Workflow
Mullen Three
icon
Search documents
Bollinger Innovations Receives $1,074,035 for Vehicles Sold in August 2025; Company Continues Sales Momentum and Improves Cash Flow
Globenewswireยท 2025-09-18 13:15
Core Viewpoint - Bollinger Innovations, Inc. has made significant progress towards cash flow breakeven with recent vehicle sales and cost reductions, indicating a positive trajectory for the company's future in the electric vehicle market [1][2]. Group 1: Financial Performance - The company received $1,074,035 for vehicles sold in August 2025, with payments from Pritchard Automotive and Ziegler Truck Group [1]. - The sale of vehicles on September 4, 2025, is part of a broader strategy to enhance revenue and achieve financial stability [1][2]. Group 2: Product Offerings - Bollinger Innovations' commercial EV lineup includes the Mullen One (Class 1 urban delivery EV cargo van), Mullen Three (Class 3 urban utility EV cab chassis truck), and Bollinger B4 Chassis Cab (Class 4 commercial truck) [3]. - All vehicles comply with U.S. Federal Motor Vehicle Safety Standards and environmental regulations, ensuring adherence to clean air emissions standards [4]. Group 3: Market Position and Strategy - The company has established a national sales network, including key partners like Ziegler Truck Group, which supports its vision for a sustainable transportation future [2][5]. - Bollinger Innovations operates a U.S.-based manufacturing facility in Tunica, Mississippi, and has a growing dealer network across various regions [5].