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
