TinyGemsBreaks – 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…