HVIP

Kingsburg Truck Sales Bolsters Workhorse Partnership as Workhorse Sharpens Commercial EV Focus

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水曜日, 6月 12, 2024
Acquisition, ATW, Level 2, EV, Richard E. Dauch, CARB, W4, Aero, ACF, California Air Resources Board, HVIP, Airline

"We're thrilled to offer a solution that helps work truck owners in California meet ACF regulations," said Jerry Smith, President of Kingsburg Truck Sales.

Key Points: 
  • "We're thrilled to offer a solution that helps work truck owners in California meet ACF regulations," said Jerry Smith, President of Kingsburg Truck Sales.
  • The Workhorse W4 CC is a practical, reliable electric truck that replaces traditional ICE models without sacrificing performance.
  • Kingsburg Truck Sales and Workhorse are committed to assisting customers in securing these incentives, which are crucial for fulfilling the order, and simplifying the acquisition process.
  • “This divestiture narrows our focus and provides Workhorse with additional financial flexibility to advance our commercial EV product roadmap and execute our strategic plans.

The State of Massachusetts Issues MOR-EV Approval, Granting Mullen’s Class 3 EV Truck a $15,000 Cash Voucher per Vehicle Sold

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火曜日, 6月 11, 2024
Mullen, EVS, Organization, EV, Biophysical environment, Transport, MSRP, IBN, Mullen Technologies, CARB, Sustainable energy, HVIP, Fireworks

BREA, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Massachusetts Executive Office of Energy and Environmental Affairs’ Department of Energy Resources (“DOER”) has approved the Company’s all-electric Class 3 low cab forward truck, the 2024 Mullen THREE, for up to a $15,000 state cash rebate voucher.

Key Points: 
  • The MOR-EV Trucks program incentivizes purchases and leases of a variety of medium- and heavy-duty battery electric and fuel cell electric trucks, buses and vans.
  • Under MOR-EV, the 2024 Mullen THREE EV truck, with a suggested MSRP of $68,500, now qualifies for up to a $15,000 cash rebate voucher.
  • Mullen recently announced that it is now in receipt of CARB approval for both 2024 and 2025 Class 3 model years.
  • The Mullen THREE is available for purchase in Massachusetts through its recently announced New England area EV dealer, Eco Auto , based north of Boston in Tewksbury.

Mullen Announces Addition of New England Area Dealer and Initial Purchase Order

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月曜日, 6月 10, 2024
Mullen, EVS, EV, Transport, EPA, Environment, IBN, Mullen Technologies, CARB, Sale, Partnership, HVIP, Car dealership

BREA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of zero-emissions commercial vehicle dealership, Eco Auto, a Boston, Massachusetts, area dedicated EV dealer. As Mullen’s newest franchise dealer, Eco Auto will cover national fleet opportunities for the Company’s full line of commercial electric vehicles with particular focus on the regional New England area. Eco Auto’s initial vehicle order includes 10 Mullen ONE, Class 1 EV cargo vans, and 3 Mullen THREE, Class 3 EV cab forward EV trucks. 

Key Points: 
  • BREA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of zero-emissions commercial vehicle dealership, Eco Auto, a Boston, Massachusetts, area dedicated EV dealer.
  • As Mullen’s newest franchise dealer, Eco Auto will cover national fleet opportunities for the Company’s full line of commercial electric vehicles with particular focus on the regional New England area.
  • Eco Auto’s initial vehicle order includes 10 Mullen ONE, Class 1 EV cargo vans, and 3 Mullen THREE, Class 3 EV cab forward EV trucks.
  • When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen THREE could be less than $17,000.

Workhorse Group Reports First Quarter 2024 Results

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月曜日, 5月 20, 2024
OEM, EV, Drone, Aero, USDA, W56, HVIP, Workforce, Commercial, Draft horse, Sale, Service, Note, Gateway Group, Research, Warrant, Pharmaceutical industry

CINCINNATI, May 20, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the first quarter ended March 31, 2024.

Key Points: 
  • CINCINNATI, May 20, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the first quarter ended March 31, 2024.
  • “During the first quarter, we took important strategic and financial actions to better position Workhorse for the future while continuing to hit major milestones,” said Workhorse CEO Rick Dauch.
  • Workhorse now has 12 dealer partners, strategically targeted in states adopting the California Air Resources Board (“CARB”) “Clean Fleet” standards.
  • Sales, net of returns and allowances, for the first quarter of 2024 were $1.3 million compared to $1.7 million in the same period last year.

RIZON Truck Introduces New e18Mx and e18Lx Models and Enhanced Warranty for MY2025

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月曜日, 5月 20, 2024
ACT, Las Vegas Convention Center, HVIP, Safety, Velocity, Bed

These models offer enhanced payload capacities and innovative features tailored for urban and local deliveries.

Key Points: 
  • These models offer enhanced payload capacities and innovative features tailored for urban and local deliveries.
  • The e18Mx and e18Lx offer upgraded payload capacity of 18,850 pounds, compared to 17,995 pounds for the current models.
  • The new models are part of RIZON’s ongoing commitment to offer fleet operators more robust and efficient zero-emission vehicle options.
  • Alex Voets, General Manager of Velocity EV, stated, "The introduction of the e18Mx and e18Lx models with increased payload capacity isn't just about helping customers carry more cargo; it's about maximizing efficiency.

REE Automotive’s P7-C Electric Trucks and Platforms Approved for $30,000 Incentive Per Vehicle in Massachusetts

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木曜日, 5月 16, 2024
EV, TEL, REE, HVIP, Rare-earth element

TEL AVIV, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it was approved for the Massachusetts MOR-EV truck incentive, which is valued at $30,000 per truck. When combined with the federal commercial clean vehicle tax credit, fleets in Massachusetts could save up to $70,000 on REE’s class 4 P7-C chassis cab, bringing the cost down by 37%. Fleets in Massachusetts can order the software-driven, full by-wire P7-C through REE’s authorized dealers.

Key Points: 
  • When combined with the federal commercial clean vehicle tax credit, fleets in Massachusetts could save up to $70,000 on REE’s class 4 P7-C chassis cab, bringing the cost down by 37%.
  • Fleets in Massachusetts can order the software-driven, full by-wire P7-C through REE’s authorized dealers.
  • “EV truck incentives such as the MOR-EV rebate in Massachusetts promote the adoption of electric commercial vehicles and help fleets electrify at an accelerated pace,” said Richard Colley, VP of Government & Regulatory Affairs at REE Automotive.
  • To learn more about REE Automotive’s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto .

Mullen Continues Commercial EV Dealer Expansion in Midwest with Ziegler Truck Group and Pacific Northwest with Range Truck Group

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水曜日, 5月 15, 2024
Partnership, EV, Ziegler, HVIP, Sale, RTG, Mullen, EVS, ZTG, Pacific Northwest, IBN, Mullen Technologies, Agriculture

BREA, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of zero-emissions commercial vehicle dealers, Minnesota-based Ziegler Truck Group (“Ziegler” or “ZTG”) and Washington-based Range Truck Group (“Range” or “RTG”), a part of the Ziegler Companies distribution network.

Key Points: 
  • BREA, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of zero-emissions commercial vehicle dealers, Minnesota-based Ziegler Truck Group (“Ziegler” or “ZTG”) and Washington-based Range Truck Group (“Range” or “RTG”), a part of the Ziegler Companies distribution network.
  • As Mullen’s new franchise partners, RTG and ZTG will cover national and regional fleet opportunities for Mullen commercial EVs with a focus on the Pacific Northwest and upper Midwest regions of the United States.
  • With a 110-year legacy of selling and servicing premier brands in construction and agriculture equipment, Ziegler and Range Truck Group, independent entities as part of the Ziegler Companies portfolio, are focused on delivering advanced infrastructure and cutting-edge zero-emissions solutions to the commercial transportation sector.
  • Ziegler Companies, a family-owned equipment dealer since 1914, is a group of industry pioneers and now leading providers of zero-emissions commercial trucks.

Mullen Announces $150 Million Financing Commitment

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火曜日, 5月 14, 2024
EV, CARB, Free-trade zone, HVIP, Mullen, IBN, B4, FTZ, Bollinger Motors

BREA, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has received a $100 million financing commitment from a family office and has sold up to an additional $50 million of senior secured convertible notes to family offices and high net worth investors. These commitments satisfy the Company’s capital needs over the next 13 months. The Company sold such investors $12.5 million in notes on May 14, 2024.  

Key Points: 
  • BREA, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has received a $100 million financing commitment from a family office and has sold up to an additional $50 million of senior secured convertible notes to family offices and high net worth investors.
  • The Company sold such investors $12.5 million in notes on May 14, 2024.
  • With the $150 million funding commitment, the Company has enough cash and cash equivalents to fund operations over the next 13 months for both Mullen and Bollinger Motors, which includes Bollinger Motors B4 vehicle production.
  • Mullen has recently announced several advancements including, California Air Resource Board (CARB) HVIP approval on the Mullen THREE, Class 3 EV truck and providing up to $45,000 cash voucher at time of vehicle purchase.

4 Gen Logistics Advances Sustainable Goods Movement with 41 Volvo VNR Electric Trucks

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月曜日, 5月 6, 2024
ACT, Inland Empire, Volvo Trucks, Las Vegas Convention Center, Volvo, ISO 50001, Safety, TEC, Partnership, ISO, Transport, Carbon, HVIP, Environment, La Mirada, California, Volvo Financial Services, Platinum, MSRC, Port, Growth, Truck, Automotive industry

Volvo Financial Services provided funding support for 4 Gen Logistics’ scaled Volvo VNR Electric fleet.

Key Points: 
  • Volvo Financial Services provided funding support for 4 Gen Logistics’ scaled Volvo VNR Electric fleet.
  • “We're excited to collaborate with our dealer partner, TEC Equipment, to support the 4 Gen Logistics team in optimizing the benefits of their Volvo VNR Electric trucks.”
    With two driver shifts daily, 4 Gen Logistics’ Volvo VNR Electric fleet logs up to 240 miles per shift.
  • The dealerships will help 4 Gen Logistics maximize uptime for their Volvo VNR Electric trucks as part of the Volvo Gold Contract, a premier service offering for the Volvo VNR Electric model that provides a turn-key solution to provide customers with operational peace of mind with electric vehicles.
  • To learn more about Volvo Trucks North America and the Volvo VNR Electric, visit the company website .

Mullen Signs Agreement with California Based and HVIP Approved, National Auto Fleet Group

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月曜日, 5月 6, 2024
Sale, System, EVS, EPA, MSRP, TCO, Smell, HVIP, IBN, Mullen, Local government, Mullen Technologies, CARB, EV, Government, Renewable energy

BREA, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the addition of California based commercial dealer,  National Auto Fleet Group ("NAFG"). NAFG will offer Mullen’s full line of all-electric commercial vehicles, the Mullen ONE, Class 1 EV cargo van and Mullen THREE, Class 3 EV cab chassis truck, which is HVIP approved and provides up to $45,000 cash voucher at purchase. NAFG will support national fleet customers via Sourcewell and offer Mullen’s commercial vehicle lineup in the following two key market locations in California:

Key Points: 
  • NAFG will support national fleet customers via Sourcewell and offer Mullen’s commercial vehicle lineup in the following two key market locations in California:
    NAFG, founded in 1980, is based in Northern California and is a premier all-in-one, minority family-owned vehicle dealership group specializing in government fleet sales in California and across the United States.
  • With Mullen we will offer municipal and government fleets the opportunity to work more efficiently, with a stronger TCO and with zero emissions,” said Clarke Cooper, National Fleet Auto Group.
  • NAFG is also an approved California Air Resource Board (“CARB”) HVIP dealer and will be able to provide point of sale vouchers for the Mullen THREE, Class 3 EV truck.
  • Under HVIP, the 2024 Mullen THREE, with a suggested MSRP of $68,500, qualifies for an up to $45,000 cash voucher.