Mullen Automotive has secured a follow-on order for seven all-electric 2025 Bollinger B4 trucks from TEC Equipment, building upon TEC's initial purchase of three B4 trucks in October 2024. This development demonstrates growing confidence in Mullen's electric vehicle offerings and provides an immediate financial boost as revenue from this new order will be recognized in the current fiscal quarter. The B4 trucks are slated for delivery across California, Oregon, and Washington, expanding Mullen's presence in key West Coast markets.
The Class 4 B4 truck represents Mullen's commitment to innovation in the commercial electric vehicle sector with an impressive 185-mile range and substantial 7,394-pound payload capacity designed to meet demanding commercial fleet needs. One key advantage of the Bollinger B4 is its eligibility for significant federal and state tax incentives that can substantially reduce total ownership costs for fleet operators, potentially accelerating electric vehicle adoption in the commercial sector. Bollinger Motors, a subsidiary of Mullen Automotive, has achieved crucial milestones including EPA and CARB certifications that validate the vehicle's environmental credentials and allow for sale in stringent regulatory environments like California.
The launch of production for the B4 truck marks a significant step forward as Mullen transitions from development to active manufacturing, positioning the company to meet growing demand for electric commercial vehicles. Mullen has secured agreements with major fleet operators and dealers, expanding its commercial dealer network to seven dealers including Papé Kenworth alongside previously announced partnerships with Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group. This provides Mullen with robust sales and service infrastructure across key U.S. markets.
The company's strategic positioning is further enhanced by recent approval of Foreign Trade Zone status for its Tunica, Mississippi manufacturing center, offering significant benefits including duty deferment and elimination of duties on exported vehicles that could improve cost structure and international competitiveness. As the commercial electric vehicle market evolves, Mullen Automotive's progress with the Bollinger B4 and expanding partnership network position the company as a notable industry player. The follow-on order from TEC Equipment serves as both immediate revenue and a vote of confidence in Mullen's products and strategy, signaling growing traction in the commercial electric vehicle space with potential for future growth as businesses increasingly seek to electrify fleets in response to environmental concerns and potential cost savings.
