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
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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.
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