via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the
“Company”), an electric vehicle (“EV”) manufacturer, announces
today its subsidiary, Bollinger Motors, has reached an agreement to
sell five all-electric Class 4 Bollinger B4 commercial trucks to
Spencer Manufacturing (“Spencer”), which will upfit the vehicles
into fire rescue trucks. The vehicle order is valued at
approximately $825,000.
Spencer Manufacturing is a specialty upfitter of rescue vehicles
and fire trucks, including ladder, pumper, tanker, and
grass/wildland trucks. The company has a national sales footprint
working primarily with municipal fire departments. Spencer
Manufacturing will take possession of the vehicles after Bollinger
Motors launches production in the second half of 2024.
Spencer uses its unique, patented Solid-Poly® process to deliver
emergency services vehicles that are corrosion free and high-impact
and damage resistant. The vehicles come with a lifetime warranty on
the substructure, body and tank, while featuring maximized water
and storage capabilities.
“We are impressed by the overall engineering of the Bollinger B4
and confident it will make an excellent emergency services
vehicle,” said Grant Spencer, president of Spencer Manufacturing.
“Our agreement with Bollinger Motors is another example of how we
can provide unique and innovative emergency vehicle solutions to
our customers.”
“We are excited to work with Spencer Manufacturing to use the
Bollinger B4 to keep communities safe,” said Jim Connelly, chief
revenue officer for Bollinger Motors. “Durability, reliability and
outstanding performance are critical for public safety vehicles and
we are proud that Spencer Manufacturing is putting its trust in the
Bollinger B4.”
The Bollinger B4 Chassis Cab is an all-new, battery-electric,
zero-emissions Class 4 commercial truck designed from the ground up
with extensive fleet and upfitter input. Bollinger’s unique chassis
design protects the 800-volt battery and components to offer
unparalleled capability, flexibility, performance and
serviceability in the commercial market. 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.
Bollinger Motors has reached several milestones in recent
months, including: receiving the Certificate of Conformity from the
Environmental Protection Agency; an 80-vehicle sale to Momentum
Groups; a 50-vehicle sale to EnviroCharge; the addition of Nacarato
Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto
Group as dealers and service centers; Our Next Energy in Novi,
Michigan, to supply battery packs; Roush Industries in Livonia,
Michigan, to manage vehicle assembly operations; Syncron as its
warranty administration partner; and Amerit Fleet Solutions as its
mobile service provider.
About Spencer ManufacturingFounded in 1986 in
South Haven, Michigan, Spencer Manufacturing is a privately held
family business providing specialty upfitting for emergency
services vehicles. The company works with municipalities throughout
the country to provide customized designs that fit the unique needs
of individual fire departments.
About Bollinger MotorsFounded 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 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.
About MullenMullen Automotive (NASDAQ: MULN) is
a Southern California-based automotive company building the next
generation of commercial electric vehicles (“EVs”) with two United
States-based vehicle plants located in Tunica, Mississippi,
(120,000 square feet) and Mishawaka, Indiana (650,000 square feet).
In August 2023, Mullen began commercial vehicle production in
Tunica. In September 2023, Mullen received IRS approval for federal
EV tax credits on its commercial vehicles with a Qualified
Manufacturer designation that offers eligible customers up to
$7,500 per vehicle. As of January 2024, both the Mullen ONE, a
Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis
truck, are California Air Resource Board (“CARB”) and EPA certified
and available for sale in the U.S. Recently, CARB issued HVIP
approval on the Mullen THREE, Class 3 EV truck, providing up to a
$45,000 cash voucher at time of vehicle purchase. The Company has
also recently expanded its commercial dealer network with the
addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck
Group, Range Truck Group and Eco Auto, providing sales and service
coverage in key Midwest, West Coast and Pacific Northwest and New
England markets. The Company also recently announced Foreign Trade
Zone (“FTZ”) status approval for its Tunica, Mississippi,
commercial vehicle manufacturing center. FTZ approval provides a
number of benefits, including deferment of duties owed and
elimination of duties on exported vehicles.
To learn more about the Company, visit www.MullenUSA.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 Mullen and are difficult to
predict. Examples of such risks and uncertainties include, but are
not limited to, the timing of completion and delivery of vehicles
contemplated by the Spencer Manufacturing order, and the continued
availability of governmental incentives for electric vehicle
purchases. 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.
SOURCE Bollinger Motors
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
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