Mullen Automotive’s stock (MULN) is experiencing a rise today following the announcement of Bollinger Motors’ first West Coast customer deliveries. This signifies a significant milestone for Bollinger and Mullen, indicating a growing demand for electric commercial vehicles. The move also highlights the potential for significant revenue generation for Mullen in the coming quarter.
Mullen Automotive’s (MULN) stock took a hit on Monday after the company announced that Bollinger Motors founder Robert Bollinger provided $10 million in non-dilutive debt financing to support Bollinger Motors’ production ramp-up and sales of the B4 Class 4 electric vehicle truck. The news comes amidst other developments, including the launch of Mullen Credit Corporation, a revenue target of $75 million, and a 20% headcount reduction.
Mullen Automotive’s stock price fell despite the successful delivery of five Bollinger B4 Chassis Cabs, generating $800,000 in revenue. The company expects to report a significant increase in revenue for the quarter ending September 30, 2024.
Mullen Automotive’s stock took a hit despite its subsidiary, Bollinger Motors, achieving a significant milestone: the production of its first customer-ready B4 electric truck. The B4, a Class 4 all-electric truck, is expected to be a major player in the commercial fleet market.
Bollinger Motors, a leading manufacturer of electric commercial vehicles, has partnered with Affinity Truck Center to bring its all-electric Bollinger B4 Chassis Cab to the Central Valley of California. This strategic move expands Bollinger Motors’ reach into a key market and reinforces its commitment to sustainable transportation solutions.
Bollinger Motors’ all-electric B4 Class 4 truck has received certification from the California Air Resources Board (CARB), making it eligible for federal and state incentive programs that could offer up to $100,000 in savings for buyers. This milestone positions the B4 for a successful launch, with production starting September 16th and deliveries commencing in October.
Mullen Automotive’s stock (MULN) continues its downward trend, despite a new partnership between its subsidiary, Bollinger Motors, and Texas Consulting & Development (TCD). This partnership will see Bollinger B4 Class 4 trucks used in TCD’s bundled service for ports and related industries, aiming to boost Bollinger’s market penetration and clean energy solutions.
Bollinger Motors has partnered with Texas Consulting & Development (TCD) to supply its all-electric Bollinger B4 Class 4 trucks as part of TCD’s new bundled service offering for ports and related industries. This strategic move will expand Bollinger’s market reach and provide comprehensive clean energy solutions for various sectors.
Bollinger Motors, an electric commercial vehicle manufacturer, has secured a crucial milestone in its journey towards delivering all-electric commercial trucks. The company received its Certificate of Conformity from the EPA for its Class 4 B4 Chassis Cab, confirming its compliance with emissions standards. This certification paves the way for Bollinger Motors to begin selling its zero-emissions trucks in the U.S. market.
