Mullen Automotive's Bollinger Motors Delivers First B4 All-Electric Trucks to Nacarato Truck Centers

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle manufacturer, has announced a significant milestone in its commercial EV strategy. The company's subsidiary, Bollinger Motors, has successfully delivered five Bollinger B4 Chassis Cabs to Nacarato Truck Centers in LaVergne, Tennessee, valued at $800,000. This delivery marks Nacarato Truck Centers as the first dealership in the United States to receive the B4 all-electric trucks.

The transaction, completed with full payment on September 30, 2024, represents a crucial step in the adoption of electric vehicles in the commercial sector. Nacarato Truck Centers plans to sell four of the vehicles to commercial fleet customers, while utilizing one for its own internal parts deliveries across its 13 locations. This dual-purpose deployment demonstrates the versatility and practicality of the B4 chassis in various commercial applications.

Sawyer Sparks, Bollinger Sales and Brand Manager for Nacarato Trucks, emphasized the significance of this delivery, stating it is "a monumental moment not just for our company, but for the advancement of Tennessee clean fuels, as well." This sentiment underscores the broader implications of this transaction for the electric vehicle industry and environmental sustainability efforts in the region.

The delivery of these B4 all-electric trucks aligns with Mullen Automotive's recent expansion in the commercial EV sector. The company has been rapidly developing its production capabilities and dealer network, with manufacturing facilities in Tunica, Mississippi, and Mishawaka, Indiana. Mullen has also secured important certifications and approvals, including CARB and EPA certifications for its Mullen ONE and Mullen THREE models, as well as IRS approval for federal EV tax credits of up to $7,500 per vehicle.

This development is particularly noteworthy as it demonstrates the growing market readiness for commercial electric vehicles. As businesses increasingly seek sustainable transportation solutions, the successful delivery and deployment of these B4 trucks could serve as a catalyst for wider adoption in the commercial sector. It also positions Mullen Automotive and its Bollinger Motors subsidiary as key players in the transition to electric commercial fleets, potentially influencing industry trends and future vehicle development.