In Mullen news are Bollinger Motors CARB certification, new dealers and stock reverse split.
CARB Certification of B4
Bollinger Motors, Inc. (“Bollinger Motors”), a commercial electric vehicle (“EV”) manufacturer, announced it achieved certification from the California Air Resources Board (“CARB”) for the company’s all-electric Bollinger B4 Class 4 trucks.
The CARB certification is a requirement to sell vehicles in the CARB-compliant states of California, Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and the District of Columbia. All CARB states and locations have adopted vehicle standards under Section 177 of the Clean Air Act (42 U.S.C. §7507), which requires additional approvals beyond Environmental Protection Agency regulations.
CARB certification provides a path for Bollinger Motors’ customers to qualify for additional state incentives, such as California’s HVIP project (“HVIP”). When combined with the B4’s $40,000 IRS rebate, HVIP can offer a rebate of up to $60,000, adding up to $100,000 in combined total savings.
Bollinger Motors will begin production of the B4 on September 16, 2024, with customer deliveries to begin in October.
“The CARB certification represents an important milestone in our mission to bring a world-class electric vehicle to market,” said Bollinger Motors President and Chief Operating Officer Bryan Chambers. “Environmental requirements are critical to meeting customer expectations and providing sale-ready vehicles. With this important accomplishment, the B4 is one step closer to electrifying vehicle fleets from coast-to-coast.”
The CARB certification is among a long list of Bollinger Motors’ milestones in recent months including: receiving the Certificate of Conformity from the Environmental Protection Agency; providing full warranty coverage of the B4 chassis cab; 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; adding Our Next Energy in Novi, Mich. to supply battery packs; teaming up with Syncron as its warranty administration partner; and adding Amerit Fleet Solutions as its mobile service provider.
Bollinger to Supply Texas Consulting
Bollinger Motors, Inc., a commercial electric vehicle (“EV”) manufacturer, today announced it has reached an agreement to partner with Texas Consulting & Development LLC (TCD) to supply Bollinger B4 Class 4 trucks as part of TCD’s new, bundled service offering to ports and other related industries. The agreement strengthens TCD’s vehicle portfolio and enhances the company’s Vehicle-to-Grid (V2G) and Vehicle-to-Building (V2B) technology offerings.
In addition, TCD will leverage the Bollinger B4 electric truck to stimulate sales across the Commercial & Industrial (C&I), Telecom, and Utility sectors. This strategic move is expected to enhance market penetration and provide comprehensive solutions to a broader range of industries for Bollinger Motors.
“The partnership provides another opportunity for the Bollinger B4 to help companies from a wide variety of industries electrify their vehicle fleets as TCD helps their clients develop solutions for overall clean energy strategies,” said Jim Connelly, chief revenue officer of Bollinger Motors. “TCD is a leader in helping companies reduce their overall carbon footprint, and we’re glad that they have chosen to make the B4 an important element of those efforts.”
Both companies share a commitment to leveraging electrification technology to create operational efficiencies while reducing carbon footprints across multiple industries.
“We’re excited about adding Bollinger Motors’ innovative B4 truck to our suite of solutions. This partnership uniquely positions Bollinger Motors’ commercial trucks with our comprehensive fleet infrastructure charging options that simplify and optimize the integration of EV fleet vehicles,” stated Steven Villarreal, managing partner of Texas Consulting & Development, LLC. “This collaboration makes sense in terms of addressing the future of EV and its aggregated potential for edge energy production – a much-needed solution for grid providers across the U.S.”
The agreement with TCD follows a series of Bollinger Motors’ milestones in recent months including the start of production on the Bollinger B4; providing full warranty coverage of the B4 chassis cab; 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 to 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; and Amerit Fleet Solutions as its mobile service provider.
In addition, Bollinger Motors recently qualified for federal clean vehicle tax credits under the Inflation Reduction Act of $40,000 per vehicle for the B4 chassis cab.
Affinity Truck to Sell Bollinger Vehicles
Bollinger Motors, Inc. (“Bollinger Motors”), a commercial electric vehicle (“EV”) manufacturer, has named Affinity Truck Center as an official Bollinger Motors dealer, with sales locations in Bakersfield, and Fresno, California, and service locations in Paso Robles, and Salinas, California. Affinity Truck Center is a California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) certified dealership.
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. The company begins serial production of the B4 on September 16, and will begin delivering vehicles to customers in October 2024.
“The addition of Affinity Truck Center gives Bollinger Motors a strong foothold in California’s Central Valley,” said Jim Connelly, chief revenue officer for Bollinger Motors. “Affinity has a rich history providing a variety of transportation options and is well positioned to help our team bring electrification and customer support to this critical market.”
Affinity is a family-owned business founded in 1980, with headquarters in the heart of California’s Central Valley. The company sells and supports a variety of leading trucking brands and provides industry leading support for sales, service and financing.
“We look forward to bringing the Bollinger B4 to our customers from our Bakersfield and Fresno locations,” said Kim Mesfin, Affinity president. “We share Bollinger Motors’ bold vision for creating electric vehicle options in the fleet space and are excited to help improve the valley’s air quality with these electric trucks.”
The addition of Affinity Truck Center follows a series of Bollinger Motors’ milestones in recent months including the addition of TEC Equipment to Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; providing full warranty coverage of the B4 chassis cab; 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; Our Next Energy in Novi, Mich. to supply battery packs; and Amerit Fleet Solutions as its mobile service provider.
Mullen Reverse Stock Split on 9/17
Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Sept. 17, 2024, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on Sept. 17, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P505.
The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.