SAN DIEGO, Calif. and LUMMI NATION, Wash., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, announced today that Northwest Indian College (NWIC) has expanded its clean energy initiatives, becoming the first accredited Tribal college to deploy both Beam Global’s BeamBike™ solar-powered ebike charging system and EV ARC™ systems. NWIC, ...

SAN DIEGO, Calif. and LUMMI NATION, Wash., Oct. 21, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security and smart city infrastructure, announced today that Northwest Indian College (NWIC) has expanded its clean energy initiatives, becoming the first accredited Tribal college to deploy both Beam Global’s BeamBike™ solar-powered ebike charging system and EV ARC™ systems. NWIC, ...

Core Insights - Beam Global has entered a joint venture with Platinum Group LLC to form Beam Middle East LLC, focusing on sustainable infrastructure solutions for transportation electrification and energy security in the Middle East and Africa [1][2][3] Company Overview - Beam Global is a clean technology innovator specializing in sustainable infrastructure products and technologies, with operations in the U.S. and Europe [10] - Platinum Group UAE is a diversified conglomerate with strong relationships across government and industry, chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan [9] Joint Venture Details - Beam Middle East LLC will be a 50/50 joint venture, headquartered in Masdar City, Abu Dhabi, and will manufacture and sell Beam Global's patented technologies [8] - Beam Global will provide proprietary technologies, training, and marketing support, while Platinum Group will leverage its local relationships and coordinate sales [8] Market Potential - Planned spending on sustainable infrastructure in the region is projected to reach $75.6 billion by 2030, indicating significant growth opportunities for Beam Global's solutions [3] - The number of electric vehicles (EVs) in the region is expected to grow from approximately 69,000 in 2024 to about 1.5 million by 2030, representing a CAGR of 66.6% [6] - Addressable revenue from regional chargers using Beam's EV ARC™ units could reach $516.5 million by 2030 [6] Product Opportunities - BeamBike™ units could represent a revenue opportunity of $245 million in the region by 2030, assuming eBikes account for 5% of total EV volume [6] - The potential revenue opportunity for BeamSpot™ units in Abu Dhabi is estimated at approximately $322.1 million, assuming a market penetration of 5% [6] Strategic Importance - The partnership is positioned to leverage Platinum's influence and relationships to secure direct access to decision-makers in the region, which is crucial for success in the Middle East and Africa [3][8]