First deliveries of Bollinger B4 electric trucks to Nacarato Truck Centers with a value of $800,000
First revenue recognized for three months ended Sept. 30, 2024, with wire transfer payment received on Sept. 30, 2024
BREA, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today that its subsidiary, Bollinger Motors ("Bollinger"), has made the first customer delivery of its 2025 Bollinger B4 Chassis Cab. Bollinger delivered five Bollinger B4s to Nacarato Truck Centers' LaVergne, Tennessee, facility – generating revenue for the original equipment manufacturer (OEM) with a MSRP value of $800,000. Revenue from the Nacarato delivery is recognized for the three months ended Sept. 30, 2024, with wire transfer payment received on the vehicles delivered.
Nacarato Truck Centers will sell four vehicles to commercial fleet customers and use one vehicle for its own internal parts deliveries between its 13 locations throughout the East, Southeast and Midwest.