Mullen Automotive, Inc. (NASDAQ: NASDAQ:MULN), an electric vehicle manufacturer, announced a partnership between its subsidiary Bollinger Motors and EnviroCharge to provide innovative mobile charging solutions for electric vehicle fleet owners. The deal, valued at approximately $8.25 million, involves the sale of 50 Bollinger B4 all-electric commercial trucks, which will be equipped with EnviroCharge’s clean-propane-powered charging system.
The collaboration aims to address the growing demand for convenient and flexible charging options for electric vehicles (EVs), particularly in fleet operations. EnviroCharge plans to offer these mobile charging units to fleet owners in states that offer voucher incentive programs. Moreover, these vehicles will qualify for the $40,000 federal tax credit under the Inflation Reduction Act, further incentivizing the transition to clean transportation.
Robert Bollinger, founder and CEO of Bollinger Motors, expressed that the partnership aligns with their vision to revolutionize the transportation industry by providing cost-effective and emission-reducing solutions. EnviroCharge’s CEO, Charlie Stockton, also highlighted the significance of this step for their customers, offering a clean-fuel EV charging solution mounted on a zero-emission vehicle.
The vehicles are expected to be delivered to EnviroCharge after Bollinger Motors initiates production in the latter half of 2024. This deal follows a series of recent strategic partnerships and qualifications for federal clean-vehicle purchasing incentives by Bollinger Motors.
EnviroCharge, known for its renewable fuel technologies and commitment to energy equity, will leverage this new offering to enhance its portfolio of EV charging solutions. Bollinger Motors, since becoming a majority-owned subsidiary of Mullen Automotive in September 2022, has been expanding its all-electric commercial truck offerings.
This news is based on a press release statement and reflects a strategic move by Mullen Automotive and Bollinger Motors to expand their footprint in the EV market, particularly for commercial fleet owners seeking sustainable and convenient charging solutions.
