Mullen Announces Bollinger Motors Receives Vehicle Orders for 40 B4, Class 4 EV Trucks; Valued at Approximately $6 Million
January 19 2024 - 9:30AM
via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer,
announces today Bollinger Motors (“Bollinger”) has received vehicle
orders for 40 B4, Class 4 EV trucks. Total orders are valued at
approximately $6 million.
The Company anticipates the Bollinger B4 chassis
cab to begin production in mid-2024 and is expected to be eligible
nationwide for a federal purchasing incentive of 30% of the cost of
the vehicle, up to a total of $40,000, through the Inflation
Reduction Act of 2022.
“The B4 has been very well received to date and
it’s great to see our first 40 vehicle orders coming in well in
advance of production start,” said Robert Bollinger, CEO of
Bollinger Motors.
“I am proud of the Bollinger B4, which will be
American-made in the great state of Michigan,” said David Michery,
CEO and chairman of Mullen Automotive.
The Bollinger B4 chassis cab is an all-new,
all-electric Class 4 commercial truck. These purpose-built electric
trucks have been designed to be custom-configured by fleets to fit
their exact duty cycle needs, making the transition to electric as
seamless as possible with minimal downtime. Every aspect of these
trucks has been streamlined to be as versatile as possible. Clean,
unobstructed frame rails for easy mounting and upfit adaptation,
with all drivetrain components safely packaged inside the rails.
Its cab forward design provides improved visibility and frees up
space behind the driver for more cargo.
BOLLINGER B4 SpecsVEHICLE CLASS - 4GVWR -
15,500 LBSREAR AXLE DUAL RWD - 10,500 LBSSOLID FRONT AXLE - 6,500
LBSPAYLOAD - 7,325 LBSWHEELBASE - 158"TURN CIRCLE - 44'CAB TO AXLE
- 138"CAB TO BOX - 8"FRAME HEIGHT - 32"FRAME WIDTH - 40"UPFIT BODY
LENGTH - 16'-18'HORSEPOWER - 323TORQUE - 702 FT LBSRANGE - 110-200
MILESAC LVL 2 CHARGE TIME 0-100% - 9 HOURSDC FAST CHARGE TIME
0-100% - 1.5 HOURS
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 cabs,
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 at www.MullenUSA.com.
About Mullen
Mullen Automotive is a Southern California-based automotive
company building the next generation of premium electric vehicles
(EVs) that are affordable and built entirely in the United States.
With an end-to-end ecosystem that supports owners from test driving
to financing and servicing through a unique hybrid dealership
model, customers are supported through every aspect of EV
ownership. The Mullen FIVE, the Company’s first electric crossover,
is slated for delivery in 2024 and features an award-winning design
and its patented PERSONA technology that utilizes facial
recognition to personalize the driving experience for every
individual. To learn more about the company, visit
www.MullenUSA.com.
Forward-Looking StatementsCertain 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 are difficult to
predict. Examples of such risks and uncertainties include but are
not limited to the timing of start of production, completion and
delivery of the Bollinger B4 Trucks, and whether Bollinger vehicles
will receive the federal purchasing incentive through the Inflation
Reduction Act of 2022. Additional examples of such risks and
uncertainties include but are not limited to: (i) Mullen’s ability
(or inability) to obtain additional financing in sufficient amounts
or on acceptable terms when needed; (ii) Mullen's ability to
maintain existing, and secure additional, contracts with
manufacturers, parts and other service providers relating to its
business; (iii) Mullen’s ability to successfully expand in existing
markets and enter new markets; (iv) Mullen’s 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’s business; (viii) changes in government licensing and
regulation that may adversely affect Mullen’s business; (ix) the
risk that changes in consumer behavior could adversely affect
Mullen’s business; (x) Mullen’s ability to protect its intellectual
property; and (xi) 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 with the Securities and
Exchange Commission. Mullen anticipates that subsequent events and
developments may cause its plans, intentions and expectations to
change. Mullen 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 Mullen’s plans and expectations as
of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Wire Service Contact:InvestorWire (IW) Los
Angeles, Californiawww.InvestorWire.com212.418.1217
OfficeEditor@InvestorWire.com
- Bollinger B4, Class 4 Commercial EV Truck
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