Bollinger Innovations, Inc. (NASDAQ: BINI), an electric vehicle manufacturer, announced it has received $1,074,035 in payments for Class 1, 3 and 4 commercial EV sales completed in August 2025. The payments came from Pritchard Automotive for DB Schenker and from Ziegler Truck Group, both part of previously announced transactions. This financial milestone underscores the growing demand for Bollinger's commercial electric vehicles as the company builds momentum alongside recent cost reductions.
The company's lineup includes the Mullen One Class 1 delivery van, the Mullen Three Class 3 utility truck, and the Bollinger B4 Class 4 chassis cab, all fully compliant with U.S. safety and emissions standards. These vehicles are designed to meet the needs of fleet operators looking to transition to zero-emission solutions. The August sales figures reflect progress in Bollinger's strategy to penetrate key commercial markets.
Bollinger Innovations operates a U.S.-based vehicle manufacturing facility in Tunica, Mississippi. Its commercial dealer network consists of six dealers, including 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, and Mid-Atlantic markets. The network expansion is critical for reaching fleet customers across the country.
Bollinger Motors, of Oak Park, Michigan, an established EV truck company of Bollinger Innovations, has passed numerous milestones including its B4 Class 4 electric truck production launch on Sept. 16, 2024, and the development of a dealer network with over 50 locations across the United States for sales and service support. The strong dealer presence enhances customer confidence and service capabilities.
The announcement comes as the commercial EV sector faces increasing competition and supply chain challenges. Bollinger's ability to secure payments from major logistics firms like DB Schenker indicates that its vehicles are gaining traction in the fleet market. The company's focus on cost reduction is also vital for improving margins and competitiveness against traditional internal combustion engine vehicles.
Investors should note that Bollinger Innovations is still in the early stages of scaling production and sales. The August revenue of $1.07 million, while modest compared to larger automakers, represents a step forward for the company. The successful integration of acquisitions and the expansion of the dealer network will be key factors in sustaining growth. For more information, visit the company's newsroom at https://ibn.fm/BINI.
