MULN - Mullen Subsidiary Bollinger Motors Announces Sale of 70 B4 EV Trucks | Benzinga
BREA, Calif., July 15, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today its subsidiary, Bollinger Motors, has reached an agreement to sell 70 all-electric Class 4 Bollinger B4 commercial trucks to Doering Fleet Management ("Doering"), one of the nation's premier fleet management companies. The vehicle order is valued at approximately $11.5 million with first vehicle deliveries in late 2024. The Bollinger B4 will be the first Class 4 medium duty, all-electric truck offered by Doering.
"Our agreement with Doering Fleet Management is another important step forward for Bollinger Motors," said Jim Connelly, chief revenue officer of Bollinger Motors. "Doering is one of the top names in the fleet management world and we are honored to have the Bollinger B4 become an environmentally friendly fleet option for their customers across the country."
Doering has built its reputation over three decades through outstanding customer service and by matching their customers with the right vehicles for their unique business needs. The Bollinger B4 will be the first medium duty, all-electric truck offered by Doering.
"The Bollinger B4 is an innovative, world-class electric truck with outstanding performance and capability, and Bollinger Motors shares our commitment to outstanding customer service," said Adam Berger, president of Doering Fleet Management. "For our customers seeking a medium duty electric truck, the Bollinger B4 will be a great option to meet their needs. We look forward to bringing the B4 into our suite of offerings."
The Bollinger B4 Chassis Cab is an all-new, battery electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 800-volt battery and components to offer unparalleled capability, flexibility, performance and serviceability in the commercial market. Bollinger Motors recently qualified for federal clean vehicle purchasing incentives under the Inflation Reduction Act, which provides $40,000 in refundable tax credits per truck.
Bollinger Motors has reached several milestones in recent months, including: receiving the Certificate of Conformity from the Environmental Protection Agency; an 80 vehicle sale to Momentum Groups; a 50 vehicle sale to EnviroCharge; a five vehicle sale with Spencer Manufacturing; the addition of Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto Group as dealers and service centers; Our Next Energy in ...