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BOLLINGER MOTORS DELIVERS FIRST FIVE CUSTOMER-READY ALL-ELECTRIC TRUCKS TO NACARATO TRUCK CENTERS

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Bollinger Motors has delivered its first five customer-ready all-electric trucks to Nacarato Truck Centers in LaVergne, Tennessee. The delivery includes 2025 Bollinger B4 Chassis Cabs with a sales value of nearly $800,000, generating revenue for Bollinger Motors in the current quarter. Four vehicles will be sold to commercial fleet customers, while one will be used for Nacarato's internal parts deliveries.

The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed with fleet and upfitter input. It features a unique chassis design that protects the 158-kwh battery pack and components. The 2025 model has an MSRP of $158,758 and qualifies for a $40,000 federal clean vehicle tax credit under the Inflation Reduction Act.

Bollinger Motors ha consegnato i suoi primi cinque camion elettrici pronti per i clienti ai Nacarato Truck Centers a LaVergne, Tennessee. La consegna include Chassis Cabs 2025 Bollinger B4 con un valore di vendita di quasi $800.000, generando entrate per Bollinger Motors nel trimestre attuale. Quattro veicoli saranno venduti a clienti di flotte commerciali, mentre uno sarà utilizzato per le consegne interne di pezzi di ricambio di Nacarato.

Il Bollinger B4 Chassis Cab è un camion commerciale completamente nuovo e totalmente elettrico di Classe 4, progettato tenendo conto dei suggerimenti di flotte e allestitori. Dispone di un design del telaio unico che protegge il pacco batteria da 158 kWh e i componenti. Il modello 2025 ha un prezzo suggerito al pubblico di $158.758 e si qualifica per un credito d'imposta federale di $40.000 sui veicoli puliti ai sensi dell'Inflation Reduction Act.

Bollinger Motors ha entregado sus primeros cinco camiones totalmente eléctricos listos para clientes a Nacarato Truck Centers en LaVergne, Tennessee. La entrega incluye Chassis Cabs 2025 Bollinger B4 con un valor de venta de casi $800,000, generando ingresos para Bollinger Motors en el trimestre actual. Cuatro vehículos serán vendidos a clientes de flotas comerciales, mientras que uno será utilizado para las entregas internas de piezas de Nacarato.

El Bollinger B4 Chassis Cab es un camión comercial completamente nuevo y totalmente eléctrico de Clase 4, diseñado con la opinión de flotas y carroceros. Presenta un diseño de chasis único que protege el paquete de batería de 158 kWh y sus componentes. El modelo 2025 tiene un precio sugerido al público de $158,758 y califica para un crédito fiscal federal de $40,000 por vehículo limpio bajo la Ley de Reducción de Inflación.

볼링거 모터스는 테네시주 라베르그에 있는 나카라토 트럭 센터에 고객 준비가 완료된 전기 트럭 5대를 최초로 인도했습니다. 이번 인도에는 2025 볼링거 B4 섀시 캡이 포함되어 있으며, 판매 가치는 거의 $800,000에 달하여 볼링거 모터스의 현재 분기 수익을 발생시킵니다. 네 대의 차량은 상업용 플릿 고객에게 판매될 예정이며, 한 대는 나카라토의 내부 부품 배달에 사용될 것입니다.

볼링거 B4 섀시 캡은 플릿 및 업피터의 의견을 반영하여 설계된 완전한 전기 4등급 상업용 트럭입니다. 158kWh 배터리 팩과 구성 요소를 보호하는 독특한 섀시 디자인이 특징입니다. 2025 모델의 소비자 권장 가격은 $158,758이며, 인플레이션 감축 법안에 따라 $40,000의 연방 청정 차량 세액 공제를 받을 수 있습니다.

Bollinger Motors a livré ses cinq premiers camions entièrement électriques prêts pour les clients à Nacarato Truck Centers à LaVergne, Tennessee. La livraison comprend Chassis Cabs 2025 Bollinger B4 d'une valeur de vente de près de 800 000 $, générant des revenus pour Bollinger Motors au cours du trimestre en cours. Quatre véhicules seront vendus à des clients de flottes commerciales, tandis qu'un sera utilisé pour les livraisons internes de pièces de Nacarato.

Le Bollinger B4 Chassis Cab est un tout nouveau camion commercial 100 % électrique de Classe 4, conçu avec les retours des flottes et des carrossiers. Il dispose d'un design de châssis unique qui protège le pack de batterie de 158 kWh et les composants. Le modèle 2025 a un prix de vente conseillé de 158 758 $ et est éligible à un crédit d'impôt fédéral de 40 000 $ pour les véhicules propres selon la loi sur la réduction de l'inflation.

Bollinger Motors hat seine ersten fünf kundenbereiten vollelektrischen Trucks an Nacarato Truck Centers in LaVergne, Tennessee, ausgeliefert. Die Lieferung umfasst Chassis Cabs 2025 Bollinger B4 mit einem Verkaufswert von fast 800.000 $, was Einnahmen für Bollinger Motors im laufenden Quartal generiert. Vier Fahrzeuge werden an gewerbliche Flottenkunden verkauft, während eines für die internen Teilelieferungen von Nacarato genutzt wird.

Der Bollinger B4 Chassis Cab ist ein völlig neuer, vollelektrischer Lkw der Klasse 4, der unter Berücksichtigung der Anregungen von Flotten und Aufbauten entworfen wurde. Er zeichnet sich durch ein einzigartiges Chassis-Design aus, das den 158-kWh-Batteriepäck und die Komponenten schützt. Das Modell 2025 hat einen UVP von 158.758 $ und qualifiziert sich für einen Bundessteuergutschrift von 40.000 $ für saubere Fahrzeuge gemäß dem Inflation Reduction Act.

Positive
  • Delivery of first five customer-ready all-electric trucks, generating nearly $800,000 in sales value
  • Revenue from these vehicles to be recognized in the current quarter financials
  • Expansion of dealership network with Nacarato Truck Centers
  • Qualification for $40,000 federal clean vehicle tax credit per B4 chassis cab
  • Recent milestones including production launch, CARB certification, and FMVSS compliance
Negative
  • None.

Insights

The delivery of the first five Bollinger B4 electric trucks represents a significant milestone for Bollinger Motors, marking its entry into the commercial EV market. With a sales value of nearly $800,000 for these initial deliveries, the company is poised to recognize this revenue in the current quarter, which could positively impact its financial performance.

The B4 Chassis Cab's MSRP of $158,758 positions it as a premium offering in the commercial EV space. However, the $40,000 federal tax credit per vehicle under the Inflation Reduction Act significantly reduces the effective cost to buyers, potentially stimulating demand.

Bollinger's expanding dealership network and recent large fleet orders (145 vehicles to Momentum Group, 70 to Doering Fleet Management and 50 to EnviroCharge) indicate growing market traction. These developments, coupled with strategic partnerships for battery supply, warranty administration and mobile services, suggest a comprehensive approach to scaling operations and supporting product rollout.

While this news is positive for Bollinger Motors, investors should note that the company is still in its early stages of commercialization. The ability to ramp up production, manage costs and compete in the evolving commercial EV market will be important for long-term success.

The launch of Bollinger's B4 Chassis Cab marks a significant entry into the commercial EV sector, particularly in the Class 4 truck segment. The vehicle's design, featuring a protected 158-kWh battery pack, addresses key concerns of fleet operators regarding durability and safety in commercial applications.

Bollinger's approach of designing the B4 with extensive fleet and upfitter input demonstrates a customer-centric strategy, which could lead to better market fit and adoption. The company's achievement of CARB certification and FMVSS compliance, along with EPA's Certificate of Conformity, removes regulatory barriers to sales and operation across the United States.

The establishment of a nationwide dealership network, including partnerships with established truck dealerships like Nacarato Truck Centers and TEC Equipment, provides Bollinger with a robust sales and service infrastructure. This network is important for penetrating the commercial market and supporting fleet customers.

However, Bollinger faces competition from both established automakers and other EV startups in the commercial sector. Its success will depend on the B4's performance, reliability and total cost of ownership compared to both electric and traditional ICE alternatives in real-world fleet operations.

First Bollinger B4 delivery includes nearly $800,000 in sales value

Revenue from these vehicles to be recognized in current quarter financials

LAVERGNE, Tenn., Oct. 3, 2024 /PRNewswire/ -- Bollinger Motors, Inc. ("Bollinger Motors"), a commercial electric vehicle ("EV") manufacturer, announced today the first customer delivery of its 2025 Bollinger B4 Chassis Cab. Bollinger Motors delivered five Bollinger B4s to Nacarato Truck Centers LaVergne, Tennessee facility – generating revenue for the OEM based off a sales value of nearly $800,000.

Nacarato Truck Centers will sell four vehicles to commercial fleet customers and will use one vehicle for its own internal parts deliveries between its 13 locations throughout the East, Southeast and Midwest.

"This is another special day for Bollinger Motors as we continue our journey to become an electrification leader in the commercial fleet market," said Jim Connelly, chief revenue officer for Bollinger Motors. "Our nationwide dealership network is one of our core strengths and with partners like Nacarato Truck Centers, our customers' sales and service needs are in good hands. We are excited to see the B4 going to work on the streets of the Nashville area, and across the country."

The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 158-kwh battery pack and components to offer unparalleled capability and safety in the commercial market.

"Nacarato Truck Centers is thrilled to be the first dealership in the nation to receive Bollinger B4 all-electric trucks," said Sawyer Sparks, Bollinger Sales and Brand Manager for Nacarato Trucks. "This is a monumental moment not just for our company, but for the advancement of Tennessee clean fuels, as well."

The 2025 Bollinger B4 Chassis Cab will have a Manufacturers Suggested Retail Price (MSRP) of $158,758. In addition, Bollinger Motors qualified for federal clean vehicle tax credits under the Inflation Reduction Act of $40,000 per vehicle for the B4 chassis cab.

Bollinger Motors has passed numerous milestones in the past several months including its production launch on Sept. 16, CARB certification, FMVSS compliance, receiving the Certificate of Conformity from the Environmental Protection Agency: a 145-vehicle sale to Momentum Group; a 70-vehicle sale to Doering Fleet Management; a 50-vehicle sale to EnviroCharge; the addition of TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; Our Next Energy in Novi, Mich. to supply battery packs; providing a full warranty coverage of the B4 chassis cab; Syncron as its warranty administration partner; and Amerit Fleet Solutions as its mobile service provider.

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 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 Nacarato Truck Centers:

 Nacarato Truck Centers is a group of authorized Volvo Truck, TICO Terminal Tractor, Autocar, Dorsey, Strick, and used semi-truck dealerships and Service Centers serving the Tennessee, Virginia, Southern Kentucky, Maryland, Illinois, Florida and Georgia areas with 48 years in the trucking industry. Starting from a single dealership in Nashville, we have expanded to 13 rooftops with the same moral principles that the dealership was founded on.  In January 2024, Nacarato was acquired by Vanguard Truck Centers, who is based in Atlanta, GA.  With the combination of Vanguard's 29 rooftops and Nacarato's 13 rooftops, we are poised to service all of our customers across multiple markets throughout the Southwest, South, Southeast and Mid-Atlantic territories is the U.S.  For more information, visit www.nacaratotruckcenters.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 Doering Fleet Management, EnviroCharge, and Momentum Groups and deliver purchased vehicles on schedule; (b) Bollinger Motors' continued partnership with Affinity Truck Center, Nacarato Truck Centers, TEC Equipment, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; (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; (g) Nacarato Truck Centers' usage of Bolinger Motors B4s for sale or internal parts deliveries; and (h) Bollinger Motors reserves the right to edit the MSRP of the B4 at any time, as necessary.

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

FAQ

What is the sales value of the first five Bollinger B4 trucks delivered to Nacarato Truck Centers?

The sales value of the first five Bollinger B4 trucks delivered to Nacarato Truck Centers is nearly $800,000.

What is the MSRP of the 2025 Bollinger B4 Chassis Cab?

The Manufacturers Suggested Retail Price (MSRP) of the 2025 Bollinger B4 Chassis Cab is $158,758.

How much federal clean vehicle tax credit does the Bollinger B4 chassis cab qualify for?

The Bollinger B4 chassis cab qualifies for a federal clean vehicle tax credit of $40,000 per vehicle under the Inflation Reduction Act.

What is the battery capacity of the Bollinger B4 Chassis Cab?

The Bollinger B4 Chassis Cab features a 158-kwh battery pack.

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