DETROIT, March 5,
2024 /PRNewswire/ -- Bollinger Motors, Inc., an
electric commercial vehicle ("EV") manufacturer, has named the next
two dealership groups spanning seven states and 11 locations, as
they rollout their commercial electric truck line, beginning with
the Bollinger B4 Chassis Cab in the second half of 2024.
The dealership groups are:
- Nacarato Truck Centers – 10 locations in Florida, Georgia, Kentucky, Maryland, Tennessee, and Virginia
- Nuss Truck & Equipment – one location in Minneapolis, Minn.
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 the second
half of 2024.
"We are building our national dealer network very strategically
to ensure that they share Bollinger's commitment to quality and
customer service," said Robert
Bollinger, founder and CEO of Bollinger Motors. "These two
dealership groups represent some of the busiest trucking hubs in
the country and we welcome these new locations to the Bollinger
family as we work to electrify fleets across the country."
Today's announcement follows a series of Bollinger Motors
announcements in recent months, including partnerships with Our
Next Energy in Novi, Mich. to
supply the company with batteries and related components and Roush
Industries in Livonia, Mich.
to manage vehicle assembly operations. The company recently
qualified for federal clean vehicle tax credits under the Inflation
Reduction Act of $40,000 per vehicle
for the B4 chassis cab. Earlier this month, Michigan's LaFontaine Automotive
Group was named as the first commercial dealer.
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.
ABOUT NACARATO TRUCK CENTERS
Nacarato Truck
Centers is a group of authorized Volvo Truck, Tico
Terminal Tractor, and used semi truck dealerships and Service
Centers serving the Tennessee, Virginia, Southern Kentucky,
Maryland, Illinois, Florida and Georgia areas with
47 years in the trucking industry. Starting from a single
dealership in Nashville, we have
expanded to a 13-dealership group with the same moral principles
that the dealership was founded on. Three generations of the
Nacarato family have kept this dream alive and continue to steer
this company to where we are today. For more information, visit
www.nacaratotruckcenters.com.
ABOUT NUSS TRUCK & EQUIPMENT
With nine locations
in Minnesota and western
Wisconsin, Nuss Truck &
Equipment is the region's largest dealer of new and used Mack and
Volvo Trucks, and Volvo Construction Equipment. Established in
1959, Nuss has become a leading provider of service, parts,
trailers, rentals and custom-engineered solutions for the trucking
and construction industries. With headquarters in Rochester and Roseville, Minnesota, Nuss is proud of its
commitment to safety and exceptional service. For more information
and a list of locations, visit https://www.nussgrp.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 Nacarato
Truck Centers and Nuss Truck and Equipment; (b) Bollinger Motors'
ability to build a national network of commercial dealers in time
for start of production and vehicle deliveries; (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'
ability to begin manufacturing and deliver their initial vehicles
in the time and manner they anticipate; and (f) the continued
availability and support for federal commercial vehicle purchasing
incentives under the Inflation Reduction Act of 2022.
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 as a result 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
