The electronic structure and stability of neutral and negatively charged Bi x In y (x ) 1-4, y ) 1-6) clusters are investigated through anionic photoelectron spectroscopy employing magnetic bottle and photoelectron velocity map imaging experiments. Experimental and theoretical adiabatic and vertical detachment energies of the anionic species containing up to 4 Bi and 4 In atoms are deduced from first principles calculations. Among the Bi x In y series, many clusters are found to exhibit special stability in the mass spectra, exhibit a large gap between the highest occupied and lowest unoccupied molecular orbitals (HOMO-LUMO gap), and a large formation energy. This stability is rationalized by different mechanisms. Bi 2 Inis classified as a gas phase Zintl species despite only having three atoms, making it the smallest possible case. Bi 3 In 2 -, with 12 valence electrons and a closo structure in agreement with Wade's rule, is similar to Bi 3 Ga 2 -, a gas phase Zintl analogue of Sn 5 2-. Bi 4 Inand Bi 4 In 2 are both found to follow Wade's rule, indicating gas phase Zintl clusters. BiIn 3 is a cyclic planar molecule similar to BiGa 3 and BiAl 3 , all-metal aromatic systems, and BiIn 5 is a 20 electron closed shell Jellium species. Additionally, an even-odd oscillation of the HOMO-LUMO gaps, formation energies, and adiabatic electron affinities are found correlating with the open-shell/closedshell nature of the clusters.