Partnership Establishes All-Electric
Bollinger B4 Truck as Part of New TCD Client Solution
OAK
PARK, Mich., Sept. 5,
2024 /PRNewswire/ -- Bollinger Motors, Inc., a
commercial electric vehicle ("EV") manufacturer, today announced it
has reached an agreement to partner with Texas Consulting &
Development LLC (TCD) to supply Bollinger B4 Class 4 trucks as part
of TCD's new, bundled service offering to ports and other related
industries. The agreement strengthens TCD's vehicle portfolio and
enhances the company's Vehicle-to-Grid (V2G) and
Vehicle-to-Building (V2B) technology offerings.
In addition, TCD will leverage the Bollinger B4 electric truck
to stimulate sales across the Commercial & Industrial
(C&I), Telecom, and Utility sectors. This strategic move is
expected to enhance market penetration and provide comprehensive
solutions to a broader range of industries for Bollinger
Motors.
"The partnership provides another opportunity for the Bollinger
B4 to help companies from a wide variety of industries electrify
their vehicle fleets as TCD helps their clients develop solutions
for overall clean energy strategies," said Jim Connelly, chief revenue officer of Bollinger
Motors. "TCD is a leader in helping companies reduce their overall
carbon footprint, and we're glad that they have chosen to make the
B4 an important element of those efforts."
Both companies share a commitment to leveraging electrification
technology to create operational efficiencies while reducing carbon
footprints across multiple industries.
"We're excited about adding Bollinger Motors' innovative B4
truck to our suite of solutions. This partnership uniquely
positions Bollinger Motors' commercial trucks with our
comprehensive fleet infrastructure charging options that
simplify and optimize the integration of EV fleet vehicles," stated
Steven Villarreal, managing partner
of Texas Consulting & Development, LLC. "This collaboration
makes sense in terms of addressing the future of EV and its
aggregated potential for edge energy production – a much-needed
solution for grid providers across the U.S."
The agreement with TCD follows a series
of Bollinger Motors' milestones in recent months
including the start of production on the Bollinger B4; providing
full warranty coverage of the B4 chassis cab; 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 to Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine
Automotive Group as dealers and service centers; Our Next Energy
in Novi, Mich. to supply battery packs; and Amerit Fleet
Solutions as its mobile service provider.
In addition, Bollinger Motors recently qualified for federal
clean vehicle tax credits under the Inflation Reduction Act of
$40,000 per vehicle for the B4
chassis cab.
To learn more about Bollinger Motors, visit
www.BollingerMotors.com.
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc.
is a U.S.-based company headquartered in Oak Park,
Michigan. Bollinger Motors is developing all-electric
commercial chassis cab trucks, Classes 4-6. In September of 2022,
Bollinger Motors became a majority-owned company of Mullen
Automotive, Inc. (NASDAQ: MULN). Learn more
at www.BollingerMotors.com and www.MullenUSA.com.
ABOUT TCD
Texas Consulting & Development, LLC provides microgrid and
virtual power plant solutions across U.S C&I segments. The
company's expertise in Distributed Energy Resources (DERs) uniquely
positions the company to provide scalable decarbonization solutions
that meet the end-to-end electrification demands of many
industries.
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. Any
statements contained in this press release that are not statements
of historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Bollinger Motors and are difficult
to predict. Examples of such risks and uncertainties include: (a)
Bollinger Motors' ability to finalize a sales agreement with
Doering Fleet Management, EnviroCharge, and Momentum Groups and
deliver purchased vehicles on schedule; (b) Bollinger Motors'
continued partnership with Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine
Automotive Group as dealers and service centers; (c) Bollinger
Motors' continued partnership with Our Next Energy as a battery
supplier; (d) Bollinger Motors' continued relationship with Syncron
as its warranty administration provider; and (e) Bollinger Motors'
continued relationship with Amerit Fleet Solutions as its mobile
service provider.
Additional examples of such risks and uncertainties include but
are not limited to: (i) Bollinger Motors' ability (or inability) to
obtain additional financing in sufficient amounts or on acceptable
terms when needed; (ii) Bollinger Motors' ability to maintain
existing, and secure additional, contracts with manufacturers,
parts and other service providers relating to its business; (iii)
Bollinger Motors' ability to successfully expand in existing
markets and enter new markets; (iv) Bollinger Motors' ability to
successfully manage and integrate any acquisitions of businesses,
solutions or technologies; (v) unanticipated 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
Bollinger Motors' business; (viii) changes in government licensing
and regulation that may adversely affect Bollinger Motors'
business; (ix) the risk that changes in consumer behavior could
adversely affect Bollinger Motors' business; (x) Bollinger Motors'
ability to protect its intellectual property; (xi) the vehicles
developed will perform as expected and (xii) local, industry and
general business and economic conditions. Additional factors that
could cause actual results to differ materially from those
expressed or implied in the forward-looking statements can be found
in the most recent annual report on Form 10-K, quarterly reports on
Form 10-Q, and current reports on Form 8-K filed by Mullen
Automotive, Inc., of which Bollinger Motors is a partially owned
subsidiary, with the Securities and Exchange Commission. Bollinger
Motors anticipates that subsequent events and developments may
cause its plans, intentions, and expectations to change. Bollinger
Motors assumes no obligation, and it specifically disclaims any
intention or obligation, to update any forward-looking statements,
whether because 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 Bollinger Motors' plans and expectations as of
any subsequent date.
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SOURCE Bollinger Motors