OAK PARK, Mich., July 16, 2024 (GLOBE NEWSWIRE) -- via IBN -- Bollinger Motors, Inc., an electric commercial vehicle ("EV") manufacturer, today announces it has named former GM executive James Taylor as CEO. He will take over for company founder Robert Bollinger, who will remain on the company's Board of Directors and a major shareholder.
In addition, the company promoted Bryan Chambers to President and Chief Operating Officer and Siva Kumar to Chief Strategy Officer and Senior Vice President of Finance.
"The leadership changes position Bollinger Motors for continued success, as these three executives have, and will continue to have, a profound impact on our trajectory," Bollinger said. "I have benefitted from my collaboration with Jim and his deep industry experience. Now is the right time, and Jim is the right person, to build on our momentum and get Bollinger to its ultimate goal."
Taylor has worked closely with Robert Bollinger to bring the company's all-electric Bollinger B4 Class 4 Chassis Cab to market. Taylor is a veteran automotive executive who has held leadership positions with Cadillac and Hummer, and has deep electric vehicle experience with Electric Last Mile Solutions, Workhorse, Karma, SF Motors and Mullen Automotive for the last two years.
"I am grateful and excited for this opportunity to continue moving Bollinger Motors toward a leadership role in the electric vehicle industry," Taylor said. "Robert and his team have done an incredible job of creating a world-class electric truck with the Bollinger B4, and the upcoming Bollinger B5. The response from the market has been very encouraging and we are well-positioned to disrupt the Class 4 trucking market."
Chambers has over 35 years in automotive leadership and joined Bollinger Motors in 2018 as Program Director and rose to Chief Operating Officer. Prior to Bollinger Motors, Chambers operated Chambers Services, LLC, a manufacturing consulting firm. He also has held positions with Alternative Automotive Technologies, Saleen, MSX International and Allied Signal.
Kumar joined Bollinger Motors in 2022 as Chief Financial Officer. Prior to Bollinger Motors, he was CFO for Optimal EV. He also has held positions with Skanda Capital, Ford Motor Company, Meritor and Tenneco Automotive.
Bollinger Motors plans to launch the Bollinger B4 Chassis Cab in the second half of 2024.
The vehicle is an all-new, battery-electric, zero-emissions Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 800-volt battery and components to offer unparalleled capability, flexibility and performance in the commercial market. Bollinger Motors recently qualified for federal clean vehicle purchasing incentives under the Inflation Reduction Act, which provides $40,000 in refundable tax credits per truck.
Bollinger Motors has reached several milestones in recent months, including: receiving the Certificate of Conformity from the Environmental Protection Agency; an 80 vehicle sale to Momentum Groups; a 50 vehicle sale to EnviroCharge; the addition of Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Auto Group as dealers and service centers; Our Next Energy in Novi, Michigan, to supply battery packs; Roush Industries in Livonia, Michigan, to manage vehicle assembly operations; Syncron as its warranty administration partner; and Amerit Fleet Solutions as its mobile service provider.
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger Motors is developing all-electric commercial chassis cab trucks, Classes 4-6. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at www.BollingerMotors.com and www.MullenUSA.com.
FORWARD-LOOKING STATEMENT
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include: (a) Bollinger Motors' ability to finalize a sales agreement with EnviroCharge and Momentum Groups and deliver purchased vehicles on schedule; (b) Bollinger Motors' continued partnership with Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers; (c) Bollinger Motors' continued partnership with Our Next Energy as a battery supplier; (d) Bollinger Motors' continued partnership with Roush Industries as a contract manufacturer; (e) Bollinger Motors' continued relationship with Syncron as its warranty administration provider; (f) Bollinger Motors' continued relationship with Amerit Fleet Solutions as its mobile service provider and (g) the continued availability and support for federal commercial vehicle purchasing incentives under the Inflation Reduction Act of 2022.
Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Motors' ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Motors' ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Motors' ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Motors' ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Motors' business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Motors' business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Motors' business; (x) Bollinger Motors' ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially owned subsidiary[NP1] [JP2], with the Securities and Exchange Commission. Bollinger Motors anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Bollinger Motors assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Motors' plans and expectations as of any subsequent date.
SOURCE Bollinger Motors
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