Eastside Ecology Center Receives Electric Truck for Compost Program

NEW YORK - Bollinger Motors, a subsidiary of Mullen Automotive Inc. (NASDAQ: MULN), has delivered an all-electric Bollinger B4 Class 4 truck to the Lower East Side (LES) Ecology Center in New York City. The vehicle will be utilized for the center’s environmental initiatives, including New York City’s longest-running compost program. According to InvestingPro data, Mullen has shown impressive revenue growth of nearly 997% in the last twelve months, though the company faces significant operational challenges with a current ratio of 0.24.

The Bollinger B4, designed with input from fleet operators and upfitters, boasts a 158-kwh battery pack, a 185-mile range, and a payload capacity of 7,325 pounds. The LES Ecology Center’s model is equipped with a 16-foot dry box and a power lift gate to aid in their urban operations.

Christine Datz-Romero, co-founder and executive director of the LES Ecology Center, expressed enthusiasm for the partnership with Bollinger Motors, highlighting the alignment in sustainability goals. Funding for the acquisition of the electric truck was provided by the New York City Council.

Bollinger Motors, now majority-owned by Mullen Automotive since September 2022, has established a dealer and service network with over 50 locations across the United States. The company’s B4 electric truck production commenced on September 16, 2024, aiming to cater to commercial markets with a focus on capability and safety.

Jim Connelly, chief revenue officer of Bollinger Motors, remarked on the suitability of the B4 for the high-traffic urban environment of Manhattan and commended the shared vision of environmental stewardship with the LES Ecology Center.

The LES Ecology Center has been a pioneer in urban sustainability since 1987, providing composting services, environmental stewardship, and educational programs to New Yorkers.

Mullen Automotive has been expanding its presence in the electric vehicle market, with production facilities in Mississippi and Indiana and a range of certified commercial electric vehicles available for sale in the U.S. InvestingPro analysis reveals the company’s ambitious growth comes with financial challenges, including a significant debt burden and rapid cash burn rate. InvestingPro subscribers have access to 18 additional key insights about Mullen’s financial health and market position. Discover more detailed analysis and real-time updates with an InvestingPro subscription.

This news is based on a press release statement and does not endorse any claims made. The information provided reflects the delivery of an electric truck to the LES Ecology Center by Bollinger Motors, a subsidiary of Mullen Automotive. With the company’s next earnings report due on May 14, 2025, investors can access comprehensive financial analysis and exclusive insights through InvestingPro, including detailed metrics on profitability, cash flow, and growth potential.

In other recent news, Mullen Automotive announced a significant order from Cashflow on Wheels for 20 all-electric Mullen THREE vehicles, valued at approximately $1.4 million. This move aligns with Cashflow on Wheels’ strategy to transition its fleet to electric vehicles, following successful trials that resulted in substantial cost savings. Additionally, Mullen Automotive has sold its Mullen ONE Class 1 cargo van to Global Expert Shipping, marking the beginning of a series of orders aimed at reducing the carbon footprint of the freight forwarding company. The company also revealed its partnership with Enpower Greentech Inc. to produce advanced semi-solid-state batteries at its Fullerton, California facility, slated to begin in early 2026.

Bollinger Motors, a subsidiary of Mullen Automotive, has delivered its first Bollinger B4 truck to EnviroCharge, which will be converted into a mobile EV charging unit. This initiative supports the expansion of EV charging infrastructure, particularly in California. In another corporate development, Mullen Automotive has announced a 1-for-100 reverse stock split to meet Nasdaq’s minimum bid price requirement, effective April 11, 2025. This action aims to reduce the number of outstanding shares while maintaining the company’s compliance with Nasdaq listing standards. The company continues to expand its commercial dealer network across the United States, enhancing its market presence and service coverage.

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