Bollinger Innovations Secures $1.07 Million in Commercial EV Sales to Major Fleet Operators
TL;DR
Bollinger Innovations gains a competitive edge with a $1 million EV order from major truck groups, demonstrating strong market demand and efficient sales restructuring.
Bollinger Motors sold 30 commercial EVs including Class 1 vans, Class 3 utility trucks, and Class 4 B4 trucks, with full payment received from DB Schenker.
Bollinger's electric vehicle sales reduce emissions and advance sustainable transportation, contributing to a cleaner environment and better future for communities.
Bollinger Innovations just sold 30 electric trucks worth over $1 million, showcasing growing adoption of commercial EVs in the transportation industry.
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Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, has announced significant commercial EV sales totaling $1,074,035 to four major fleet operators. The sales include 30 commercial electric vehicles sold to Ziegler Truck Group, Range Truck Group, DB Schenker and Larsen Enterprises, marking a substantial commercial achievement for the electric vehicle manufacturer.
The order comprises a diverse mix of commercial EV models, including 20 Class 1 urban delivery vans, six Class 3 utility trucks and four Class 4 all-electric Bollinger B4 trucks. This variety demonstrates the company's ability to serve multiple segments of the commercial vehicle market with electric alternatives. Full payment has already been received from DB Schenker, with additional payments expected by September 30, 2025, indicating strong financial commitment from the purchasing organizations.
Company executives emphasized that this sale reflects rising demand for Bollinger's certified commercial EV lineup. The recent corporate restructuring has enabled the sales team to achieve these strong results through a more efficient, lower-cost operational model. This development suggests that Bollinger's strategic changes are yielding positive results in the competitive commercial EV market.
Bollinger Innovations operates a U.S.-based vehicle manufacturing facility located in Tunica, Mississippi, supporting domestic production of electric commercial vehicles. The company's product lineup includes the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, both available for sale across the United States. The commercial dealer network consists of seven dealers, including Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group, providing comprehensive sales and service coverage in key markets including the West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic regions.
Bollinger Motors, operating from Oak Park, Michigan, has achieved several significant milestones, including the production launch of its B4 Class 4 electric truck on September 16, 2024. The company has developed a world-class dealer network with over 50 locations across the United States for sales and service support, ensuring nationwide coverage for commercial customers adopting electric vehicle technology. Additional information about the company is available in their newsroom at https://ibn.fm/BINI.
This substantial commercial order represents an important step in the adoption of electric vehicles in commercial fleets, potentially influencing other fleet operators to consider electric alternatives. The successful sale to multiple established truck groups indicates growing confidence in electric commercial vehicles' reliability and performance for business applications. As commercial fleets continue to transition toward sustainable transportation solutions, Bollinger's achievement demonstrates the expanding market opportunities for electric vehicle manufacturers in the commercial sector.
Curated from InvestorBrandNetwork (IBN)
