09:57 AM EDT, 06/13/2024 (MT Newswires) -- Mullen Automotive ( MULN ) said Thursday that its Bollinger Motors unit has reached an agreement to sell 80 all-electric class 4 commercial trucks to Momentum Groups for about $13.2 million.

Bollinger Motors will start production of the trucks in the second half of the year, Mullen said.

The company said each truck qualifies for a federal tax credit of $40,000 as Bollinger Motors is qualified for federal clean vehicle purchasing incentives under the Inflation Reduction Act.