EV ARC™
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Beam Global and HEVO Inc. Launch Market-Ready Autonomous Charging Platform for Autonomous Vehicles
Globenewswire· 2026-02-24 13:10
Core Insights - Beam Global and HEVO Inc. have launched an integrated autonomous wireless charging system for electric vehicles, utilizing Beam's solar-powered EV ARC™ infrastructure and HEVO's Rezonant™ wireless charging technology, aimed at the autonomous vehicle sector and commercial electric vehicle fleets [1][2][3] Group 1: Technology and Product Offering - The integrated solution combines HEVO's wireless charging hardware and software with Beam's off-grid EV ARC™ systems, enabling automated charging without the need for human intervention [2][5] - The system is designed for rapid deployment and is already generating interest from various sectors, including AV operators and government agencies in the U.S. and UAE [1][3][6] - Key features include hands-free charging, compatibility with any AV or EV, and significant cost reductions by avoiding construction and utility connections [10] Group 2: Market Context and Growth Potential - The U.S. policy environment is becoming more favorable for AV deployment, with support from the Trump administration for streamlined permitting and reduced regulatory barriers [4] - The UAE's AV market is projected to reach approximately $2.7 billion by 2030, with a compound annual growth rate of 19.2% from 2025 to 2030, indicating strong demand for scalable AV charging solutions [4] Group 3: Strategic Collaboration and Future Plans - Beam Global and HEVO are advancing commercial rollouts and will conduct joint demonstrations to showcase the capabilities of their integrated platform [3][6] - The collaboration aligns with both companies' global growth strategies and aims to enhance the adoption of autonomous mobility solutions [5][6]
Beam Global Announces Q4 2025 Revenue Increased Over 50% from Prior Quarter
Globenewswire· 2026-01-14 11:00
Core Insights - Beam Global reported preliminary fourth quarter revenue for 2025, marking the strongest quarterly performance since Q3 2024 [1] - The company experienced over 50% revenue growth from the prior quarter, driven by new products, expanded international activity, and increased sales to commercial customers [2] Revenue Performance - Fourth quarter 2025 revenue increased over 50% from the previous quarter, indicating a strong finish to the year [2] - International sales accounted for approximately 50% of the fourth quarter's revenue, showcasing the benefits of the company's expanding global presence [3] - Non-government commercial revenues represented about 84% of the quarter's revenue, reflecting a shift away from a historically federal government-focused customer base [3] Product Diversification - Non-EV ARC™ products contributed approximately 70% of fourth quarter revenue, highlighting growth across a diversified product portfolio [3] - Sales of EV ARC™ products increased in Europe, validating the company's strategy to penetrate the largest automotive market [3] Strategic Initiatives - The CEO emphasized that Beam Global has transitioned from reliance on U.S. government revenues to a global footprint with a diverse product portfolio [4] - The company introduced new products and expanded international operations in 2025, focusing on non-U.S. federal government customers [4] - The fourth quarter results reflect the cumulative impact of these strategies, with increased sales across various geographies and customer segments [4]
Royal Jordanian Armed Forces Deploy BeamWell™ Desalination, Energy and E-Mobility Product at Royal Medical Services Facility
Globenewswire· 2025-12-04 11:00
Core Insights - Beam Global has deployed the BeamWell™ off-grid solar desalination and energy system in Zarqa, Jordan, in collaboration with the Jordan Armed Forces and the Jordanian Royal Medical Services [9][10] - The system produces 3,000 liters of clean drinking water daily and provides electricity for cooking and refrigeration, as well as e-mobility solutions for delivering essential supplies in areas lacking utilities [10][14] - The CEO of Beam Global, Desmond Wheatley, emphasized the technology's potential to address humanitarian needs not only in Gaza but across the Middle East and Africa, as well as in disaster-stricken areas in developed countries [11][14] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating in clean energy and transportation sectors [16] - The company develops and manufactures solutions that include energy storage, energy security, and smart city infrastructure, with a presence in the U.S., Europe, and the Middle East [16] - Beam Global is listed on Nasdaq under the symbol BEEM and is headquartered in San Diego, California [16]
City of Dallas Orders Additional Beam Global EV ARC™ Systems
Globenewswire· 2025-11-19 11:00
Core Insights - Beam Global has received an order from the City of Dallas for seven additional EV ARC™ sustainable electric vehicle charging systems, marking the city's third deployment of this technology and the fourth overall purchase from Beam Global [1][2]. Company Overview - Beam Global is a provider of innovative and sustainable infrastructure solutions focused on the electrification of transportation, energy security, and smart city infrastructure [1][5]. - The company develops and manufactures sustainable infrastructure products and technologies, operating at the intersection of clean energy and transportation [5]. Product Details - The EV ARC™ systems generate and store their own clean electricity, allowing for off-grid EV charging and backup power during emergencies [2]. - These systems can be deployed without the need for construction, electrical work, or utility connections, providing immediate charging solutions [2]. Government Contracts - The purchase by the City of Dallas was facilitated through the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) Contract, which simplifies the procurement process for government organizations [2][3]. - Beam Global's renewed GSA contract and Sourcewell contract allow government entities to acquire their solutions without lengthy bidding processes, expediting the deployment of charging infrastructure [3]. Environmental Goals - The City of Dallas aims to transition to a fully electric fleet by 2040, with all new light-duty vehicles and transit buses being electric by 2030, as part of its climate action plan targeting carbon neutrality by 2050 [3]. - Beam Global's renewable charging solutions support the city's goal of achieving a zero-emission transportation future [3].
Beam Global Announces Third Quarter 2025 Operating Results
Globenewswire· 2025-11-14 21:31
Core Viewpoint - Beam Global reported a significant decrease in revenues for Q3 2025, largely attributed to unfavorable order timing, while simultaneously making strategic expansions into the Middle East and enhancing its product offerings for electric mobility solutions [4][6][7]. Recent Operational Highlights - The company opened offices in the Middle East and entered the MEA market through a joint venture in Abu Dhabi [5]. - Beam Global deployed EV ARC™ and BeamBike™ systems in Abu Dhabi and BeamWell™ in Jordan for the Royal Jordanian Armed Forces [5]. - The company signed reselling agreements in the U.S. and Europe and renewed its GSA Multiple Award Schedule contract through October 2030 [5]. - Beam Global received several new patents, enhancing its competitive position [5]. Financial Highlights - For Q3 2025, revenues were $5.8 million, a 50% decrease from $11.5 million in Q3 2024, with 82% of revenues coming from non-government commercial entities [6]. - For the first nine months of 2025, revenues decreased 53% to $19.2 million compared to $40.9 million in the same period in 2024, with non-government commercial revenues growing to 67% [7]. - Gross margin for Q3 2025 was -1%, compared to 11% in Q3 2024, while adjusted non-GAAP gross margin was 22%, a 4-percentage point increase from the previous year [8][9]. - Operating expenses for Q3 2025 were $4.8 million, a significant reduction from $11.6 million in Q3 2024, reflecting improved operational efficiencies [11]. - The net loss for Q3 2025 was $4.9 million, compared to a net profit of $1.3 million in Q3 2024 [13]. Cash Position - As of September 30, 2025, the company had cash of $3.3 million, down from $4.6 million at the end of 2024, with working capital of $10.9 million [15].
Beam Middle East to Introduce EV ARC™ and BeamBike™ at DRIFTx in Abu Dhabi
Globenewswire· 2025-11-04 11:00
Core Insights - Beam Global is showcasing its EV ARC™ solar-powered electric vehicle charging system and BeamBike™ off-grid eBike charging system at DRIFTx in Abu Dhabi, marking its first deployment in the UAE [1][2][3] - The event is part of Abu Dhabi Autonomous Week and focuses on smart and autonomous mobility, attracting global innovators, investors, and regulators [2][3] Company Overview - Beam Global is a clean technology innovator that develops sustainable infrastructure products and technologies, focusing on clean energy and transportation [4] - The company operates in the U.S., Europe, and the Middle East, with a headquarters in San Diego, CA, and facilities in Broadview, IL, Belgrade, Kraljevo, Serbia, and Abu Dhabi, UAE [4] Product Highlights - The EV ARC™ and BeamBike™ systems provide renewable, rapidly deployable, and grid-independent charging infrastructure, aligning with the region's sustainability goals [2] - These systems support the growth of electric vehicles and e-bikes without the need for construction, permitting, or grid connection [2] Leadership Engagement - Beam Global's CEO Desmond Wheatley and Head of Beam Europe Operations Ivan Tlačinac will engage with government leaders and mobility innovators at the event [3] - Wheatley is scheduled to deliver a presentation titled "Powering Autonomy: Building Resilient, Electrified Cities for the Age of Intelligent Mobility" [3]
Northwest Indian College Becomes First Tribal College to Deploy Both Beam Global’s BeamBike™ and EV ARC™ Systems
Globenewswire· 2025-10-21 10:12
Core Insights - Beam Global has partnered with Northwest Indian College (NWIC) to implement sustainable energy solutions, marking NWIC as the first accredited Tribal college to deploy Beam's solar-powered ebike charging system and EV ARC systems [1][3][4] Company Overview - Beam Global specializes in innovative and sustainable infrastructure solutions for transportation electrification, energy security, and smart city infrastructure [1][8] - The company is publicly traded on Nasdaq under the symbol BEEM and operates in the U.S., Europe, and the Middle East [8] Industry Context - The global ebike market was valued at approximately $61.89 billion in 2024 and is projected to grow to $113.64 billion by 2030, with a compound annual growth rate (CAGR) of 10.3% from 2025 to 2030 [6]
Northwest Indian College Becomes First Tribal College to Deploy Both Beam Global's BeamBike™ and EV ARC™ Systems
Globenewswire· 2025-10-21 10:12
Core Insights - Beam Global has partnered with Northwest Indian College (NWIC) to implement sustainable energy solutions, marking NWIC as the first accredited Tribal college to deploy Beam's solar-powered ebike charging system and EV ARC systems [1][3][4] Company Overview - Beam Global specializes in innovative and sustainable infrastructure solutions for transportation electrification, energy security, and smart city infrastructure [1][8] - The company is publicly traded on Nasdaq under the symbol BEEM and operates in the U.S., Europe, and the Middle East [8] Industry Context - The global ebike market was valued at approximately $61.89 billion in 2024 and is projected to grow to $113.64 billion by 2030, with a compound annual growth rate (CAGR) of 10.3% from 2025 to 2030 [6]
U.S. General Services Administration Renews Beam Global Contract Through 2030
Globenewswire· 2025-08-26 10:00
Core Points - Beam Global has announced the renewal of its Multiple Award Schedule (MAS) contract with the U.S. General Services Administration (GSA) through October 31, 2030, with options to extend availability until October 31, 2040 [1][4] - The renewal includes the addition of Beam Global's products to Special Item Number (SIN) 334512, allowing state and local governments to purchase its offerings through the GSA MAS program [2] - Cooperative Purchasing will streamline procurement for eligible agencies, enabling direct purchases from pre-negotiated GSA contracts without lengthy RFP processes [3] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating in the clean energy and transportation sectors [6] - The company develops and manufactures solutions for sustainable energy infrastructure, EV charging, energy storage, and smart city services, with operations in the U.S., Europe, and the Middle East [6] - Beam Global is headquartered in San Diego, CA, and is listed on Nasdaq under the symbol BEEM [6]
Beam Global and Platinum Group UAE Sign Joint Venture Agreement Creating Beam Middle East LLC
Globenewswire· 2025-06-26 10:00
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]