GreenCarNewsBreaks — 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.

To view the full press release, visit https://ibn.fm/2NeFE

About Bollinger Innovations, Inc.

Bollinger Innovations (NASDAQ: BINI) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with a U.S. based vehicle manufacturing facility located in Tunica, Mississippi. Both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are available for sale in the U.S. The Company’s commercial dealer network consists of six dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets. Bollinger Motors, of Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.

NOTE TO INVESTORS: The latest news and updates relating to BINI are available in the company’s newsroom at https://ibn.fm/BINI

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