In a move that could accelerate the adoption of electric vehicles (EVs) across multiple industries, Mullen Automotive (NASDAQ: MULN) has announced that its subsidiary, Bollinger Motors, has entered into a partnership agreement with Texas Consulting & Development LLC (TCD). This collaboration aims to introduce Bollinger’s B4 Class 4 trucks into TCD’s new bundled service offering for ports and related industries, while also expanding sales across commercial, industrial, telecom, and utility sectors.
The partnership represents a significant development in the commercial EV market, as it combines Bollinger’s innovative electric truck technology with TCD’s expertise in microgrid and virtual power-plant solutions. This synergy is expected to provide a comprehensive clean-energy strategy for businesses looking to reduce their carbon footprint and electrify their vehicle fleets.
Jim Connelly, Chief Revenue Officer of Bollinger Motors, emphasized the importance of this collaboration, stating, ‘The partnership provides another opportunity for the Bollinger B4 to help companies from a wide variety of industries electrify their vehicle fleets as TCD helps their clients develop solutions for overall clean-energy strategies.’ This statement underscores the potential for widespread impact across various sectors as businesses seek to transition to more sustainable operations.
Bollinger Motors, a U.S.-based company headquartered in Michigan, became a majority-owned subsidiary of Mullen Automotive in 2022. The company specializes in developing all-electric commercial chassis cab trucks for Classes 4-6, positioning itself at the forefront of the commercial EV revolution. This partnership with TCD is expected to leverage Bollinger’s expertise in EV manufacturing and TCD’s client base to accelerate the adoption of electric commercial vehicles.
The implications of this partnership extend beyond the immediate benefits for Mullen and TCD. As more industries explore ways to reduce their environmental impact, the availability of electric commercial vehicles coupled with comprehensive energy solutions could drive significant changes in how businesses approach their transportation and energy needs. This could lead to reduced emissions, lower operating costs, and improved energy efficiency across various sectors.
Mullen Automotive’s broader strategy in the EV market is also noteworthy. The company has been making strides in commercial vehicle production, with operations in Tunica, Mississippi, and Mishawaka, Indiana. In August 2023, Mullen began commercial vehicle production in Tunica, and by September, it had received IRS approval for federal EV tax credits on its commercial vehicles, offering eligible customers up to $7,500 per vehicle.
Furthermore, Mullen has achieved important milestones with its vehicles. Both the Mullen One, a Class 1 EV cargo van, and Mullen Three, a Class 3 EV cab chassis truck, have received California Air Resource Board (CARB) and EPA certification, making them available for sale in the United States. The Mullen Three has also been approved for the Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (HVIP), providing up to a $45,000 cash voucher at the time of vehicle purchase.
The company’s expansion of its commercial dealer network and the recent approval for Foreign Trade Zone (FTZ) status for its Tunica manufacturing center further demonstrate Mullen’s commitment to growing its presence in the commercial EV market. These developments, combined with the new partnership between Bollinger and TCD, position Mullen Automotive as a key player in the transition to electric commercial vehicles.
As the automotive industry continues to evolve towards electrification, partnerships like the one between Bollinger Motors and TCD are likely to play a crucial role in accelerating adoption and overcoming barriers to entry for businesses considering the switch to electric fleets. This collaboration could serve as a model for future initiatives aimed at integrating EVs into broader energy and sustainability strategies across various industries.
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