Mullen Automotive, Inc. MULN shares are trading higher on Monday after the company disclosed that Bollinger Motors 2025 Bollinger B4 truck has qualified for California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).
Under HVIP, the 2025 Bollinger B4 EV truck, with a suggested MSRP of $158,758, now qualifies for up to a $60,000 cash voucher. When added to the available $40,000 federal tax credit, the net effective cost of the B4 could be less than $59,000.
The Bollinger B4 Chassis Cab, an all-electric Class 4 commercial truck, offers a 185-mile range, 7,394 lbs payload, and a Quad-Bend chassis design, making it an ideal choice for commercial fleets seeking a high-performance, safe, and capable vehicle.
Last week, the company partnered with National Auto Fleet Group (NAFG) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies.
Last month, Bollinger Motors completed its first West Coast delivery of 2025 Bollinger B4 trucks worth ~$500K.
Also, Bollinger Motors completed its first customer delivery of the 2025 Bollinger B4 Chassis Cab, generating $800,000 in revenue for the original equipment manufacturer.
Price Action: MULN shares are up 6.81% at $2.713 at the last check Monday.
Image via Unsplash
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