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Bollinger Innovations Takes Further Cost Cutting Actions Resulting in Reducing Its Quarterly Cash Burn from $21.2M to $8.9M; a 58% Quarterly Decrease
Globenewswire· 2025-09-15 12:45
Company is reducing expenses without affecting marketing, sales and manufacturing capabilities while sales momentum continues to growBREA, Calif., Sept. 15, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has taken further cost cutting actions by reducing its quarterly cash burn from $21.2 million to $8.9 million, resulting in a 58% decrease. The Company remains foc ...
Bollinger Motors Announces 30 Unit Vehicle Sale to Ziegler and Range Truck Groups, DB Schenker and Larsen Enterprises
Globenewswire· 2025-09-04 13:10
Sales invoiced at $1,074,035; Company in receipt of full payment from DB Schenker and expects to receive full payment from Ziegler/Range on or before Sept. 30, 2025 Vehicles include 20 Class 1 urban delivery EV cargo vans, six Class 3 urban utility EV trucks and four Class 4 all-electric Bollinger B4 trucks Two Bollinger B4s delivered to Larsen Enterprises on Aug. 29, 2025 BREA, Calif., Sept. 04, 2025 (GLOBE NEWSWIRE) -- via IBN -- Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “ ...