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Posted On: 09/15/2025 4:13:46 PM
Post# of 1132
NetworkNewsBreaks – Bollinger Innovations, Inc. (NASDAQ: BINI) Cuts Quarterly Cash Burn by 58% While Advancing EV Sales
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced it has reduced its quarterly cash burn from $21.2 million to $8.9 million, a 58% decrease. The Company said cost-cutting measures have been implemented without affecting marketing, sales, or manufacturing capabilities as EV sales momentum grows across commercial vehicle Classes 1, 3 and 4. Its lineup includes the Class 1 urban delivery EV cargo van, the Class 3 urban utility EV cab chassis truck, and the Bollinger B4 Chassis Cab, an all-electric Class 4 commercial truck designed with extensive fleet and upfitter input. All vehicles are available for sale in the U.S. and comply with Federal Motor Vehicle Safety Standards, EPA regulations, and CARB certifications.
NOTE TO INVESTORS: The latest news and updates relating to BINI are available in the company’s newsroom at https://nnw.fm/BINI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced it has reduced its quarterly cash burn from $21.2 million to $8.9 million, a 58% decrease. The Company said cost-cutting measures have been implemented without affecting marketing, sales, or manufacturing capabilities as EV sales momentum grows across commercial vehicle Classes 1, 3 and 4. Its lineup includes the Class 1 urban delivery EV cargo van, the Class 3 urban utility EV cab chassis truck, and the Bollinger B4 Chassis Cab, an all-electric Class 4 commercial truck designed with extensive fleet and upfitter input. All vehicles are available for sale in the U.S. and comply with Federal Motor Vehicle Safety Standards, EPA regulations, and CARB certifications.
NOTE TO INVESTORS: The latest news and updates relating to BINI are available in the company’s newsroom at https://nnw.fm/BINI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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