DETROIT, July 18,
2023 /PRNewswire/ -- Today, Bollinger Motors
announced the start of its "design validation" pilot builds of the
B4 all-electric Class 4 chassis cabs for testing and demonstration.
Manufacturing of the pilot vehicles has kicked off in partnership
with Roush Industries, Inc. at its facility in Livonia, Michigan. The first five completed
chassis cabs are expected to roll out this summer, with another 15+
vehicles by the end of Q3 2023.
"Bollinger Motors has over eight years of experience in
developing, producing, and testing all-electric trucks," said
Robert Bollinger, CEO. "I'm excited
to see our hard work come together in the B4 and to keep hitting
our milestones."
Bollinger Motors will be offering demonstrations of its initial
pilot builds from September 12-22 at
Mcity, a demonstration and testing facility on University of Michigan's North Campus in
Ann Arbor, Michigan, for invited
key prospects and partners. In preparation for that event,
Bollinger has engaged multiple upfitting partners to prepare the
chassis cabs for a variety of options to meet the needs of
potential fleet customers.
"Our Class 4 Bollinger B4 truck was purpose built for fleets and
it gives them unlimited upfit options," said Jim Connelly, chief revenue officer of Bollinger
Motors. "Our nationwide service network will be announced
soon."
The Bollinger B4 will be eligible nationwide for a federal
purchasing incentive of 30% of the cost of the vehicle, up to a
total $40,000, through the Inflation
Reduction Act of 2022. Deliveries of the Bollinger B4 are expected
to begin in July 2024.
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 and all-electric SUV consumer
vehicles. In September of 2022, Bollinger Motors became a majority
owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more
at www.BollingerMotors.com.
Forward-Looking Statements
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' successful partnership with Roush Enterprises to
develop an assembly process for the B4 vehicle on schedule; (b) the
successful development of a national sales and service network for
the Bollinger B4 vehicle; (c) Bollinger Motors' ability to achieve
all necessary development and manufacturing milestones in time for
their September, 2023 demonstration event; (d) Bollinger Motors'
ability to engage upfit partners and develop upfit options for
vehicle demonstrations; (e) the continued availability and support
for federal commercial vehicle purchasing incentives under the
Inflation Reduction Act of 2022; or (f) whether the B4 deliveries
will occur within the anticipated timelines.
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bollinger-motors-kicks-off-pilot-build-on-its-b4-all-electric-chassis-cabs-301879502.html
SOURCE Bollinger Motors