Mullen Subsidiary, Bollinger Motors, Delivers B4 Trucks to West Coast Dealer, TEC Equipment
Mullen Automotive's subsidiary, Bollinger Motors, has delivered three 2025 B4 chassis cab electric trucks to TEC Equipment locations in Washington and California, with a retail value of approximately $500,000. The revenue is being recognized in Mullen's current fiscal quarter ending December 2024. The B4 chassis cab 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 including state incentives. TEC Equipment, a family-owned dealership with over 30 locations across eight states, will help distribute Bollinger's electric trucks along the West Coast.
La sussidiaria di Mullen Automotive, Bollinger Motors, ha consegnato tre camion elettrici B4 chassis cab del 2025 a diverse sedi di TEC Equipment in Washington e California, con un valore di vendita di circa 500.000 dollari. I ricavi saranno riconosciuti nel trimestre fiscale attuale di Mullen che termina a dicembre 2024. Il B4 chassis cab è dotato di un pacco batteria da 158 kilowattora e può beneficiare di crediti d'imposta federali per veicoli ecologici di 40.000 dollari per veicolo, con risparmi totali potenziali superiori a 100.000 dollari, inclusi gli incentivi statali. TEC Equipment, una concessionaria a conduzione familiare con oltre 30 sedi in otto stati, contribuirà alla distribuzione dei camion elettrici di Bollinger lungo la costa occidentale.
La subsidiaria de Mullen Automotive, Bollinger Motors, ha entregado tres camiones eléctricos B4 chassis cab 2025 a ubicaciones de TEC Equipment en Washington y California, con un valor minorista de aproximadamente 500,000 dólares. Los ingresos se reconocerán en el trimestre fiscal actual de Mullen que finaliza en diciembre de 2024. El B4 chassis cab cuenta con una batería de 158 kilovatios-hora y califica para créditos fiscales federales por vehículos limpios de 40,000 dólares por vehículo, con ahorros totales potenciales que superan los 100,000 dólares incluyendo incentivos estatales. TEC Equipment, un concesionario familiar con más de 30 ubicaciones en ocho estados, ayudará a distribuir los camiones eléctricos de Bollinger a lo largo de la costa oeste.
멀렌 오토모티브의 자회사인 볼린저 모터스가 워싱턴과 캘리포니아에 있는 TEC 장비 지점에 2025년 B4 섀시 캡 전기 트럭 3대를 배송했습니다. 판매 가치는 약 500,000달러입니다. 수익은 2024년 12월로 종료되는 멀렌의 현재 회계 분기에서 인식됩니다. B4 섀시 캡은 158킬로와트시 배터리 팩을 특징으로 하며, 차량당 40,000달러의 연방 청정 차량 세금 공제를 받을 수 있으며, 주 인센티브를 포함하면 총 절감액이 100,000달러를 초과할 수 있습니다. TEC 장비는 8개 주에 걸쳐 30개 이상의 지점을 가진 가족 소유의 대리점으로, 볼린저의 전기 트럭을 서부 해안에 배급하는 데 도움을 줄 것입니다.
La filiale de Mullen Automotive, Bollinger Motors, a livré trois camions électriques B4 chassis cab 2025 aux sites TEC Equipment dans l'État de Washington et en Californie, avec une valeur de vente d'environ 500 000 dollars. Les revenus seront reconnus au cours du trimestre fiscal actuel de Mullen qui se termine en décembre 2024. Le B4 chassis cab est équipé d'une batterie de 158 kilowattheures et peut bénéficier de crédits d'impôt fédéraux pour véhicules propres de 40 000 dollars par véhicule, avec des économies totales potentielles dépassant 100 000 dollars, y compris les incitations des États. TEC Equipment, un concessionnaire familial avec plus de 30 sites dans huit États, aidera à distribuer les camions électriques de Bollinger le long de la côte ouest.
Die Tochtergesellschaft von Mullen Automotive, Bollinger Motors, hat drei elektrische Lastwagen B4 chassis cab aus dem Jahr 2025 an TEC Equipment Standorte in Washington und Kalifornien ausgeliefert, mit einem Einzelhandelswert von etwa 500.000 Dollar. Die Einnahmen werden im aktuellen Geschäftsjahr von Mullen, das im Dezember 2024 endet, anerkannt. Das B4 chassis cab verfügt über einen 158-Kilowattstunden-Batteriepack und qualifiziert sich für Bundessteuergutschriften für saubere Fahrzeuge in Höhe von 40.000 Dollar pro Fahrzeug, mit potenziellen Gesamteinsparungen von über 100.000 Dollar einschließlich staatlicher Anreize. TEC Equipment, ein familiengeführtes Autohaus mit über 30 Standorten in acht Bundesstaaten, wird dabei helfen, die elektrischen Lastwagen von Bollinger an der Westküste zu vertreiben.
- Immediate revenue recognition of $500,000 in current fiscal quarter
- Product qualifies for significant tax incentives up to $100,000 per vehicle
- Successful delivery to major West Coast dealer with 30+ locations
- Multiple recent sales contracts totaling 265 vehicles (145 to Momentum, 70 to Doering, 50 to EnviroCharge)
- None.
Insights
The delivery of three B4 chassis cab electric trucks marks a significant milestone for Mullen's subsidiary Bollinger Motors, generating immediate revenue of approximately
Recent achievements including regulatory certifications, substantial fleet orders totaling 265 vehicles and expansion of dealer networks indicate growing commercial traction. However, with Mullen's market cap at just
Bollinger Motors receives payment via electronic transfer with immediate revenue recognition in current fiscal quarter ending December 2024
BREA, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that its subsidiary, Bollinger Motors (“Bollinger”) has made its first customer delivery on the West Coast, sending three 2025 Bollinger B4 chassis cab electric trucks to TEC Equipment (“TEC”) in Lacey, Washington, Fontana, California, and Oakland, California. Electronic payment has been received on the vehicles delivered, which have a retail value of approximately
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 Bollinger Motors presence in several markets.”
The 2025 Bollinger B4 chassis cab is qualified for federal clean vehicle tax credits of
TEC Equipment is a family-owned, full-service truck and trailer dealership founded in 1976. The company is headquartered in Portland, Oregon, 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 achieved 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 produces Class 4 all-electric commercial chassis cab trucks. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN).
Learn more at www.BollingerMotors.com.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to
To learn more about the Company, visit www.MullenUSA.com.
Mullen Forward-Looking Statements
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 Mullen and Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include whether the Bollinger B4 will prove successful; how long state and federal electric vehicle incentive programs will continue to apply; the ability of Bollinger Motors’ B4 Class trucks to qualify for such incentive programs; and the impact of incentive programs on the resultant price of the Bollinger B4 Class trucks.
Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen and Bollinger Motors' ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen and Bollinger Motors' ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen and Bollinger Motors' ability to successfully expand in existing markets and enter new markets; (iv) Mullen and 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 Mullen and Bollinger Motors' business; (viii) changes in government licensing and regulation that may adversely affect Mullen and Bollinger Motors' business; (ix) the risk that changes in consumer behavior could adversely affect Mullen and Bollinger Motors' business; (x) Mullen and 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. Mullen and Bollinger Motors anticipate that subsequent events and developments may cause the Company’s plans, intentions and expectations to change. Mullen and Bollinger Motors assume no obligation, and specifically disclaim 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 Mullen and Bollinger Motors' plans and expectations as of any subsequent date.
Bollinger Media Contact:
Mike DeVilling
(248) 875-4207,
mdevilling@westshorepr.com
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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FAQ
How many B4 trucks did Bollinger Motors deliver to TEC Equipment?
What is the retail value of the Bollinger B4 trucks delivered to TEC Equipment?
What tax incentives are available for the Bollinger B4 chassis cab?
What is the battery capacity of the Bollinger B4 chassis cab?
