BOLLINGER MOTORS MOVES WESTWARD, ADDS 20 TEC EQUIPMENT DEALERSHIPS TO EXPANDING RETAIL AND SERVICE NETWORK
Bollinger Motors, an electric commercial vehicle manufacturer, has expanded its retail and service network westward by adding 20 TEC Equipment dealerships. This partnership includes sales and service locations in California, Oregon, and Washington, along with additional service locations across seven states. The Bollinger B4 Chassis Cab, an all-electric class 4 commercial truck, is set to begin deliveries in October 2024.
TEC Equipment, a family-owned full-service truck and trailer dealership, will provide sales, service, and other support for Bollinger vehicles. This expansion is part of Bollinger's recent milestones, including production announcements, EPA certification, significant vehicle sales, and partnerships with key suppliers and service providers.
Bollinger Motors, un produttore di veicoli commerciali elettrici, ha ampliato la propria rete di vendita e assistenza verso ovest aggiungendo 20 concessionari TEC Equipment. Questa partnership include punti vendita e assistenza in California, Oregon e Washington, insieme ad ulteriori sedi di assistenza in sette stati. Il Bollinger B4 Chassis Cab, un camion commerciale elettrico di classe 4, inizierà le consegne a ottobre 2024.
TEC Equipment, una concessionaria di camion e rimorchi a gestione familiare, fornirà vendite, assistenza e altro supporto per i veicoli Bollinger. Questa espansione fa parte dei recenti traguardi di Bollinger, tra cui annunci di produzione, certificazione EPA, vendite significative di veicoli e collaborazioni con fornitori e servizi chiave.
Bollinger Motors, un fabricante de vehículos comerciales eléctricos, ha ampliado su red de venta y servicio hacia el oeste al agregar 20 concesionarios de TEC Equipment. Esta asociación incluye ubicaciones de venta y servicio en California, Oregón y Washington, junto con ubicaciones adicionales de servicio en siete estados. El Bollinger B4 Chassis Cab, un camión comercial completamente eléctrico de clase 4, comenzará las entregas en octubre de 2024.
TEC Equipment, un concesionario familiar de camiones y remolques, proporcionará ventas, servicio y otro apoyo para los vehículos Bollinger. Esta expansión es parte de los recientes hitos de Bollinger, que incluyen anuncios de producción, certificación de la EPA, ventas significativas de vehículos y asociaciones con proveedores y servicios clave.
볼린저 모터스(Bollinger Motors)는 전기 상업용 차량 제조업체로서 20개의 TEC 장비 대리점을 추가하여 서쪽으로 소매 및 서비스 네트워크를 확장했습니다. 이 파트너십은 캘리포니아, 오리건, 워싱턴의 판매 및 서비스 위치를 포함하며, 7개 주에 추가 서비스 위치도 포함됩니다. 볼린저 B4 섀시 캡(Bollinger B4 Chassis Cab), 완전 전기 클래스 4 상업용 트럭이 2024년 10월에 배송을 시작할 예정입니다.
TEC 장비는 가족 소유의 종합 트럭 및 트레일러 대리점으로서 볼린저 차량에 대한 판매, 서비스 및 기타 지원을 제공합니다. 이 확장은 볼린저의 최근 이정표의 일부로, 생산 발표, EPA 인증, 중요한 차량 판매, 주요 공급자 및 서비스 제공 업체와의 파트너십 등을 포함합니다.
Bollinger Motors, un fabricant de véhicules commerciaux électriques, a étendu son réseau de vente et de service vers l'ouest en ajoutant 20 concessionnaires TEC Equipment. Ce partenariat comprend des points de vente et de service en Californie, en Oregon et dans l'État de Washington, ainsi que des emplacements de service supplémentaires dans sept États. Le Bollinger B4 Chassis Cab, un camion commercial entièrement électrique de classe 4, devrait commencer ses livraisons en octobre 2024.
TEC Equipment, un concessionnaire de camions et remorques à gestion familiale, fournira des ventes, des services et d'autres soutiens pour les véhicules Bollinger. Cette expansion fait partie des récentes étapes de Bollinger, y compris des annonces de production, la certification EPA, des ventes de véhicules significatives et des partenariats avec des fournisseurs clés et des prestataires de services.
Bollinger Motors, ein Hersteller von elektrischen Nutzfahrzeugen, hat sein Verkaufs- und Servicenetzwerk nach Westen erweitert, indem 20 TEC Equipment-Händler hinzugefügt wurden. Diese Partnerschaft umfasst Verkaufs- und Serviceeinrichtungen in Kalifornien, Oregon und Washington sowie zusätzliche Serviceeinrichtungen in sieben Bundesstaaten. Der Bollinger B4 Chassis Cab, ein vollelektrischer Nutzfahrzeug der Klasse 4, wird ab Oktober 2024 mit der Auslieferung beginnen.
TEC Equipment, ein familiengeführter Vollservice-Truck- und Trailerhändler, wird Verkaufs-, Service- und weitere Unterstützungsdienste für Bollinger-Fahrzeuge anbieten. Diese Expansion ist Teil der jüngsten Meilensteine von Bollinger, zu denen Produktionsankündigungen, EPA-Zertifizierungen, signifikante Fahrzeugverkäufe und Partnerschaften mit wichtigen Zulieferern und Dienstleistern gehören.
- Expansion of retail and service network with 20 new dealership locations
- Deliveries of Bollinger B4 Chassis Cab scheduled to begin in October 2024
- Received Certificate of Conformity from the Environmental Protection Agency
- Secured multiple vehicle sales: 145 to Momentum Groups, 50 to EnviroCharge, 5 to Spencer Manufacturing
- None.
Insights
The expansion of Bollinger Motors' dealer network through TEC Equipment marks a strategic move to strengthen its presence in the Western U.S. This partnership potentially broadens Bollinger's market reach, particularly in key EV-friendly states like California, Oregon and Washington. The addition of 20 dealerships significantly enhances Bollinger's sales and service capabilities, which could accelerate adoption of their B4 Chassis Cab.
However, investors should note that Bollinger is still in its pre-revenue phase, with deliveries expected to begin in October 2024. The company's recent milestones, including EPA certification and several vehicle sales agreements, indicate progress towards commercialization. Yet, the EV commercial vehicle market is increasingly competitive, with established players like Ford and newer entrants like Rivian vying for market share. Bollinger's success will hinge on timely delivery, product performance and ability to scale operations efficiently.
Bollinger's B4 Chassis Cab, designed specifically for commercial use, addresses a growing demand for electric solutions in the fleet sector. The 158 kWh battery pack suggests a competitive range, important for commercial adoption. The emphasis on safety and upfitter-friendly design could be key differentiators in the market.
The partnership with TEC Equipment is particularly noteworthy. As an established dealer with expertise in commercial vehicles, TEC brings valuable industry knowledge and customer relationships. This could help Bollinger navigate the complexities of fleet sales and service. Moreover, TEC's ZEV consulting services align well with Bollinger's product, potentially facilitating smoother transitions for fleet operators new to EVs.
While promising, Bollinger faces challenges in scaling production and competing with larger, better-funded rivals. The success of their initial deliveries and customer satisfaction will be critical indicators to watch.
OAK PARK, Mich., Aug. 29, 2024 /PRNewswire/ -- Bollinger Motors, Inc., an electric commercial vehicle ("EV") manufacturer, has named TEC Equipment, Inc. as an official Bollinger Motors dealer. The addition of sales and service provided by select TEC Equipment locations expands Bollinger Motors commercial sales and service network westward, with the following participating TEC Equipment locations:
Sales & service Locations:
California :San Diego ,Fontana ,Oakland Oregon :Portland Washington :Seattle
Additional service locations:
Arizona :Phoenix California : La Mirada,Dixon ,Lathrop ,San Francisco Iowa :Sioux City Nebraska :Omaha Nevada :Las Vegas ,Reno Oregon :Medford , Eugene, Redmond,Wilsonville South Dakota :Sioux Falls Washington : Lacey
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 anticipates deliveries of the Bollinger B4 to begin in October 2024.
"The addition of TEC Equipment expands Bollinger Motors national dealer network westward and gives us a solid foundation in several important markets," said Jim Connelly, Chief Revenue Officer for Bollinger Motors. "TEC is an industry leader in sales and service and provides a critical link to our commitment to electrification and customer support."
TEC Equipment is a family-owned, full-service truck and trailer dealership founded in 1976. The company is headquartered in
"We are proud to join the Bollinger Motors network and bring this game-changing electric truck to our customers across the West Coast," said Chris Thompson, TEC Equipment's Vice President of Truck Sales. "We have always prided ourselves in innovation and Bollinger Motors has developed a world-class truck."
Bollinger Motors has reached several milestones in recent months, including: announcing production of the Bollinger B4 Chassis Cab; receiving the Certificate of Conformity from the Environmental Protection Agency; an 145-vehicle sale to Momentum Groups; a 50-vehicle sale to EnviroCharge; a five-vehicle sale to Spencer Manufacturing; the addition of Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto Group as dealers and service centers; Our Next Energy in Novi, Mich. to supply battery packs; Roush Industries in Livonia, Mich. to manage vehicle assembly operations; 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
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 EnviroCharge, Spencer Manufacturing, and Momentum Groups and deliver purchased vehicles on schedule; (b) Bollinger Motors' continued partnership with Nacarato Truck Centers, TEC 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; and (f) 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
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