Bollinger Innovations, an electric vehicle manufacturer, has announced additional cost-cutting measures including staff cuts and facility closures to reduce operating expenses.
Quarter ending June 30, 2025, G&A and R&D expenses were $47.7M; reduced to $18.6M (61% drop) per quarter moving forward.
Recent consolidation led to further reductions, including staff cuts, facility closures in several locations, and elimination of third-party manufacturing.
Significant Expense Reduction
G&A and R&D expenses reduced from $47.7M to $18.6M per quarter, a 61% drop.
Consolidation Efforts
Consolidated operations leading to staff reductions, facility closures, and in-house production line relocation.
Operational Efficiency
Focus on reducing burn rate while aiming for increased commercial revenue generation.
- The cost-cutting measures aim to improve the company's operational efficiency and financial stability.
- Consolidation of operations and in-house production could lead to enhanced control over the manufacturing process.
Bollinger Innovations' strategic cost-cutting measures and operational streamlining signify a focused approach towards sustainable growth and profitability in the electric vehicle market.