Mullen Automotive Secures Follow-On Order for Bollinger B4 Electric Trucks, Expanding Commercial EV Footprint

Mullen Automotive (NASDAQ: MULN) has announced a significant development in its commercial electric vehicle (EV) business, securing a follow-on order for seven all-electric 2025 Bollinger B4 trucks from TEC Equipment. This order, which builds upon TEC's initial purchase of three B4 trucks in October 2024, represents a notable expansion of Mullen's footprint in the commercial EV sector and signals growing market acceptance of electric trucks for fleet operations.

The revenue from this order will be recognized in the current fiscal quarter, providing an immediate financial boost to Mullen Automotive. The planned deliveries across California, Oregon, and Washington underscore the regional demand for electric commercial vehicles and highlight the strategic importance of Mullen's expanding dealer network in key markets.

The Bollinger B4, a Class 4 truck, is at the center of this order. With a 185-mile range and a substantial 7,394-pound payload capacity, the B4 is positioned as a compelling option for commercial fleets seeking to transition to electric vehicles without compromising on performance or efficiency. The truck's design, which prioritizes safety and efficiency, aligns with the evolving needs of modern fleet operators.

A crucial factor driving the adoption of the Bollinger B4 is its eligibility for significant federal and state tax incentives. These financial incentives are playing a pivotal role in accelerating the shift towards electric vehicles in the commercial sector, making the transition more economically viable for businesses of various sizes.

Bollinger Motors, a subsidiary of Mullen Automotive, has achieved several key milestones that strengthen its position in the market. The recent EPA and CARB certifications for the B4 truck are critical regulatory approvals that pave the way for widespread adoption. The launch of production and agreements with major fleet operators and dealers further solidify Bollinger's credibility and market readiness.

This follow-on order is particularly significant as it demonstrates customer satisfaction and confidence in the Bollinger B4's capabilities. It also indicates a potential trend of repeat orders, which could be crucial for Mullen Automotive's long-term success in the competitive EV market.

The expansion of Mullen's commercial dealer network to seven dealers, including the recent addition of Papé Kenworth, is a strategic move that enhances the company's sales and service coverage. This expanded network, covering key regions such as the Midwest, West Coast, Pacific Northwest, New England, and Mid-Atlantic markets, positions Mullen to capitalize on the growing demand for electric commercial vehicles across diverse geographical areas.

Mullen Automotive's progress in the commercial EV sector comes at a time when the industry is experiencing rapid transformation. The company's focus on commercial vehicles, particularly in the Class 1 to Class 4 range, addresses a critical segment of the market that is ripe for electrification. As businesses and municipalities face increasing pressure to reduce their carbon footprint, vehicles like the Bollinger B4 offer a practical solution that balances environmental considerations with operational requirements.

The implications of this development extend beyond Mullen Automotive and its immediate customers. It signals a broader shift in the commercial vehicle market towards electrification, potentially influencing other manufacturers and fleet operators to accelerate their EV adoption plans. As more electric trucks enter service, it could lead to improvements in charging infrastructure and further technological advancements in the EV sector.

In conclusion, Mullen Automotive's success in securing this follow-on order for Bollinger B4 trucks represents a significant step forward in the company's mission to establish itself as a key player in the commercial EV market. It demonstrates the growing acceptance of electric trucks in commercial applications and highlights the potential for rapid growth in this sector. As the industry continues to evolve, developments like this will likely play a crucial role in shaping the future of transportation and contributing to broader environmental sustainability goals.