Bollinger Motors announces Class 4 all-electric truck generates over $4M in post-production launch sales

25 B4s delivered and paid for since start of production

Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), has delivered its first 25 B4 trucks, with a retail sales value of approximately $4.1 million during the nearly three months since the company’s September start of production. The company credited the strong sales start to the vehicle’s design and functionality, combined with its strong nationwide dealer network.

The 2025 Bollinger B4 chassis cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique chassis design protects the 158-kWh battery pack and components to offer unparalleled capability and safety in the commercial market. The vehicle also features a payload in excess of 7,300 pounds with an average driving range of 185 miles. Bollinger Motors began serial production of the B4 on Sept. 16 via its manufacturing partnership with Roush Industries at their facility in Livonia, Michigan.

“It is gratifying to see the Bollinger B4 rolling off the line, onto dealer lots and into customer fleets,” said Jim Connelly, chief revenue officer for Bollinger Motors. “This vehicle has been designed and engineered to provide fleet owners with an economical, sustainable transportation option capable of providing a wide variety of vehicle use cases. Initial customer reaction has been positive, and we have built strong momentum as we head into 2025, with a growing number of significant orders in-process.”

Connelly credited the Bollinger Motors’ nationwide dealer sales and service network for helping the company get out of the gate quickly. During 2024, Bollinger Motors has announced agreements with some of the industry’s top commercial vehicle dealers, including Anderson Motors, TEC Equipment, Nacarato Truck Centers, Bergey’s Truck Centers, Broadway Ford Truck Center, and Affinity Truck Center. The company will continue adding to this impressive dealer roster in key markets in 2025.

Bollinger Motors has passed numerous milestones during this period, including:

• Its production launch on Sept. 16 at Roush Industries in Livonia, Michigan;
• Achieving FMVSS compliance;
• Receiving the Certificate of Conformity from the Environmental Protection Agency, and CARB certification;
• The creation of a world-class dealer and service network;
• An agreement with Our Next Energy in Novi, Michigan, for battery packs;
• Providing a full warranty coverage of the B4 chassis cab; and,
• Announcing Syncron as its warranty administration partner and Amerit Fleet Solutions as its mobile service provider.