Net Element(MULN) Prnewswire·2024-11-07 14:45State Incentives and Eligibility - Bollinger Motors is now eligible for New York's NYTVIP, offering up to $100,000 in incentives for commercial electric vehicles [1] - The company has qualified for incentives in four Northeast states: Massachusetts ($30,000), New Jersey ($90,000), New York ($100,000), and Pennsylvania ($20,000) [2] - Combined with federal tax credits under the Inflation Reduction Act ($40,000 per vehicle), customers in the Northeast can receive between $70,000 and $140,000 in incentives [4] Product and Market Positioning - The 2025 Bollinger B4 Chassis Cab is an all-electric Class 4 commercial truck designed with fleet and upfitter input, featuring a 158-kilowatt-hour battery pack for enhanced capability and safety [3] - The B4 is positioned as a versatile, durable, and world-class vehicle well-suited for urban driving and commercial fleet electrification [5] Recent Milestones and Partnerships - Bollinger Motors launched production on September 16 and achieved regulatory compliance, including FMVSS, EPA certification, and CARB certification [5] - The company secured significant sales, including 145 vehicles to Momentum Group, 70 to Doering Fleet Management, and 50 to EnviroCharge [5] - Expanded dealer and service center network with Anderson Motors, TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group [5] - Partnered with Our Next Energy for battery supply and announced Syncron and Amerit Fleet Solutions as warranty administration and mobile service providers, respectively [5] Company Background - Bollinger Motors, founded in 2015 and headquartered in Oak Park, Michigan, specializes in all-electric commercial chassis cab trucks (Classes 4-6) [6] - In September 2022, the company became majority-owned by Mullen Automotive, Inc (NASDAQ: MULN) [6]