Mullen's Bollinger Motors Delivers First B4 Electric Trucks, Expanding West Coast Presence

Mullen Automotive (NASDAQ: MULN) has taken a significant step forward in the electric vehicle (EV) commercial truck market with the delivery of three Bollinger B4 electric trucks to TEC Equipment locations across Washington and California. This move marks the expansion of Mullen's subsidiary, Bollinger Motors, into the West Coast market and represents a crucial milestone in the company's growth strategy.

The 2025 Bollinger B4, an all-electric Class 4 chassis cab truck designed for commercial use, is at the forefront of fleet electrification efforts. These initial deliveries to TEC Equipment, a new dealer for Bollinger, are expected to make a substantial contribution to Mullen's fiscal quarter ending December 2024, highlighting the financial importance of this development.

The B4 model's eligibility for up to $100,000 in federal and state tax incentives further strengthens Bollinger's position in the competitive EV commercial truck market. This financial incentive is likely to accelerate adoption among fleet operators looking to transition to more sustainable transportation solutions while managing costs.

This development comes on the heels of recent production and regulatory milestones for Mullen Automotive. The company has been rapidly expanding its commercial presence, with the addition of TEC Equipment bringing its dealer network to seven. This growing network, which includes dealers like Pritchard EV and National Auto Fleet Group, provides Mullen with enhanced sales and service coverage in key markets across the Midwest, West Coast, Pacific Northwest, New England, and Mid-Atlantic regions.

The delivery of the Bollinger B4 trucks is particularly significant given the current push for sustainability in the transportation sector. As businesses and governments increasingly focus on reducing carbon emissions, the availability of capable electric commercial vehicles like the B4 is crucial. This move by Mullen and Bollinger could potentially influence other players in the industry to accelerate their electrification efforts.

Mullen's progress in the EV sector is further underscored by its recent achievements, including the start of commercial vehicle production in Tunica, Mississippi, and the receipt of IRS approval for federal EV tax credits on its commercial vehicles. The company's Qualified Manufacturer designation offers eligible customers up to $7,500 per vehicle, making Mullen's offerings more attractive to potential buyers.

The California Air Resource Board (CARB) and EPA certifications for both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, demonstrate the company's commitment to meeting stringent environmental standards. The CARB-issued HVIP approval on the Mullen THREE, which provides up to a $45,000 cash voucher at the time of vehicle purchase, further enhances the financial appeal of Mullen's products.

As the EV market continues to evolve, Mullen's strategic moves, including the expansion of its product line and dealer network, position the company to capitalize on the growing demand for electric commercial vehicles. The successful delivery of the Bollinger B4 trucks not only represents a revenue opportunity but also serves as a proof of concept for Mullen's ability to bring innovative EV solutions to market.

The implications of this development extend beyond Mullen and Bollinger. It signals a shift in the commercial vehicle landscape, potentially encouraging other manufacturers to accelerate their EV programs. For fleet operators and businesses reliant on transportation, the availability of electric options like the B4 provides new opportunities to reduce operating costs and meet sustainability goals.

As the transportation industry continues its transition towards electrification, developments like this delivery of Bollinger B4 trucks will likely play a crucial role in shaping the future of commercial transportation. The success of these initial deliveries could pave the way for broader adoption of electric commercial vehicles, contributing to reduced emissions and more sustainable logistics operations across the country.