer deliveries
  • Secured multiple large vehicle orders totaling 265 units
  • Obtained key regulatory certifications (FMVSS, EPA, CARB)
  • Established comprehensive warranty and service network
Negative
  • None.

Insights

The expansion of Bollinger Motors' dealer network through Bergey's Truck Centers represents a significant strategic development for MULN's subsidiary. The addition of 16 new locations across four states brings their total network to over 50 locations, demonstrating strong commercial traction. Recent achievements including regulatory certifications, multiple fleet agreements totaling 265 vehicles and strategic partnerships with key suppliers strengthen their market position. However, given MULN's current market cap and the subsidiary's early stage of commercialization, immediate financial impact may be The dealer expansion and vehicle orders suggest positive momentum but need to be viewed in context of the broader EV commercial vehicle market competition and MULN's overall financial situation.

This dealer network expansion indicates positive operational progress for Bollinger Motors but requires careful financial context. While securing orders for 265 vehicles and expanding the dealer network are encouraging signs, the revenue impact and profitability metrics remain unclear. The investment in infrastructure and partnerships (ONE batteries, Syncron warranty, Amerit Fleet Solutions) suggests significant operational costs. For MULN shareholders, the key consideration is whether Bollinger can achieve sufficient scale and margins to meaningfully contribute to the parent company's financial health. The commercial EV market opportunity is substantial, but execution and capital requirements will be critical factors to monitor.

Addition of Respected Commercial Dealer Group Increases Bollinger Motors' National Dealer Network to Over Fifty Locations

OAK PARK, Mich., Dec. 11, 2024 /PRNewswire/ -- Bollinger Motors, Inc., a commercial electric vehicle ("EV") manufacturer, has named Bergey's Truck Centers as an official Bollinger Motors dealer. Bergey's Truck Centers expands Bollinger Motors commercial sales and service network to Delaware, Maryland, New Jersey and Pennsylvania, and grows Bollinger's national dealer network to over 50 locations.

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-kwh battery pack and components to offer unparalleled capability and safety in the commercial market. The company began delivering Bollinger B4 vehicles to customers in October.  

"We're thrilled to partner with Bergey's Truck Centers as we expand into the Mid-Atlantic region—an important milestone in Bollinger Motors' strategic growth plan," said Jim Connelly, Chief Revenue Officer for Bollinger Motors. "Bergey's is a leader in the East Coast market and shares Bollinger Motors' vision for a sustainable, electrified future."

Bergey's Truck Centers is a 100-year old, family-owned, commercial truck dealership and service center with 16 sales and service locations throughout the Mid-Atlantic. 

"We are proud to partner with Bollinger Motors as they bring their groundbreaking electric trucks to the Mid-Atlantic region," said Stephen Rybacki, Vice President of Medium Duty Truck Sales for Bergey's Truck Centers. "At Bergey's Truck Centers, we are committed to supporting innovative solutions that advance the commercial vehicle industry while meeting the evolving needs of our customers. The Bollinger B4 is an exciting new product that fills an important need for many of our customers. We're excited to play a role in their growth and look forward to contributing to a more sustainable future together."

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 agreement with Momentum Group;
  • A 70-vehicle agreement with Doering Fleet Management;
  • A 50-vehicle agreement with EnviroCharge;
  • The addition of Broadway Ford Truck Centers, Anderson Motors, TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, and Nuss Truck & Equipment 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.  

ABOUT BERGEY'S TRUCK CENTERS
Bergey's Truck Centers is family owned and operated out of its headquarters in Souderton, Pennsylvania, and has been in business since 1924. Bergey's Truck Center's has a commercial truck footprint to include 26 locations including 16 truck centers, eight truck parts locations, and a parts warehouse. It is a certified dealership for Mack, Volvo, Hino, Isuzu, and Autocar commercial trucks as well as Wabash and Strick trailers. Bergey's also operates six commercial tire centers and ten automotive dealership locations, extending their commercial offerings to include automotive and light duty pick-up trucks and vans. Learn more about us at www.bergeystruckcenters.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, and Nuss Truck & Equipment; (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

FAQ

How many vehicles has Bollinger Motors secured in recent agreements for its B4 electric truck?

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

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

The Bollinger B4 Chassis Cab features a 158-kwh battery pack.

When did Bollinger Motors begin delivering B4 vehicles to customers?

Bollinger Motors began delivering B4 vehicles to customers in October.

Which regions are covered by the new Bergey's Truck Centers partnership?

The Bergey's Truck Centers partnership covers Delaware, Maryland, New Jersey, and Pennsylvania.

What regulatory certifications has Bollinger Motors received for the B4?

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