Bollinger Innovations announces additional cost cutting measures

Bollinger has initiated additional staff reductions and further elimination of facilities as the Company continues to consolidate business operations since its recent merger under the Bollinger Innovations (BINI) brand. The Company continues focus on reduction of current burn rate while increasing near term commercial revenue generation. For the quarter ending June 30, 2025, G&A and R&D expenses totaled $47.7M. The Company has further reduced G&A and R&D to $18.6M per quarter moving forward. Post recent consolidation of Company operations under Bollinger Innovations, additional reductions include the following: Additional reduction in staff, post recent consolidation of Company operations; Further elimination of facilities and personnel in Irvine, CA, Monrovia, CA, Mishawaka, IN; Elimination of third-party manufacturing, specifically Roush Industries; Consolidation of B4 production line from Roush Industries to Company-owned plant in Tunica, MS; Additional reduction of operating expense burn rate The Company’s commercial EV lineup includes the Class 1 urban delivery EV cargo van, and the Class 3 urban utility EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery and service. The Bollinger B4 Chassis Cab is an all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. All vehicles are available for sale in the U.S. and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board certifications denoting strict adherence to clean air emissions standards.