Mullen Automotive Secures Follow-On Order for Bollinger B4 Electric Trucks

The revenue from this new order will be recognized in the current fiscal quarter, providing an immediate financial boost to Mullen Automotive. The B4 trucks are slated for delivery across California, Oregon, and Washington, expanding Mullen’s presence in key West Coast markets.

The Class 4 B4 truck is a testament to Mullen’s commitment to innovation in the commercial EV sector. With a impressive 185-mile range and a substantial 7,394-pound payload capacity, the B4 is designed to meet the demanding needs of commercial fleets. The truck’s focus on safety and efficiency makes it an attractive option for businesses looking to transition to electric vehicles while maintaining operational effectiveness.

One of the key advantages of the Bollinger B4 is its eligibility for significant federal and state tax incentives. These financial benefits can substantially reduce the total cost of ownership for fleet operators, potentially accelerating the adoption of electric vehicles in the commercial sector.

Bollinger Motors, a subsidiary of Mullen Automotive, has recently achieved several crucial milestones that underscore the company’s progress in the EV market. The B4 truck has received both EPA and CARB certifications, critical approvals that validate the vehicle’s environmental credentials and allow for its sale in stringent regulatory environments like California.

The launch of production for the B4 truck marks another significant step forward for Mullen Automotive. This milestone transitions the company from development to active manufacturing, positioning it to meet the growing demand for electric commercial vehicles.

Furthermore, Mullen has secured agreements with major fleet operators and dealers, including the expansion of its commercial dealer network to seven dealers. The addition of Papé Kenworth to this network, alongside previously announced partnerships with Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, provides Mullen with a robust sales and service infrastructure across key U.S. markets.

The company’s strategic positioning is further enhanced by the recent approval of Foreign Trade Zone (FTZ) status for its Tunica, Mississippi, manufacturing center. This designation offers Mullen significant benefits, including the deferment of duties owed and the elimination of duties on exported vehicles, potentially improving the company’s cost structure and international competitiveness.

As the commercial EV market continues to evolve, Mullen Automotive’s progress with the Bollinger B4 and its expanding network of partnerships position the company as a notable player in the industry. The follow-on order from TEC Equipment not only provides immediate revenue but also serves as a vote of confidence in Mullen’s products and strategy.

For investors and industry observers, this development signals Mullen’s growing traction in the commercial EV space and its potential for future growth. As more businesses seek to electrify their fleets in response to environmental concerns and potential cost savings, companies like Mullen Automotive stand to benefit from this shifting landscape in transportation.