Bollinger Innovations Inc
bollingerev.comWhat Do They Do?
Builds and sells Bollinger commercial electric trucks and Mullen commercial vans and trucks to fleet operators, government buyers and businesses.
10-K for FY2024, filed Jan 24, 2025Bollinger B4 Chassis Cab: The all-new 2025 Bollinger B4 chassis cab began serial production on September 16, 2024, and is currently…View ↗
Mullen Class 1 Cargo Van: The Mullen ONE van features specifications offering a good fit for a variety of applications including last mile…View ↗
Mullen Class 3: The Mullen THREE is a low cab forward electric vehicle targeting over 5,684 pounds of max payload, 11,000 pounds gross…View ↗
Fleet and Commercial segments represent a large portion of the total U.S. commercial market and includes Government, Commercial and…View ↗
Bollinger Motors employs a traditional OEM-Dealer Network sales approach. By December 31, 2024, Bollinger Motors has built a network of…View ↗
How Do They Make Money?
The company sells electric vehicles to dealers and customers; sales are generally counted when the vehicle is delivered. Customer deposits are applied to the vehicle price when a vehicle is sold and delivered.
10-K for FY2024, filed Jan 24, 2025
-
10-K for FY2024, filed Jan 24, 2025
FY2024 revenue by reportable segment ↗
$1.1M
-
10-K for FY2024, filed Jan 24, 2025
$1.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bollinger Motors Inc.
Sold outright
10-K for FY2024, filed Jan 24, 2025 |
64% |
Bollinger Motors Inc., FY2024
$702.5K Sources
|
Sold outright |
|
Mullen Commercial Segment
Sold outright
10-K for FY2024, filed Jan 24, 2025 |
36% |
Mullen Commercial Segment, FY2024
$391.8K Sources
|
Sold outright |
Who Are Their Customers?
The company sells through dealership partners to commercial fleets, government and municipal buyers, and businesses, while directly demonstrating vehicles to fleets and municipal customers.
10-K for FY2024, filed Jan 24, 2025Fleet and Commercial segments represent a large portion of the total U.S. commercial market and includes Government, Commercial and…View ↗
The commercial sales and distribution plan is to form distribution partnerships with existing top performing commercial dealerships that…View ↗
Bollinger Motors employs a traditional OEM-Dealer Network sales approach. By December 31, 2024, Bollinger Motors has built a network of…View ↗
In 2024, we built on this momentum with expanded commercial marketing initiatives, including increased trade show participation, a stronger…View ↗
Do Revenues Turn Into Profits?
No. It lost $457.1M in FY2024.
10-K for FY2024, filed Jan 24, 2025
−$391.8MView ↗
10-K for FY2024, filed Jan 24, 2025
−$457.1MView ↗
10-K for FY2024, filed Jan 24, 2025
−$200.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Aug 14, 2025
−$129.7MView ↗
- ▲ +48% (Loss)
- vs −$87.4M in Q3 FY2024
-
Nov 26, 2025
Ends factory service and warranty support
The company is consolidating operations at one Oak Park location and considering dealer-led parts and vehicle programs.
Sources
8-K, filed Nov 26, 2025
On November 21, 2025, the management of Bollinger Innovations, Inc. (the “Company”) initiated a cost-reduction plan intended to streamline…View ↗
-
Oct 10, 2025
Moves trading from Nasdaq to OTC Markets
The company said its common stock would trade on OTCID after it withdrew its Nasdaq hearing request.
Sources
8-K, filed Oct 10, 2025
On October 8, 2025, Bollinger Innovations, Inc. (the “Company”) received written notification from the Listing Qualifications Staff (the…View ↗
-
Aug 14, 2025
Agrees to acquire additional Bollinger Motors stake
The announced additional 21% stake would bring ownership to 95%; the company said it resolved claims and debt tied to a receivership.
Sources
8-K, filed Aug 14, 2025
On June 2, 2025, the Company reached a definitive agreement to acquire an additional 21% of Bollinger Motors, bringing its total ownership…View ↗
Shrinking. Revenue fell 98% in 4 years, from $65.7M in FY2020 to $1.1M in FY2024, about 64% a year.
Commercial vehicle focus
The earlier report centered on a planned consumer electric crossover; the latest report instead describes a commercial-truck focus and says the crossover is on hold.
10-K for FY2021, filed Dec 29, 2021 10-K for FY2024, filed Jan 24, 2025
Loading...
