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BOLLINGER MOTORS PARTNERS WITH NATIONAL AUTO FLEET GROUP FOR GOVERNMENT FLEET VEHICLE SALES

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Bollinger Motors has partnered with National Auto Fleet Group (NAFG) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies through NAFG's Sourcewell contract. The B4 Chassis Cab features a 185-mile range, 7,394 lbs payload, and a 158-kwh battery pack. Recent company milestones include production launch, regulatory certifications, multiple vehicle agreements totaling 265 units, dealer network expansion, and partnerships for battery supply and warranty services.

Bollinger Motors ha stretto una partnership con National Auto Fleet Group (NAFG) per vendere i suoi camion commerciali elettrici di Classe 4, i Bollinger B4, a enti governativi tramite il contratto Sourcewell di NAFG. Il Chassis Cab B4 presenta un'autonomia di 185 miglia, un carico utile di 7.394 lbs e un pacco batteria da 158 kwh. Tra i recenti traguardi dell'azienda ci sono il lancio della produzione, le certificazioni regolatorie, diversi contratti per un totale di 265 veicoli, l'espansione della rete di concessionari e collaborazioni per la fornitura di batterie e servizi di garanzia.

Bollinger Motors se ha asociado con National Auto Fleet Group (NAFG) para vender sus camiones comerciales eléctricos de Clase 4, los Bollinger B4, a agencias gubernamentales a través del contrato Sourcewell de NAFG. El Chasis Cab B4 cuenta con un rango de 185 millas, una capacidad de carga útil de 7,394 lbs y un paquete de batería de 158 kwh. Los hitos recientes de la compañía incluyen el lanzamiento de la producción, las certificaciones regulatorias, múltiples acuerdos de vehículos que suman 265 unidades, la expansión de la red de concesionarios y asociaciones para el suministro de baterías y servicios de garantía.

볼린저 모터스내셔널 오토 플리트 그룹(NAFG)와 협력하여 모든 전기 클래식 4 볼린저 B4 상용 트럭을 NAFG의 소스웰 계약을 통해 정부 기관에 판매합니다. B4 섀시 캡은 185마일의 주행 거리, 7,394파운드의 유효 하중, 158kwh 배터리 팩을 특징으로 합니다. 최근 회사의 주요 이정표로는 생산 착수, 규제 인증, 총 265대 차량에 대한 다수의 계약, 딜러 네트워크 확장, 배터리 공급 및 보증 서비스에 대한 파트너십 등이 있습니다.

Bollinger Motors s'est associé à National Auto Fleet Group (NAFG) pour vendre ses camions commerciaux entièrement électriques de Classe 4, les Bollinger B4, aux agences gouvernementales via le contrat Sourcewell de NAFG. Le Châssis Cab B4 dispose d'une autonomie de 185 miles, d'une capacité de charge utile de 7 394 lbs et d'un pack de batteries de 158 kwh. Parmi les récentes étapes importantes de l'entreprise figurent le lancement de la production, les certifications réglementaires, plusieurs accords de véhicules totalisant 265 unités, l'expansion du réseau de concessionnaires et des partenariats pour l'approvisionnement en batteries et les services de garantie.

Bollinger Motors hat sich mit National Auto Fleet Group (NAFG) zusammengeschlossen, um seine vollelektrischen Nutzfahrzeuge der Klasse 4, die Bollinger B4, über den Sourcewell-Vertrag von NAFG an Regierungsbehörden zu verkaufen. Das B4 Chassis-Cab verfügt über eine Reichweite von 185 Meilen, eine Nutzlast von 7.394 lbs und einen 158-kwh Akku. Zu den jüngsten Meilensteinen des Unternehmens gehören der Produktionsstart, regulatorische Zertifizierungen, mehrere Fahrzeugverträge mit insgesamt 265 Einheiten, die Expansion des Händlernetzwerks sowie Partnerschaften für die Batterieversorgung und Garantiedienstleistungen.

Positive
  • Secured partnership with NAFG for government fleet sales access
  • Multiple vehicle agreements totaling 265 units (145 with Momentum, 70 with Doering, 50 with EnviroCharge)
  • Achieved key regulatory certifications (FMVSS, EPA, CARB)
  • Expanded dealer and service network with multiple partnerships
Negative
  • None.

Insights

The partnership with National Auto Fleet Group marks a strategic advancement for Bollinger Motors in penetrating the government fleet market. The Sourcewell contract agreement provides a streamlined procurement pathway for government agencies to purchase the B4 electric trucks, potentially accelerating sales growth. The recent string of achievements, including multiple fleet agreements totaling 265 vehicles and expanding dealer networks, demonstrates growing market traction. However, investors should note that while promising, government fleet sales cycles can be lengthy and competitive, with success dependent on budget allocations and procurement priorities. The B4's 185-mile range and 7,394-pound payload capacity position it well against competitors, but market penetration will require proving reliability and cost-effectiveness in real-world operations.

The B4's technical specifications reveal a thoughtfully engineered commercial EV platform. The 158-kWh battery pack with protective chassis design addresses durability concerns critical for fleet operations. Recent regulatory achievements including FMVSS compliance, EPA certification and CARB approval validate the platform's technical viability. The partnership with Our Next Energy for battery supply and Amerit Fleet Solutions for mobile service creates a robust operational ecosystem. The focus on upfitter compatibility and multiple use cases demonstrates market-aware engineering, though the 185-mile range may limit some applications. The comprehensive warranty coverage backed by Syncron's administration system helps derisk adoption for conservative fleet managers.

Bollinger B4 Class 4 Electric Trucks Provide Electrification Solution Through NAFG Sourcewell Contract Agreement

OAK PARK, Mich., Nov. 15, 2024 /PRNewswire/ -- Bollinger Motors, Inc., a commercial electric vehicle ("EV") manufacturer, today announced it has partnered with National Auto Fleet Group (NAFG) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies through NAFG's Sourcewell-awarded contract #032824-NAF.

"Bollinger Motors is excited to work with National Auto Fleet Group to bring the Bollinger B4 to one of our most important customer groups, government entities at all levels," said Jim Connelly, chief revenue officer of Bollinger Motors. "Government agencies and municipalities are often early adopters for electrification and electric vehicle fleets. We look forward to partnering with NAFG, and their history of bringing innovative products and solutions to this important segment."

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. The vehicle has a range of 185 miles and a payload of 7,394 lbs. Bollinger's unique chassis design protects the 158-kwh battery pack and components to offer unparalleled capability, performance and safety in the commercial market. The Bollinger B4 is an excellent fit for commercial and government/municipal fleets looking for a world-class truck, capable of performing a variety of job functions.

"At National Auto Fleet Group, we take pride in helping municipalities find and manage their fleet vehicles," said Ben Rodriguez, HD Manager of National Auto Fleet Group. "The Bollinger B4 is an excellent addition to our vehicle portfolio and will help fill a key product need for multiple government organizations developing electrification strategies."

Sourcewell is a self-sustaining government organization, with more than 40 years of dedicated service helping government, education, and nonprofit agencies operate more efficiently through a variety of solutions. NAFG is a vehicle vendor catering to government agencies and municipalities across the country. The agreement with NAFG provides Bollinger Motors a conduit to winning more government contracts.

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 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, Mich. 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' continued partnership with NAFG and NAFG's ability to sell Bollinger Motors vehicles; (b) Bollinger Motors' ability to finalize a sales agreement with Momentum Group, Doering Fleet Management, and EnviroCharge and deliver purchased vehicles on schedule; (c) Bollinger Motors' continued partnership with Nacarato Truck Centers, TEC Equipment, Affinity Truck Center, Nuss Truck & Equipment, and LaFontaine Automotive Group; (d) Bollinger Motors' continued partnership with Our Next Energy as a battery supplier; (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

What is the range and payload capacity of the Bollinger B4 electric truck?

The Bollinger B4 electric truck has a range of 185 miles and a payload capacity of 7,394 lbs.

How many vehicle orders has Bollinger Motors secured in recent agreements?

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

What certifications has Bollinger Motors received for the B4 truck?

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

When did Bollinger Motors start production of the B4 electric truck?

Bollinger Motors launched production on September 16.

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