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Beam Global (Europe) Announces Record Orders in the First Two Months of 2025
Globe Newswire 27-Feb-2025 7:00 AM
SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced record sales for the first two months of 2025, in Europe. Beam Global has achieved a 79% increase in new contracted orders in its European division, compared to the same period in 2024, demonstrating that the European market represents a significant growth and diversification opportunity for the Company.
Since the beginning of the year, contracted product sales have increased to a new record, driven by strong demand for street lighting and other infrastructure products.
"Our expansion into Europe has created opportunities for sales growth, both in our renewably energized EV charging and energy security products, as well as in our smart cities and street lighting portfolios," said Desmond Wheatley, CEO of Beam Global. "While the new administration has created uncertainty around U.S. government EV adoption, EV sales were actually up 30% in the U.S. in January compared to 2024, according to Cox Automotive, and 34% in Europe, according to EuroNews. We intend to focus heavily on growing sales through our European operations while continuing to support the growth of EV charging requirements in the U.S. Congratulations to our European team for setting this new January and February sales record."
To foster growth and diversify revenue streams beyond the U.S, Beam Global is expanding its European presence through aggressive sales strategies. Most recently, Beam Global CEO, Desmond Wheatley, along with members of the European sales team, met with prospective customers, government officials, airport representatives, EV charging and e-bike sharing companies, and others in the UK, France, Croatia, Serbia, Montenegro, North Macedonia, and Greece.
Greater Europe represents the largest automobile market in the world, with over 405 million cars. A 2035 EU mandate bans the sale of internal combustion vehicles in less than ten years, while the EU also mandated a reduction in net greenhouse gas emissions of at least 55% by 2030. As a result, interest in Beam Global's innovative and sustainable EV ARC™, BeamSpot™ BeamBike™ and BeamPatrol™ products are growing significantly in the region.
About Beam Global Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Chicago, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube, Instagram and X (formerly Twitter).
Forward-Looking Statements This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global's actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
