Beam Global's Expansion Strategy Drives Success in European Market - Business

Beam Global Reports Record Q2 Orders and Expansion into Europe

Beam Global , a leading provider of sustainable infrastructure solutions , announced a significant increase in purchase orders for the second quarter of 2024 . The company reported a 128 % year - over - year growth , totaling 0.6 million in new orders . These orders included expansions in government contracts and commercial business , with notable growth in the U.S. market.

In the U.S. , Beam Global saw a 66 % increase in commercial orders , highlighting the continued demand for electric vehicle ( EV ) charging infrastructure . The company also expanded its reach to European markets by shipping its first EV ARC systems to Cyprus for the UK Ministry of Defence . This milestone marked a significant achievement since Beam Global 's entry into the European market.

 The Beam Team has had a solid first half of 2024 and we are only just beginning to see the impact from our expansion into Europe where we sold our first million - dollar order in less than five months from the creation of Beams European operations – a milestone which took five years in the U.S. , said Desmond Wheatley , CEO of Beam Global.

With new customer deployments and multi - unit orders , Beam Global continues to grow its customer base and product offerings . The company also secured a custom industrial battery design for a major multinational conglomerate and manufactured a record number of ARC Mobility trailers , providing customers with increased flexibility and mobility for their EV ARC systems.

Expansion and Innovation Drive Beam Global 's Growth

Beam Global 's success in the first half of 2024 can be attributed to its expansion efforts and focus on innovation . The company 's management team , led by CEO Desmond Wheatley , rang the opening bell at Nasdaq to celebrate five years on the Stock market . During this time , Beam Global has seen a tenfold increase in revenues , improved gross profitability , and won multiple international patents.

 While the EV industry has recently seen some negative and often contradictory reporting , we continue to feel extremely positive about Beam Globals progress and long - term growth , particularly as we expand our patented product portfolio and open up new national and international markets.

Looking ahead , Beam Global plans to introduce new sustainable EV charging infrastructure products and expand its patent pipeline . The company remains debt - free , with sufficient cash reserves and access to additional credit lines , positioning it for continued growth and success in the evolving clean technology market.

Driving Sustainable Solutions for Energy Security

Beam Global 's focus on sustainable energy infrastructure , EV charging solutions , and energy storage aligns with the growing demand for clean technology solutions . The company 's commitment to providing secure sources of electricity , reducing environmental impact , and supporting sustainability initiatives has fueled its expansion into new markets and customer segments.

As Beam Global continues to innovate and expand its product offerings , the company remains optimistic about its long - term growth prospects . With a strong foundation in clean technology and a track record of success , Beam Global is well - positioned to lead the transition towards a more sustainable and energy - efficient future.