Beam Global Reports 23% Increase in Q1 2025 Orders for its EV ARC™ Off-Grid Solar-Powered Charging Units Over Previous Quarter
Rhea-AI Summary
Beam Global (NASDAQ: BEEM) reported a 23% quarter-over-quarter increase in orders for its EV ARC™ off-grid solar-powered charging units in Q1 2025. The growth matches the rate of U.S. electric vehicle sales, despite reduced federal demand. Orders came from diverse sectors including municipal and county governments, state agencies, environmental organizations, and private companies across multiple states such as California, Arizona, Colorado, Florida, Michigan, and Washington.
The company's strategic shift toward commercial customers has proven successful, while maintaining some federal business. This growth comes amid strong global EV sales, which increased 29% globally and 16% in North America in 2025. Beam Global continues to expand internationally, particularly in Europe, the Middle East, and Africa, while maintaining strong U.S. performance.
Positive
- 23% increase in quarter-over-quarter orders for EV ARC charging units
- Successful diversification of customer base beyond federal government
- Geographic expansion across multiple U.S. states and international markets
- Growth rate matching the expanding EV market (29% globally, 16% in North America)
Negative
- Reduction in federal government demand
- Heavy dependence on EV market growth for business expansion
News Market Reaction 1 Alert
On the day this news was published, BEEM gained 3.50%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SAN DIEGO, May 08, 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 a broad range of new orders for its EV ARC™ off-grid solar-powered charging units, despite a reduction in federal demand. The
Recent orders were placed by a mix of municipal and county governments, state and federal agencies, environmental organizations, and private sector companies including those in construction, clean energy, and technology. The orders came from multiple states including California, Arizona, Colorado, Florida, Michigan, and Washington.
“This increase in quarter-over-quarter orders is at almost exactly the same rate as the growth of electric vehicle sales in the U.S. and demonstrates the success of our shifting focus toward commercial customers rather than the federal government following the recent election, even as we continue to receive orders from federal entities, albeit at a reduced rate,” said Desmond Wheatley, CEO of Beam Global. “It also proves that while we are focusing heavily on growth in Europe, the Middle East and Africa, we are still performing strongly in the U.S. We look forward to this growth continuing throughout the year on a global scale.”
As demand for electric vehicles continues to rise, with global EV sales up
To learn more about Beam Global’s solutions, visit www.BeamForAll.com.
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 Broadview, 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.
Media Contact
Andy Lovsted
+1-858-335-8465
Press@BeamForAll.com
Investor Relations
Luke Higgins
+1-858-799-4583
IR@BeamForAll.com
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5e6095f-b0ab-4cb4-8793-e5fc32cc9e33
FAQ
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