Bollinger Innovations Secures EV Fleet Deal with FedEx Service Providers Across Mid-Atlantic Region

Bollinger Innovations (NASDAQ: BINI) has signed a significant agreement with Ariel Fleet Holdings for the deployment of 30 Mullen THREE EV trucks and four Mullen ONE EV cargo vans with FedEx Independent Service Providers. The vehicles will be distributed across Advanced Logistics Systems and Springbok Holdings, serving North Carolina, Virginia and the mid-Atlantic region.

The agreement represents a notable expansion of electric vehicle adoption in commercial delivery fleets, particularly in last-mile logistics operations. All vehicles in Bollinger's commercial EV lineup, including the Mullen ONE, Mullen THREE and Bollinger B4 Chassis Cab, are certified to meet U.S. federal safety standards, Environmental Protection Agency requirements and California Air Resources Board standards for clean transportation solutions.

This deployment with FedEx Independent Service Providers demonstrates the growing confidence in electric commercial vehicles for demanding delivery operations. The Mullen THREE, a Class 3 EV cab chassis truck, and the Mullen ONE, a Class 1 EV cargo van, are both available for sale in the U.S. market and represent Bollinger's commitment to providing practical electric alternatives to traditional combustion engine vehicles in the commercial sector.

Bollinger Innovations maintains a U.S.-based vehicle manufacturing facility located in Tunica, Mississippi, supporting domestic production of its commercial EV lineup. The company has established a commercial dealer network consisting of six dealers, including Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Randy Marion Auto Group. This network provides sales and service coverage in key West Coast, Midwest, Pacific Northwest and Mid-Atlantic markets.

The company's subsidiary, Bollinger Motors of Oak Park, Michigan, recently achieved significant milestones including the B4 Class 4 electric truck production launch on September 16, 2024. Bollinger Motors has developed a comprehensive dealer network with over 50 locations across the United States for sales and service support. Additional information about the company is available in their newsroom at https://ibn.fm/BINI.

This agreement with FedEx Independent Service Providers comes at a time when commercial fleets are increasingly transitioning to electric vehicles to meet sustainability goals and reduce operating costs. The deployment across multiple states in the mid-Atlantic region indicates the scalability of electric vehicle solutions for logistics operations and represents a meaningful step toward broader electrification of commercial transportation networks.