Bollinger
B4 Class Becomes First Medium Duty Electric Truck from
Doering Fleet Management
OAK
PARK, Mich., July 15,
2024 /PRNewswire/ -- Bollinger Motors, Inc.,
an electric commercial vehicle ("EV") manufacturer, today announced
it has reached an agreement to sell 70 all-electric Class 4
Bollinger B4 commercial trucks to Doering Fleet Management, one of
the nation's premier fleet management companies.
"Our agreement with Doering Fleet Management is another
important step forward for Bollinger Motors," said Jim Connelly, chief revenue officer of Bollinger
Motors. "Doering is one of the top names in the fleet management
world and we are honored to have the Bollinger B4 become an environmentally
friendly fleet option for their customers across the country."
Doering has built its reputation over three decades through
outstanding customer service and by matching their customers with
the right vehicles for their unique business needs. The
Bollinger B4 will be the first
medium duty, all-electric truck offered by Doering.
"The Bollinger B4 is an
innovative, world-class electric truck with outstanding performance
and capability, and Bollinger Motors shares our commitment to
outstanding customer service," said Adam
Berger, president of Doering Fleet Management. "For our
customers seeking a medium duty electric truck the Bollinger B4 will be a great option to meet
their needs. We look forward to bringing the B4 into our suite of
offerings."
The Bollinger B4 Chassis Cab is
an all-new, battery electric Class 4 commercial truck designed from
the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the
800V 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; a five-vehicle sale with
Spencer Manufacturing; 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.
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.
ABOUT DOERING FLEET MANAGEMENT
Doering Fleet Management is a national fleet management provider
serving clients across the USA
through offices nationwide. Doering has a unique value
proposition focused on career professionals driving long-term
relationships with clients. Doering does not seek to be the
largest, but rather focuses on being the best fleet management
provider clients choose.
Doering operates TESlease (Transportation, Electric,
Sustainable) an EV fleet leasing business since 2015 and
DreamLease, an exotic vehicle leasing division. Doering also has a
robust government and municipal fleet management group based in
Orlando, FL.
More information is available at:
https://www.doeringfleetmanagement.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, Spencer Manufacturing, Momentum Group,
and EnviroCharge and deliver purchased vehicles on schedule; (b)
the continued availability and support for federal commercial
vehicle purchasing incentives under the Inflation Reduction Act of
2022; (c) Bollinger Motors' continued partnership with Nacarato
Truck Centers, Nuss Truck & Equipment, and LaFontaine
Automotive Group; (d) Bollinger Motors' continued partnership with
Our Next Energy as a battery supplier; (e) Bollinger Motors'
continued partnership with Roush Industries as a contract
manufacturer; (f) Bollinger Motors' continued relationship with
Syncron as its warranty administration provider; and (g) Bollinger
Motors' continued relationship with Amerit Fleet Solutions as its
mobile service provider.
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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