Deal Creates Innovative Mobile Charging
Solution for Electric Vehicle Fleet Owners
OAK
PARK, Mich., May 22, 2024
/PRNewswire/ -- Bollinger Motors, Inc., an electric
commercial vehicle ("EV") manufacturer, today announced it has
reached an agreement to sell 50 vehicles to EnviroCharge, a
provider of convenient and flexible charging solutions for electric
vehicle owners.
EnviroCharge will install its mobile clean-propane-powered
charging system on the Bollinger B4 Chassis Cab, an all-new,
all-electric Class 4 commercial truck. By combining the charging
unit with the Bollinger B4, EnviroCharge will provide a convenient
mobile charging unit allowing electric vehicle owners to quickly
and easily charge EVs anytime, anywhere.
EnviroCharge will take possession of the vehicles after
Bollinger Motors launches production in the second half of
2024.
"EnviroCharge shares our commitment and vision to transform the
transportation industry," said Robert
Bollinger, founder and CEO of Bollinger Motors. "Innovative
electric trucks and charging solutions mean fleets can switch today
to save money, reduce emissions, and get the job done."
EnviroCharge will re-sell the newly upfitted vehicles to fleet
owners in states with voucher incentive programs. In addition, the
vehicles will be eligible for the $40,000 Inflation Reduction Act federal tax
credit.
"This is a big step forward for EnviroCharge customers, as it
provides a clean-fuel EV charging solution on a zero-emission
vehicle," said Charlie Stockton, CEO
of EnviroCharge. "This will create a convenient charging solution
providing fleet owners with invaluable peace of mind."
Today's announcement follows a series of Bollinger Motors
announcements in recent months, including: the addition of
Nacarato Truck Centers, Nuss Truck
& Equipment, and LaFontaine Auto Group as dealers and service
centers; Our Next Energy in Novi, Mich. to supply battery
packs; Roush Industries in Livonia, Mich. to manage
vehicle assembly operations; Syncron as its warranty administration
partner; and Amerit Fleet Solutions as its mobile service
provider.
Also, Bollinger Motors recently qualified for federal
clean-vehicle purchasing incentives under the Inflation Reduction
Act, which provides $40,000 in
refundable tax credits per truck.
ABOUT ENVIROCHARGE
EnviroCharge, a Service-Disabled Veteran Owned Charge Point
Operating Company (CPO), believes that the future of clean
transportation begins with a passionate team with the vision to
drive transformative technologies using renewable fuels such as
Hydrogen, Renewable Propane + DME, Renewable Natural Gas,
BioDiesel, and Renewable Diesel. The company offers cost-effective
power generation and EV charging solutions that enhance energy
resilience while ensuring energy equity.
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.
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
EnviroCharge and deliver purchased vehicles on schedule; (b)
Bollinger Motors' continued partnership with Nacarato Truck
Centers, Nuss Truck & Equipment,
and LaFontaine Automotive Group; (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' continued relationship
with Syncron as its warranty administration provider; (f) Bollinger
Motors' continued relationship with Amerit Fleet Solutions as its
mobile service provider and (g) 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bollinger-motors-announces-sale-of-50-bollinger-b4-chassis-cabs-to-envirocharge-302152877.html
SOURCE Bollinger Motors