Curated News
By: NewsRamp Editorial Staff
December 03, 2024

Mullen Automotive Announces Follow-On Order for All-Electric Bollinger B4 Trucks

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Source News Release

TLDR

  • 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.

Impact - Why it Matters

This news matters as it highlights the growing demand for all-electric commercial vehicles and the expansion of Mullen Automotive's presence in the EV market. It also showcases the company's commitment to safety, efficiency, and environmental sustainability, which could have a significant impact on the future of the automotive industry.

Summary

Mullen Automotive (NASDAQ: MULN) announced a follow-on order from TEC Equipment for seven all-electric 2025 Bollinger B4 trucks, with revenue recognized in the current fiscal quarter. This order builds on TEC’s initial purchase of three B4 trucks in October 2024, with deliveries planned across California, Oregon, and Washington. The Class 4 B4 truck, featuring a 185-mile range and 7,394-pound payload, is designed for commercial fleets with a focus on safety and efficiency, qualifying for substantial federal and state tax incentives. Bollinger Motors has recently achieved key milestones, including EPA and CARB certifications, production launch, and agreements with major fleet operators and dealers, solidifying its position in the commercial EV market. For more information about the company, visit www.MullenUSA.com.

Source Statement

This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Mullen Automotive Announces Follow-On Order for All-Electric Bollinger B4 Trucks

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