Under HVIP, the Bollinger B4 electric truck, with a suggested
MSRP of $158,758, now qualifies for a
rebate of up to $60,000
When combined with the available
$40,000 federal tax credit, the net
effective cost of the Bollinger B4
would be less than $60,000
OAK
PARK, Mich., Nov. 18,
2024 /PRNewswire/ -- Bollinger Motors, Inc.
("Bollinger Motors"), a commercial electric vehicle ("EV")
manufacturer, announced today it has qualified for the Hybrid and
Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), the
California state incentive for
commercial EVs. When combined with Inflation Reduction Act
incentives, California-based
customers can now qualify for incentives up to $100,000.00 per vehicle.
"HVIP certification is another important milestone in our
journey to grow our commercial truck electric vehicle market
share," said Jim Connelly, chief
revenue officer of Bollinger Motors. "California has taken a leadership role in
creating a market for commercial electric vehicles and will be a
critical market for the B4. California and Bollinger Motors share a vision
for more sustainable transportation options."
HVIP provides point-of-sale incentives for clean trucks and
buses to power California
communities and drive commercial technology transformation. To
date, the program has funded more than 12,000 clean vehicle
purchases.
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. The vehicle has
a range of 185 miles, and a payload of 7,394 lbs. Bollinger's unique Quad-Bend chassis design
protects the 158-kwh battery pack and components to offer
unparalleled capability and safety in the commercial market. The
Bollinger B4 is an excellent fit
for commercial fleets looking for a world-class truck, capable of
performing a variety of job functions.
Bollinger Motors has passed numerous milestones in the past
several months, including:
- Production launch on Sept.
16;
- Regulatory achievements including FMVSS compliance, receiving
the Certificate of Conformity from the Environmental Protection
Agency, and CARB certification;
- An agreement for 145-vehicles to Momentum Group;
- An agreement for 70-vehicles to Doering Fleet Management;
- An agreement for 50-vehicles to EnviroCharge;
- The addition of Anderson Motors, TEC Equipment, Affinity Truck
Center, Nacarato Truck Centers, Nuss
Truck & Equipment, and LaFontaine Automotive Group as
dealers and service centers;
- Working with Our Next Energy in Novi,
Michigan, to supply battery packs;
- Providing full warranty coverage of the B4 chassis cab;
and,
- Announcing Syncron as its warranty administration partner and
Amerit Fleet Solutions as its mobile service provider.
About Bollinger Motors:
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc.
is a U.S.-based company headquartered in Oak Park,
Michigan. Bollinger Motors is developing all-electric
commercial chassis cab trucks, Classes 4-6. In September of 2022,
Bollinger Motors became a majority-owned company of Mullen
Automotive, Inc. (NASDAQ: MULN). Learn more
at www.BollingerMotors.com and www.MullenUSA.com.
FORWARD-LOOKING STATEMENT
Certain statements in this press release that are not historical
facts are forward-looking statements within the meaning of Section
27A of the Securities Exchange Act of 1934, as amended. Any
statements contained in this press release that are not statements
of historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Bollinger Motors and are difficult
to predict. Examples of such risks and uncertainties include: (a)
Bollinger Motors' ability to finalize a sales agreement with
Doering Fleet Management, EnviroCharge, and Momentum Groups and
deliver purchased vehicles on schedule; (b) Bollinger Motors'
continued partnership with Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine
Automotive Group as dealers and service centers; (c) Bollinger
Motors' continued partnership with Our Next Energy as a battery
supplier; (d) Bollinger Motors' continued partnership with Roush
Industries as a contract manufacturer; (e) Bollinger Motors'
continued relationship with Syncron as its warranty administration
provider; and (f) Bollinger Motors' continued relationship with
Amerit Fleet Solutions as its mobile service provider.
Additional examples of such risks and uncertainties include but
are not limited to: (i) Bollinger Motors' ability (or inability) to
obtain additional financing in sufficient amounts or on acceptable
terms when needed; (ii) Bollinger Motors' ability to maintain
existing, and secure additional, contracts with manufacturers,
parts and other service providers relating to its business; (iii)
Bollinger Motors' ability to successfully expand in existing
markets and enter new markets; (iv) Bollinger Motors' ability to
successfully manage and integrate any acquisitions of businesses,
solutions or technologies; (v) unanticipated operating costs,
transaction costs and actual or contingent liabilities; (vi) the
ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition on
Bollinger Motors' business; (viii) changes in government licensing
and regulation that may adversely affect Bollinger Motors'
business; (ix) the risk that changes in consumer behavior could
adversely affect Bollinger Motors' business; (x) Bollinger Motors'
ability to protect its intellectual property; (xi) the vehicles
developed will perform as expected and (xii) local, industry and
general business and economic conditions. Additional factors that
could cause actual results to differ materially from those
expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on
Form 10-Q, and current reports on Form 8-K filed by Mullen
Automotive, Inc., of which Bollinger Motors is a partially owned
subsidiary, with the Securities and Exchange Commission. Bollinger
Motors anticipates that subsequent events and developments may
cause its plans, intentions, and expectations to change. Bollinger
Motors assumes no obligation, and it specifically disclaims any
intention or obligation, to update any forward-looking statements,
whether because of new information, future events, or otherwise,
except as expressly required by law. Forward-looking statements
speak only as of the date they are made and should not be relied
upon as representing Bollinger Motors' plans and expectations as of
any subsequent date.
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SOURCE Bollinger Motors
