Agreement Creates Innovative Mobile
Charging Solution,
Electric Vehicle Option
for Fleet Owners and Managers
OAK PARK, Mich.,
June 13,
2024 /PRNewswire/ -- Bollinger Motors,
Inc., an electric commercial vehicle ("EV") manufacturer, today
announced it has reached an agreement to sell 80 all-electric Class
4 commercial trucks to Momentum, a leader in fleet management and
EV charging solutions.
Momentum Groups can upfit the Bollinger B4 Chassis Cab
with mobile EV chargers, a box truck, flatbed, service body or
stake truck. Momentum Groups' strength is in their
full-service national fleet program, and mobile or permanent
charging infrastructure for Electric Vehicles (EV's).
Momentum will take possession of the vehicles after Bollinger
Motors launches production in the second half of 2024.
"Momentum is a leader and innovator in mobile charging solutions
and has a shared commitment to using electric vehicles as part of a
fleet management solution to help companies reduce emissions and
save money," said Robert Bollinger,
founder and CEO of Bollinger Motors. "We are excited that the
Bollinger B4 will be the Class 4 platform that helps Momentum
deliver a mobile-charging solution."
"We are delighted to work with Bollinger Motors and its
innovative B4 Chassis Cab, as the company shares our commitment to
reducing greenhouse emissions, and improving the world around us,"
said Jack Pyros, president of
Momentum. "We look forward to introducing the Bollinger B4 mobile
charging vehicles to our fleet customers, ultimately helping them
create operational efficiency in an environmentally friendly
way."
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 MOMENTUM
The Momentum family of companies founded over 20 years ago is
backed by industry-leading expertise. The company services client
needs from vehicle ordering to financing options for purchase,
lease, or rent. Its comprehensive services include maintenance
management, fuel, and cutting-edge EV charging solutions, alongside
mobile EV charging and fleet vehicle remarketing.
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 Momentum Groups 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 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