BREA, Calif., August 21, 2024 (GLOBE NEWSWIRE) – via IBN – Mullen Automotive, Inc. (NASDAQ: MUL) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors (“Bollinger”), plans to begin production of saleable units of the Bollinger B4 Chassis Cab on September 16, 2024. Deliveries and revenue recognition of the B4 EV truck are expected to begin in October 2024. A video highlighting Bollinger’s production launch can be found here Here.

The Bollinger B4 chassis with cabina brand new Class 4 commercial truck, was designed from the ground up with extensive fleet and converter input. Bollinger Motors’ unique, purpose-built electric vehicle chassis design encloses and protects the 158 kWh battery pack and components, providing unprecedented capability and safety in the commercial vehicle market. The Bollinger B4 is significantly different from other electric vehicles that use externally mounted batteries on repurposed ICE chassis, exposing the batteries to potential risks.

Bollinger Motors is partnering with Roush Industries, which provides contract manufacturing services from its Livonia, Michigan facility, for production. The partnership leverages Roush’s extensive manufacturing and e-mobility expertise acquired over 50 years of innovative engineering, testing, prototyping and manufacturing services – as well as its work in producing the Bollinger B4 development vehicles in 2023.

“This is an exciting time in Bollinger Motors’ history because it takes a tremendous team effort to get from launch to production in the timeframe we achieved,” said Bryan Chambers, President of Bollinger Motors. “The team at Bollinger Motors, Roush Industries and our entire supply chain network have worked tirelessly to make the B4 a reality and I am very proud of everyone’s accomplishment.”

“We’re already seeing strong momentum in the market with key customers across the country,” said Jim Connelly, chief revenue officer of Bollinger Motors. “We’re confident we’re delivering them a truck that will reward their trust and help transform their business. We can’t wait to get the B4 on the road and electrify America’s fleets.”

The production date announcement comes shortly after several other key milestones for Bollinger Motors, including providing a full warranty on the B4 Chassis Cab, receiving the Environmental Protection Agency Certificate of Compliance, selling 70 vehicles to Doering Fleet Management, 80 vehicles to Momentum Group, 50 vehicles to EnviroCharge, five vehicles to Spencer Manufacturing, adding Nacarato Truck Centers, Nuss Truck & Equipment and LaFontaine Auto Group as dealers and service centers, Our Next Energy in Novi, Michigan to supply the battery packs, Roush Industries in Livonia, Michigan to manage vehicle assembly, Syncron as a warranty management partner and Amerit Fleet Solutions as a mobile services provider.

In addition, Bollinger Motors recently qualified for a federal Clean Vehicle Tax Credit of $40,000 per vehicle (for the B4 Chassis Cab) under the Inflation Reduction Act.

To learn more about Bollinger Motors, visit www.BollingerMotors.com.

About Bollinger Motors
Bollinger Motors, Inc., founded in 2015 by Robert Bollinger, is an American company headquartered in Oak Park, Michigan. Bollinger Motors develops all-electric, commercial trucks with Class 4 through 6 chassis. In September 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MUL).

Learn more at www.BollingerMotors.com And www.MullenUSA.com.

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two vehicle plants in the U.S. in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began producing commercial vehicles in Tunica. In September 2023, Mullen received IRS approval for federal electric vehicle tax credits on its commercial vehicles with the Qualified Manufacturer designation, providing eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 electric van, and the Mullen THREE, a Class 3 electric chassis truck, are certified by the California Air Resource Board (“CARB”) and the EPA and available for sale in the U.S.

To learn more about the company, visit www.MullenUSA.com.

Forward-looking statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. All statements in this press release that are not historical facts may be deemed to be forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “anticipates,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, many of which are generally beyond Mullen’s control and are difficult to predict. Examples of such risks and uncertainties include, among others, whether the anticipated production start, delivery and revenue recognition dates discussed above will be met, the duration of rebates and incentives from federal and other government agencies for electric vehicles and whether the Bollinger B4 will achieve the expected market success. Additional examples of such risks and uncertainties include, among others: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing contracts with manufacturers, parts suppliers and other service providers related to its business and to enter into additional contracts; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unexpected operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements can be found in Mullen’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen undertakes no obligation, and expressly disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans or expectations as of any subsequent date.

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contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Corporate Communications:
IBN
Los Angeles, California
InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

• Bollinger B4, electric truck with Class 4 chassis and cab