BOLLINGER MOTORS DELIVERS B4 EV TRUCKS TO WEST COAST DEALER, TEC EQUIPMENT

| October 30, 2024

The first saleable units of the Bollinger B4, Class 4 all-electric truck rolled off the assembly line

Mullen Automotive, Inc. an electric vehicle (“EV”) manufacturer, announced that its subsidiary, Bollinger Motors (“Bollinger”) has made its first customer delivery on the West Coast, sending three 2025 Bollinger B4 chassis cab electric trucks to TEC Equipment (“TEC”) in Lacey, Washington, Fontana, California, and Oakland, California. Electronic payment has been received on the vehicles delivered, which have a retail value of approximately $500,000. Bollinger’s revenue is being recognized in Mullen’s current fiscal quarter ending December 2024.

The Bollinger B4 chassis cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique chassis design protects the 158-kilowatt-hour battery pack and components to offer unparalleled capability and safety in the commercial market.

“The West Coast represents a critical region of the country for electric vehicle success, and today’s deliveries to TEC Equipment are significant steps forward for Bollinger Motors,” said Jim Connelly, chief revenue officer for Bollinger Motors. “TEC Equipment is a well-respected dealer and an important partner for our West Coast success. We look forward to working with them to build Bollinger Motors presence in several markets.”

The 2025 Bollinger B4 chassis cab is qualified for federal clean vehicle tax credits of $40,000 per vehicle under the Inflation Reduction Act. Additional state incentives can push total savings to more than $100,000.

TEC Equipment is a family-owned, full-service truck and trailer dealership founded in 1976. The company is headquartered in Portland, Oregon, and has more than 30 locations across eight states. As a full-service dealership, TEC offers truck and trailer sales, parts, service, leasing, rental, insurance, financing, towing and recovery equipment, auto transportation equipment and services, and ZEV consulting.

“This is an exciting moment for TEC Equipment as we help bring the newest OEM in the trucking industry to market,” said Chris Thompson, TEC Equipment’s vice president of truck sales. “Bollinger Motors is making an all-electric truck that is well suited to help companies meet their commercial fleet needs, and we are looking forward to bringing it to current and new customers up and down the West Coast.”

Bollinger Motors has achieved numerous milestones in the past several months, including its production launch on Sept. 16; regulatory achievements including CARB certification, FMVSS compliance, and receiving the Certificate of Conformity from the Environmental Protection Agency; a 145 vehicle sale to Momentum Group; a 70 vehicle sale to Doering Fleet Management; a 50 vehicle sale to EnviroCharge; the addition of TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; securing Our Next Energy in Novi, Michigan, to supply battery packs; providing a full warranty coverage of the B4 chassis cab; and announcing Syncron as its warranty administration partner and Amerit Fleet Solutions as its mobile service provider.

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