Mullen News: Bollinger Sales/Leadership & MOR-EV

In Mullen News are Bollinger sales, Bollinger new management and MOR-EV vouchers for Mullen ONE-EV.

Bollinger Sells 70 Class 4 B4 to Doering Fleets

Bollinger Motors, Inc., an electric commercial vehicle (“EV”) manufacturer, 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.

Mass Approval for Mullen MOR-EV Vouchers

Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Massachusetts Executive Office of Energy and Environmental Affairs’ Department of Energy Resources (“DOER”) has approved the Company’s all-electric Class 1 cargo van, the 2024 Mullen ONE, for up to $3,500 cash voucher under its MOR-EV program.

Managed by the Executive Office of Energy and Environmental Affairs’ Department of Energy Resources and administered statewide by the Center for Sustainable Energy (CSE),  MOR-EV is dedicated to making electric vehicles more affordable for Massachusetts residents, businesses and non-profit organizations to help achieve clean transportation goals and reduce greenhouse gas emissions and provide more equitable access to EVs. MOR-EV Trucks incentivizes purchases and leases of a variety of medium- and heavy-duty battery electric and fuel cell electric trucks, buses and vans. Rebates apply to both individual and fleet acquisitions.

Under MOR-EV, the 2024 Mullen ONE EV cargo van, with a suggested MSRP of $34,500, now qualifies for up to $3,500 cash voucher. When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ONE would be approximately $23,500.

“Both the Mullen ONE and THREE are now eligible for the MOR-EV rebate, making our Commercial EVs even more affordable for Massachusetts businesses,” said David Michery, CEO and chairman of Mullen Automotive. “We’re committed to making Mullen Commercial EVs accessible nationwide and securing state-level incentives like the MOR-EV program is a key part of this strategy.”

The Mullen THREE and Mullen ONE are available for purchase in Massachusetts through its recently announced New England area EV dealer, Eco Auto, based north of Boston in Tewksbury, Massachusetts.

The Mullen THREE was also qualified last month for a $15,000 incentive through the State of Massachusetts MOR-EV program and is now in receipt of California Air Resources Board (“CARB”) approval for both 2024 and 2025 Class 3 model years. Massachusetts is a CARB-approved state with a similar program to California’s Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (“HVIP”), which in April approved the Mullen THREE for a $45,000 HVIP cash rebate voucher at time of vehicle purchase.

Mullen’s commercial EV lineup includes the Mullen ONE, Class 1 EV cargo van, and the Mullen THREE, Class 3 EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and CARB certifications denoting strict adherence to clean air emissions standards.

About MOR-EV
MOR-EV is dedicated to making electric vehicles (EVs) more affordable for Massachusetts residents, businesses and non-profit organizations to help achieve clean transportation goals and reduce greenhouse gas emissions and provide more equitable access to EVs. The program is funded by the Executive Office of Energy and Environmental Affairs’ Department of Energy Resources (DOER) and administered statewide by the Center for Sustainable Energy (CSE).

About Mullen
Mullen 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.

New Bollinger CEO James Taylor

Bollinger Motors,  announced it has named former GM executive James Taylor as CEO. He will take over for company founder Robert Bollinger, who will remain on the company’s Board of Directors and a major shareholder.

In addition, the company promoted Bryan Chambers to President and Chief Operating Officer and Siva Kumar to Chief Strategy Officer and Senior Vice President of Finance.

“The leadership changes position Bollinger Motors for continued success, as these three executives have, and will continue to have, a profound impact on our trajectory,” Bollinger said. “I have benefitted from my collaboration with Jim and his deep industry experience. Now is the right time, and Jim is the right person, to build on our momentum and get Bollinger to its ultimate goal.”

Taylor has worked closely with Robert Bollinger to bring the company’s all-electric Bollinger B4 Class 4 Chassis Cab to market. Taylor is a veteran automotive executive who has held leadership positions with Cadillac and Hummer, and has deep electric vehicle experience with Electric Last Mile Solutions, Workhorse, Karma, SF Motors and Mullen Automotive for the last two years.