Spencer Manufacturing Agrees to Purchase Bollinger Motors Bollinger B4 Chassis Cabs for Emergency Vehicle Upfits

OAK PARK, Mich., July 9, 2024 ~ Bollinger Motors, Inc., a leading electric commercial vehicle manufacturer, has announced a major agreement with Spencer Manufacturing to provide five all-electric Class 4 Bollinger B4 commercial trucks. These vehicles will be upfitted by Spencer Manufacturing into emergency rescue trucks, showcasing the growing demand for sustainable and efficient solutions in the public safety sector.

Spencer Manufacturing is a renowned specialty upfitter of rescue vehicles and fire trucks, serving municipal fire departments across the nation. With their expertise in ladder, pumper, tanker, and grass/wildland trucks, they are well-equipped to transform the Bollinger B4 chassis cab into top-of-the-line emergency services vehicles. The delivery of these vehicles will take place after Bollinger Motors launches production in the second half of 2024.

Jim Connelly, chief revenue officer for Bollinger Motors, expressed his excitement about this partnership stating, "We are thrilled to collaborate with Spencer Manufacturing to utilize the Bollinger B4 in keeping communities safe. The durability, reliability and outstanding performance of our vehicles make them ideal for public safety use and we are proud that Spencer Manufacturing has placed their trust in us."

Spencer Manufacturing is known for its patented Solid-Poly process which delivers corrosion-free and high-impact emergency services vehicles. These vehicles come with a lifetime warranty on the substructure, body, and tank while also offering maximum water and storage capabilities. Grant Spencer, president of Spencer Manufacturing shared his confidence in the engineering of the Bollinger B4 stating that it will make an excellent addition to their fleet of emergency services vehicles.

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The Bollinger B4 Chassis Cab is an innovative battery-electric Class 4 commercial truck designed with extensive input from fleet and upfitter experts. Its unique chassis design ensures protection for the 800V battery and components while providing unmatched capability, flexibility, performance, and serviceability in the commercial market. Moreover, Bollinger Motors has recently qualified for federal clean-vehicle purchasing incentives under the Inflation Reduction Act, which offers a refundable tax credit of $40,000 per truck.

In recent months, Bollinger Motors has achieved several milestones including receiving the Certificate of Conformity from the Environmental Protection Agency, securing an 80-vehicle sale to Momentum Groups and a 50-vehicle sale to EnviroCharge. They have also expanded their network by adding Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto Group as dealers and service centers. Additionally, they have partnered with Our Next Energy in Novi, Mich. for battery packs supply, Roush Industries in Livonia, Mich. for vehicle assembly operations management, Syncron as their warranty administration partner and Amerit Fleet Solutions as their mobile service provider.

Spencer Manufacturing was founded in 1986 in South Haven, Mich., and is a family-owned business specializing in upfitting emergency services vehicles. They work closely with municipalities across the country to provide customized designs that cater to the unique needs of individual fire departments.

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Bollinger Motors was founded in 2015 by Robert Bollinger and is headquartered in Oak Park, Mich. The company is focused on developing all-electric commercial chassis cab trucks ranging from Classes 4-6. In September of 2022, Bollinger Motors became majority-owned by Mullen Automotive, Inc. (NASDAQ: MULN). For more information about Bollinger Motors and Mullen Automotive Inc., visit www.BollingerMotors.com and www.MullenUSA.com.

This press release may contain forward-looking statements that are not historical facts but rather reflect the current expectations of Bollinger Motors regarding future events based on information currently available. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the potential impact of the COVID-19 pandemic on the company's operations and financial results, as well as other factors described in the company's filings with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
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