Bollinger Motors Reaches Agreement For The Sale Of 50 Bollinger B4 Chassis Cab EV Trucks To EnviroCharge, Valued At ~$8.25M
Portfolio Pulse from Benzinga Newsdesk
Bollinger Motors, a subsidiary of Mullen Automotive (NASDAQ: MULN), has reached an agreement to sell 50 Bollinger B4 chassis cab EV trucks to EnviroCharge for approximately $8.25 million. EnviroCharge will equip these trucks with mobile clean-propane-powered charging systems, providing a flexible charging solution for EV owners. The vehicles will be delivered after Bollinger Motors begins production in the second half of 2024.
May 22, 2024 | 1:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mullen Automotive's subsidiary, Bollinger Motors, has secured a deal to sell 50 Bollinger B4 EV trucks to EnviroCharge for $8.25 million. This partnership will enhance Mullen's revenue and market presence in the EV sector.
The deal is significant for Mullen Automotive as it represents a substantial revenue opportunity and strengthens its position in the EV market. The partnership with EnviroCharge also highlights the innovative solutions Mullen is bringing to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100