via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an emerging electric vehicle (“EV”) manufacturer,
announces today Bollinger Motors (“Bollinger”) has named LaFontaine
Automotive Group as its first authorized dealer with two locations
in Lansing and Farmington Hills, Michigan.
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
800V battery and components to offer unparalleled safety in the
commercial market. The company anticipates deliveries of the B4
chassis cab to begin in the second half of 2024.
“We are thrilled to work with LaFontaine right here in Michigan
where we designed, and will build, the B4,” said Robert Bollinger,
founder and CEO of Bollinger Motors. “LaFontaine shares our
commitment to quality and customer service.”
According to LaFontaine, the partnership brings the company’s
portfolio to 54 retail franchises and 39 retail locations, with
additional announcements planned later in 2024. Bollinger
commercial vehicles will be sold at LaFontaine Bollinger Farmington
Hills, 30250 Grand River Avenue in Farmington Hills, and LaFontaine
Bollinger Lansing, 3625 S Pennsylvania Avenue in Lansing.
“Our partnership with Bollinger Motors is a true testament to
the dedicated team we have and our commitment to providing our
commercial customers a personalized experience that extends far
past the sale of the vehicle. We focus not only on exceeding
customer expectations during the sale, but providing service,
repair, parts and accessories for our customers as well,” said Ryan
LaFontaine, CEO, LaFontaine Automotive Group. “As we expand our
commercial vehicle offering, this partnership aligns with our
long-term vision of growth and expansion, allowing us to serve a
broader customer base and strengthen our strategically located
presence across Michigan."
“Our team has positioned itself as a true commercial and fleet
powerhouse,” said Brian Frania, commercial and fleet director,
LaFontaine Automotive Group. “Our customer-first approach has
really resonated with businesses and municipalities, and we have
seen tremendous growth in both commercial units sold and
serviced.”
“Our strategically developed plan to offer sales and service
nationwide is being kicked off with LaFontaine,” said Jim Connelly,
chief revenue officer at Bollinger Motors. “Additional dealer
partners will be announced soon, showing our commitment to fleets
in all 50 states.”
Today’s announcement follows a series of Bollinger Motors
announcements in recent months, including partnerships with Our
Next Energy in Novi, Michigan, to supply the company with batteries
and related components and Roush Industries in Livonia, Michigan,
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.
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 Class 4-6 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 MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of electric vehicles (“EVs”) that will be manufactured
in its two United States-based assembly plants. Mullen's EV
development portfolio includes the Mullen FIVE EV Crossover,
Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3
EVs and Bollinger Motors, which features both the B1 and B2
electric SUV trucks and Class 4-6 commercial offerings. During
2022, Bollinger Motors became a majority-owned EV truck company of
Mullen Automotive and Mullen closed on the acquisition of all of
Electric Last Mile Solutions' (“ELMS”) assets, including all IP and
a 650,000-square-foot plant in Mishawaka, Indiana.
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 (a) Bollinger Motors’ continued partnership with
LaFontaine Automotive Group; (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)
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
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