Bollinger Innovations Secures $1.07 Million in Commercial EV Sales to Multiple Truck Groups
TL;DR
Bollinger Innovations gains a competitive edge with a $1 million EV order from major truck groups, demonstrating strong market demand and efficient sales restructuring.
Bollinger Motors sold 30 commercial EVs including Class 1 vans, Class 3 utility trucks, and Class 4 B4 trucks, with full payment received from DB Schenker.
Bollinger's electric vehicle sales reduce emissions and advance sustainable transportation, contributing to a cleaner environment and better future for communities.
Bollinger Innovations just sold 30 electric trucks worth over $1 million, showcasing growing adoption of commercial EVs in the transportation industry.
Found this article helpful?
Share it with your network and spread the knowledge!
Bollinger Innovations, Inc. (NASDAQ: BINI) has announced significant commercial electric vehicle sales totaling $1,074,035 to multiple truck groups, signaling strong market demand for its certified EV lineup. The sales include 30 commercial EVs sold to Ziegler Truck Group, Range Truck Group, DB Schenker and Larsen Enterprises, comprising 20 Class 1 urban delivery vans, six Class 3 utility trucks and four Class 4 all-electric Bollinger B4 trucks.
Full payment has been received from DB Schenker, with additional payments expected by September 30, 2025. Company executives emphasized that recent restructuring efforts have enabled the sales team to achieve these results through a more efficient, lower-cost operational model. The sales demonstrate the growing acceptance of commercial electric vehicles in key market segments and validate Bollinger's position in the evolving EV landscape.
Bollinger Motors, the established EV truck company of Bollinger Innovations, recently launched production of its B4 Class 4 electric truck on September 16, 2024. The company has developed a comprehensive dealer network with over 50 locations across the United States for sales and service support. Additional information about the company's developments is available at https://ibn.fm/BINI.
The Southern California-based automotive company operates a U.S. manufacturing facility in Tunica, Mississippi, where it produces the next generation of commercial electric vehicles. Both the ONE (Class 1 EV cargo van) and THREE (Class 3 EV cab chassis truck) are currently available for sale in the U.S. market through the company's commercial dealer network.
This $1.07 million sales achievement comes at a time when the commercial EV sector is experiencing increased adoption across various industries. The transaction with multiple established truck groups indicates growing confidence in Bollinger's technology and manufacturing capabilities. The company's ability to secure full payment from DB Schenker and establish payment timelines with other partners reflects strong business relationships and financial stability in the competitive electric vehicle market.
Curated from InvestorBrandNetwork (IBN)
