Mullen Automotive Secures Follow-On Order for Bollinger B4 Electric Trucks
TL;DR
TEC Equipment gains advantage with a follow-on order of seven all-electric 2025 Bollinger B4 trucks, expanding its commercial fleet capabilities and revenue potential.
The Class 4 B4 truck with a 185-mile range and 7,394-pound payload is designed for commercial fleets, qualifying for substantial tax incentives and appealing to safety and efficiency.
The use of all-electric commercial vehicles like the Bollinger B4 trucks contributes to a cleaner environment and supports the shift towards sustainable transportation, making tomorrow better than today.
Achievements such as EPA and CARB certifications, production launch, and major fleet operator agreements demonstrate the rapid growth and success of Bollinger Motors in the commercial EV market.
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Mullen Automotive (NASDAQ: MULN) has announced a significant follow-on order for its all-electric 2025 Bollinger B4 trucks, marking a notable advancement in the commercial electric vehicle (EV) sector. TEC Equipment, which previously purchased three B4 trucks in October 2024, has placed an additional order for seven units, with deliveries planned across California, Oregon, and Washington.
This new order, which Mullen has recognized as revenue in the current fiscal quarter, underscores the growing demand for electric commercial vehicles and validates Mullen's strategy in the EV market. The Class 4 B4 truck, boasting a 185-mile range and a 7,394-pound payload capacity, is specifically designed to meet the needs of commercial fleets, emphasizing safety and efficiency.
The Bollinger B4's specifications make it an attractive option for businesses looking to transition to electric fleets, particularly given its eligibility for substantial federal and state tax incentives. This financial advantage, coupled with the vehicle's performance capabilities, positions Mullen Automotive favorably in the competitive EV landscape.
Bollinger Motors, a subsidiary of Mullen, has recently achieved several critical milestones that strengthen its market position. These include obtaining EPA and CARB certifications, launching production, and securing agreements with major fleet operators and dealers. Such developments are crucial for establishing credibility and expanding market share in the rapidly evolving commercial EV sector.
The expansion of Mullen's commercial dealer network to seven dealers, including the recent addition of Papé Kenworth, enhances the company's sales and service coverage across key U.S. markets. This broader distribution network is essential for scaling operations and meeting the increasing demand for electric commercial vehicles.
Furthermore, Mullen's Foreign Trade Zone (FTZ) status approval for its Tunica, Mississippi manufacturing center offers significant financial benefits, including duty deferment and elimination on exported vehicles. This strategic advantage could enhance Mullen's competitiveness in both domestic and international markets.
As the commercial EV market continues to expand, Mullen Automotive's recent order and ongoing developments indicate its growing role in the industry's transition to sustainable transportation solutions. The company's progress in production, certifications, and market expansion suggests a strengthening position in the evolving landscape of electric commercial vehicles.
Curated from InvestorBrandNetwork (IBN)
