Deliveries of Bollinger B4 continue, with electric trucks to
TEC Equipment
OAK
PARK, Mich., Oct. 30,
2024 /PRNewswire/ -- Bollinger Motors today
announced it has made its first customer delivery on the West
Coast, sending three 2025 Bollinger B4 Chassis Cabs to TEC
Equipment's dealerships in Lacey,
Washington; Fontana,
California; and Oakland,
California. The vehicles' total retail value equals nearly
$500,000.
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 the Bollinger Motors presence in several
markets."
The 2025 Bollinger B4 Chassis Cab is qualified for federal clean
vehicle tax credits under the Inflation Reduction Act of
$40,000 per vehicle. Additional state
incentives can push total savings to in excess of $100,000.
TEC Equipment is a family-owned, full-service truck and trailer
dealership founded in 1976. The company is headquartered
in Portland, Ore., 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 passed 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 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'
ability to finalize a sales agreement with Doering Fleet
Management, EnviroCharge, and Momentum Groups and deliver purchased
vehicles on schedule; (b) Bollinger Motors' continued partnership
with Affinity Truck Center, Nacarato Truck Centers, TEC Equipment,
Nuss Truck & 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 relationship with Syncron as its
warranty administration provider; (e) Bollinger Motors' continued
relationship with Amerit Fleet Solutions as its mobile service
provider; and (f) the ability of Bollinger Motors and its dealer
partners to sell the Bollinger B4 to customers at suggested retail
value.
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
