Beam Global Expands European Sales Network with Three New Distribution Partners

Rhea-AI Summary

Beam Global (NASDAQ: BEEM) announced the expansion of its European sales network through three new distribution partnerships. The company has signed agreements with Seltis Glass Design S.R.L. for Romania, Evrosimovski Consulting for North Macedonia, and BBA International for Albania.

The expansion leverages existing relationships through Beam Europe operations, allowing the company to increase its market reach without additional operating costs. This strategic move aims to capitalize on the European automotive market, where EU targets mandate 80% electric vehicle sales by 2030 and 100% by 2035. The EU electric vehicle charging station market, valued at $10.8 billion in 2024, is projected to grow at a CAGR of 29.3% from 2025 to 2034.

Positive

• Expansion into three new European markets without increasing operating costs
• Strategic entry into EU's EV charging market valued at $10.8B with 29.3% CAGR projection
• Leveraging existing trusted relationships for market expansion

Negative

• None.

Insights

Market Research Analyst

Beam Global's strategic expansion into Eastern European markets through local distributors reveals a sophisticated market entry strategy that merits careful analysis. The company's approach demonstrates three key strategic advantages:

Asset-Light Growth Model: By leveraging existing relationships and local expertise through distribution partnerships, Beam Global is executing a capital-efficient expansion strategy. This approach allows for market penetration without the substantial overhead costs typically associated with direct market entry, potentially improving near-term profitability metrics.

Market Timing & Positioning: The expansion aligns perfectly with the EU's aggressive EV mandate requiring 80% electric vehicle sales by 2030. Eastern European markets, particularly Romania as an EU member state, are poised for significant EV infrastructure growth due to:

• EU funding allocation for charging infrastructure
• Lower current EV penetration rates indicating higher growth potential
• Rising consumer demand driven by EU mandates and incentives

Strategic Market Selection: The choice of Romania, North Macedonia and Albania represents a calculated approach to market entry:

• Romania offers EU market access and significant EU funding for infrastructure development
• North Macedonia and Albania, as EU candidate countries, are implementing EV-friendly policies to align with EU standards
• These markets have less entrenched competition compared to Western European countries

The projected 29.3% CAGR in the EU charging station market through 2034 suggests substantial revenue potential, particularly as Eastern European markets accelerate their EV infrastructure buildout. However, success will depend on the distributors' ability to navigate local regulations and secure key contracts in their respective markets.

SAN DIEGO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced today that it is expanding its sales network in Europe with the addition of three new business partners:

• Seltis Glass Design S.R.L. for the Romanian market
• Evrosimovski Consulting Ltd. for the North Macedonian market
• BBA International for the Albanian market
  

“These distributor agreements with quality companies are an excellent continuation of our efforts to expand our selling resources across Europe,” said Desmond Wheatley, CEO of Beam Global. “We have existing trusted relationships with each of these companies through our Beam Europe operation, and now we are able to leverage their success and contacts to significantly increase our audience without adding to our operating costs. I’m looking forward to supporting the new customers they bring to Beam Global.”

This expansion marks a significant step into Beam Global's strategic growth into Europe, tapping further into the world's largest automotive market. Through the integration of outsourced distributors and agents, Beam Global intensifies its commitment to advancing the electrification of transportation and enhancing energy security with sustainable infrastructure solutions in Europe.

Market Overview (EUROPE)

• The EU has set ambitious targets, mandating that electric vehicles account for 80% of new car sales in 2030 and 100% by 2035.
• The EU electric vehicle charging station market was valued at USD 10.8 billion in 2024, and is estimated to grow at a CAGR of 29.3% from 2025 to 2034, to support the rapid growth of electric vehicles in Europe.

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 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.

Media Contact
Skyya PR
+1 651-335-0585
Press@BeamForAll.com

Investor Relations
Luke Higgins
+1-858-799-4583
IR@BeamForAll.com

FAQ

What new markets did Beam Global (BEEM) expand into in January 2025?

Beam Global expanded into Romania through Seltis Glass Design S.R.L., North Macedonia through Evrosimovski Consulting , and Albania through BBA International.

What is the projected CAGR for the EU electric vehicle charging station market from 2025 to 2034?

The EU electric vehicle charging station market is projected to grow at a CAGR of 29.3% from 2025 to 2034.

What is the current value of the EU electric vehicle charging station market as of 2024?

The EU electric vehicle charging station market was valued at USD 10.8 billion in 2024.

What are the EU's electric vehicle sales targets for 2030 and 2035?

The EU mandates that electric vehicles must account for 80% of new car sales by 2030 and 100% by 2035.

How is BEEM expanding in Europe without increasing operating costs?

BEEM is leveraging existing trusted relationships through their Beam Europe operation by partnering with established distributors in each market.