Bollinger Motors: A Milestone in Electric Commercial Vehicles

Bollinger Motors, a subsidiary of Mullen Automotive, has reached a significant milestone with the delivery of its first B4 electric trucks to Nacarato Truck Centers. This achievement not only marks a crucial step in the company's growth but also highlights the growing demand for electric commercial vehicles (EVs) in the market.

The delivery of five B4 trucks generated $800,000 in revenue, recognized for the three months ended September 30, 2024. Nacarato Truck Centers will sell four vehicles to commercial fleet customers and use one for internal parts deliveries. This first customer delivery is a testament to the growing interest in electric commercial vehicles and the potential market demand for the B4 Chassis Cab.

The B4 Chassis Cab, an all-electric Class 4 commercial truck, is equipped with a 158-kilowatt-hour battery pack. It has a Manufacturers Suggested Retail Price (MSRP) of $158,758 and qualifies for a $40,000 federal tax credit under the Inflation Reduction Act. This tax credit significantly enhances the affordability of the B4 Chassis Cab, making it an attractive option for commercial fleet customers seeking to transition to electric vehicles.

The expansion of Bollinger Motors' dealership network with the addition of new dealers and service centers further strengthens the company's sales strategy and future revenue growth. By increasing its presence in the market, Bollinger Motors can better serve its customers and capture a larger share of the electric commercial vehicle segment.

The first customer delivery of the B4 electric trucks not only contributes to Bollinger Motors' quarterly and annual financial projections but also solidifies its brand reputation and market position in the electric commercial vehicle segment. As the demand for sustainable and efficient commercial vehicles continues to grow, Bollinger Motors is well-positioned to capitalize on this trend and become a leading player in the industry.

In conclusion, the delivery of the first B4 electric trucks by Bollinger Motors is a significant milestone in the company's history and a clear indication of the growing demand for electric commercial vehicles. With its competitive pricing, federal tax credit, and expanding dealership network, Bollinger Motors is poised for success in the electric commercial vehicle market.