Tag Archives for: EV chargers

Beam Global Awarded New State of California Contract for Rapidly Deployed Sustainable EV Charging Infrastructure Products

June 29, 2022

 

Beam Global Awarded New State of California Contract for Rapidly Deployed Sustainable EV Charging Infrastructure Products

 

 

 

SAN DIEGO, June 29, 2022 — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced that the State of California has awarded contract #1-22-61-16 to supply EV ARC™ sustainable EV charging systems through the Department of General Services (DGS) to Beam Global. California state, local and municipal government entities, and government entities in other U.S. states, can purchase Beam products at the California negotiated price, without having to go through a lengthy procurement or technology review process. The award is effective June 24, 2022 through June 23, 2025 and is eligible for renewal through June 23, 2027.

Use of the DGS contract is mandatory for all State of California Departments and is available for use by local California governmental agencies. The state has opened this purchasing vehicle to government entities in all 50 states that elect to use the California contract to buy Beam’s rapidly deployed solar-powered EV charging systems at the same volume price offered to the State of California. The contract includes several configurations of the EV ARC™ 2020, EV ARC™ DC Fast Charging system, the ARC Mobility™ trailer and emergency preparedness accessories. This represents an expansion over previous California contracts to include more Beam Global products than were available on previously awarded contracts.

Off-grid and solar-powered, each EV ARC™ 2020 generates and stores its own electricity, then delivers that energy to power any quality brand level 2 EV charger. Transportable yet permanent, it fits in a standard parking spot without reducing available parking and can charge up to 6 vehicles simultaneously. The ARC Mobility™ trailer is a specialized hydraulic transportation system which enables a single operator to easily relocate EV ARC™ 2020 systems. The EV ARC™ DC Fast Charging system enables DC fast charging in locations with insufficient circuity, no grid connection or excessive upgrade or power costs. The contract includes Beam’s emergency power solutions which provide a secure and reliable source of electricity for EV charging and first responders during natural disasters or other periods of utility grid interruption.

“This new contract with California is at once a powerful validation of our products which the state has been using for many years and also a strong indication of California’s commitment to electrifying transportation and using rapidly deployed, sustainable and robust charging infrastructure products that are made in the U.S. to fuel this new generation of vehicles,” said Beam Global CEO Desmond Wheatley. “Consumers, companies and governments are adopting EVs at a faster rate than ever and yet we are still just at the beginning of this massive shift. The need for EV charging infrastructure is becoming greater and more urgent every day. Our ability to rapidly scale and deploy EV chargers without construction or electrical work and without utility bills, grid capacity constraints or vulnerability to black-outs, is becoming increasingly recognized as vital to the success of this evolution. We are busier than ever but we’re planning on getting a lot more busy.”

California Governor Gavin Newsom presented a $286.4 billion budget proposal, dubbed the “California Blueprint,” in January. The plan suggests spending $22.5 billion to address the burgeoning climate crisis in the state, allocating $6.1 billion to electric vehicle related initiatives. California also became the first state to commit to effectively banning sales of new, internal combustion engine or gas-powered vehicles by 2035. President Biden signed Executive Order 14008 and subsequent Executive Order 14057 with its accompanying Federal Sustainability Plan which calls for 100% Zero-Emission Vehicle Acquisitions by 2035, including 100% light-duty acquisitions by 2027. The bipartisan Infrastructure Investments and Jobs Act (IIJA) authorized $7.5 billion to build out a national EV charging network of 500,000 chargers.

California and other state, local and municipal entities can purchase from DGS contract #1-22-61-16, and federal agencies can purchase from GSA Contract Number 47QSWA21D0006. Both contracts serve to simplify the government procurement process and make chosen solutions available at the best negotiated pricing. For more information on Beam sustainable EV charging and energy storage solutions, please contact the BeamTeam@BeamForAll.com or 858-799 4583.

About Beam Global

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and 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, including, but not limited to the following statements: statements regarding the proposed acquisition, its expected benefits, the acquisition’s anticipated timing, and the anticipated future financial performance as a result of the acquisition. 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. There can be no assurances that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Blink Charging Announces the Transformative Acquisition of EV Charging Leader SemaConnect, Further Expanding Its Network and Capabilities

June 15, 2022

Blink Charging Announces the Transformative Acquisition of EV Charging Leader SemaConnect, Further Expanding Its Network and Capabilities

 

 

 

 

  • Acquisition further solidifies Blink’s leadership position through complete vertical integration of supply-chain, engineering, and in-house manufacturing capabilities of more than 10,000 EV chargers today and scaling to 50,000 per year
  • In-house manufacturing and US-based assembly brings Blink in compliance with the Biden Administration Buy American initiatives

 

Miami Beach, FL  – Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced the signing of a definitive agreement to acquire SemaConnect, Inc., a leading provider of EV charging infrastructure solutions in North America, for $200 million subject to certain customary adjustments for working capital. The cash and common stock transaction will add nearly 13,000 EV chargers to Blink’s existing footprint, an additional 3,800 site host locations, and more than 150,000 registered EV driver members.

With this acquisition, Blink Charging will be the only EV charging company to offer complete vertical integration from research & development and manufacturing to EV charger ownership and operations. This vertical integration creates unparalleled opportunities for Blink to control its supply chain and accelerate its go-to-market speed while reducing operating costs.

Blink will benefit from SemaConnect’s in-house research & development, hardware design, and manufacturing capabilities. SemaConnect’s manufacturing facility in Maryland will allow Blink to comply with the Buy American mandates and to position itself to significantly capitalize on the $7.5 billion Biden Administration EV infrastructure bill and assist with the Administration’s goal to build out the first-ever national network of 500,000 electric vehicle chargers along America’s highways and in communities. The acquisition will also position Blink to assist the administration’s development of a national EV charging network that provides interoperability among different charging companies, and is user-friendly, reliable, and accessible to all Americans.

“This is a transformative acquisition for the EV charging industry and for Blink. SemaConnect is an established and well-known EV charging company with a proven track record of success, strong relationships with its site host partners in both the public and private sectors, and best-in-class technical capabilities,” said Michael D. Farkas, Founder and CEO of Blink Charging.

 

“SemaConnect has a robust hardware product line-up which complements Blink’s extensive software product offerings. This includes our multi-language and multi-currency network, allowing Blink to have an EV charging station for any location across more than 20 countries and expanding,” said Farkas. “In addition, we are particularly excited about the DCFC charger being developed by SemaConnect. These efforts allow Blink to significantly accelerate our DCFC speed to market while drastically reducing our R&D costs,” said Mr. Farkas.

Blink intends to transition SemaConnect’s chargers to a single state-of-the-art network developed by a joint engineering team, which nearly doubles with this acquisition. The addition of the SemaConnect hardware will accelerate Blink’s expansion across multiple municipalities and geographies, including California where SemaConnect chargers already comply with local requirements for swipe credit card functionality.

Founded in 2008, SemaConnect is a market leader with a diverse suite of products, including Level 2 and DC Fast chargers, and charging-as-a-service program which provides a full package of EV charging solutions. SemaConnect’s hardware and software solutions reach a wide range of critical EV charging customers across municipal, parking, multifamily, hotel, office, retail and commercial in the U.S. and Canada. Major customers include CBRE, JLL, Hines, Greystar, AvalonBay Communities, Cisco Systems, General Electric, among others.

Mahi Reddy, Founder and CEO of SemaConnect, said:  “Like Blink, SemaConnect has been a leader in the EV charging industry since its early days, and the combination of our expertise will enable us to scale the deployment of EV infrastructure even more quickly and efficiently. We are excited to join Blink as we charge ahead in transforming the EV charging industry with flexible, reliable, and innovative solutions for customers around the globe.”

“With complementary values, business models, and equipment, SemaConnect was an ideal acquisition target for Blink. This acquisition brings to Blink top talent from the industry. By adding the SemaConnect team to its ranks, Blink is building an industry leading EV charging company. We welcome the SemaConnect team to the Blink family,” said Mr. Farkas.

“With this acquisition and Blink’s recent past acquisitions, including EB Charging and Blue Corner in Europe, we have significantly expanded and strengthened our position as a global leader in the EV space,” said Mr. Farkas.

Mahi Reddy from SemaConnect is expected to join the Blink Board of Directors.

The SemaConnect acquisition is subject to customary closing conditions.

Blink Charging will host a conference call and webcast to discuss the transaction today, Tuesday, June 14, 2022 at 9:00 AM Eastern Time.

To access the live webcast, log onto the Blink Charging website at www.blinkcharging.com and click on the News/Events section of the Investor Relations page. Investors may also access the webcast via the following link:
https://www.webcaster4.com/Webcast/Page/2468/45828

To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 778753.

A replay of the teleconference will be available until July 14, 2022 and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 45828.

 

ABOUT BLINK CHARGING

Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 30,000 charging ports across 18 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink’s principal line of products and services include the Blink EV charging network (“Blink Network”), EV charging equipment, EV charging services, and the products and services of recent acquisitions, including Blue Corner and BlueLA. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million vehicles by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.

ABOUT SEMACONNECT

SemaConnect is a leading provider and pioneer of electric vehicle charging infrastructure solutions to the North American commercial, residential and fleet market. A complete EV support partner, SemaConnect is making transportation electrification possible in this decade through innovative, elegantly designed charging stations, a robust and open network platform, and an unparalleled charging experience for drivers and station owners. Since its founding in 2008, SemaConnect has installed thousands of smart charging stations at top companies like CBRE, JLL, Hines, GreyStar, AvalonBay Communities, and General Electric. SemaConnect is a charging solutions partner to municipal, parking, multifamily, hotel, office, retail and commercial fleet customers across the United States and Canada. For more information, visit https://semaconnect.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including

risks related to the acquisition of SemaConnect, as well as Blink Charging’s ability to integrate the acquired business within expected timeframes and to achieve the revenue, cost savings and earnings levels from such acquisition at or above the levels projects, and those other risks described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Blink Media Contact

PR@BlinkCharging.com

Blink Investor Relations Contact

IR@BlinkCharging.com

855-313-8187

Global Parking Solutions Titan, Scheidt & Bachmann, Partners with Tech-Savvy, EV Charging Disruptor EVPassport

May 23, 2022

Global Parking Solutions Titan, Scheidt & Bachmann, Partners with

Tech-Savvy, EV Charging Disruptor EVPassport

 

 

 

Scheidt & Bachmann and EVPassport officially launched their partnership at the

2022 PIE Show, Reno, May 15th-18th at Booth 112.

 

 Scheidt & Bachmann and EVPassport have joined forces to bring EVPassport’s innovative hardware and software EV charging solutions to the parking industry. The two companies found common ground in their commitment to pushing the envelope in technological innovation for parking combined with a relentless approach to quality and customer service.

 

Scheidt & Bachmann Senior Executive Vice President Henk de Bruin, and EVPassport’s Co-founder and President Hooman Shahidi are mutually enthusiastic about this business development. “EVPassport hits on all the key mandates that our brand demands,” said de Bruin. “Their market-first technology, ease of use, reliability and durability are clear standouts in the marketplace.”

EVPassport’s Hooman Shahidi looks at Scheidt & Bachmann’s high “Tech IQ” as a key attraction to the partnership. “Scheidt & Bachmann quickly grasped the difference and potential of our platform and the importance of our mission.” said Shahidi, “Most of all, they demonstrated a powerful ability to communicate our vision to the marketplace,” concluded Shahidi.

 

About EVPassport

EVPassport is the technological evolution of EV charging software and hardware for forward-thinking companies around the world who place high value on the satisfaction of their customers. Their API-driven, cloud-based software provides endless integration possibilities and is the only truly open, interoperable EV charging platform. Businesses rely on EVPassport’s custom branded hardware to provide drivers with the easiest charging experience possible, requiring no apps, fobs or cards, just a simple QR code scan. And EVPassport’s lowest cost of entry and lucrative revenue share model delivers the fastest ROI in the market. EVPassport recently acquired 100% carbon neutral status and was selected as a “World Changing Idea for 2022” by Fast Company.

 

About Scheidt & Bachmann

Scheidt & Bachmann USA, Inc. is a leading provider of Parking and Fare Collection Systems for the North American market.  With global headquarters in Germany, the company has been delivering mobility solutions for 150 years of which the last 56 years have included the parking industry.  Core business activities include software development, manufacturing, integrating, deploying, servicing, and hosting complex revenue and access management systems.  Our solutions utilize advanced payments technology and open API architecture to deliver users a seamless journey while empowering owners and operators to maximize their revenue and operational effectiveness.  Scheidt & Bachmann’s U.S. headquarters are located in Lowell, MA. With 26 subsidiaries across the globe, Scheidt & Bachmann has over 3,000 employees worldwide and an unwavering commitment to the long term success of our customers.

Beam Global Hits Record First Quarter Deliveries and the Second Biggest Quarter in Company History

May 03, 2022

Beam Global Hits Record First Quarter Deliveries and the Second Biggest Quarter in Company History

 

 

SAN DIEGO, May 03, 2022  — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the highest number of system deliveries in the first quarter of any year in the company’s history. Q1 was also the second biggest quarter for deliveries in Beam’s history following the record fourth quarter 2021.

“Q1 has historically been a slower quarter for us but not this year. The momentum we built in 2021 continues with a first quarter record start in deliveries for Beam Global,” said Desmond Wheatley, CEO of Beam Global. “The 2021 historic highs in new orders set the pace for record revenue and deliveries in 2021 but also, importantly, enabled us to continue that pace and deliver record results in the first quarter of 2022 as our investments in sales, operations and manufacturing deliver returns. With pipeline also at a new high, we see no sign of this abating, boding well for continued momentum and growth for the year.”

Net Zero Emission Initiatives continue to expand at the federal, state and local levels and with private enterprise. President Biden signed Executive Order 14008 and subsequent Executive Order 14057 with its accompanying Federal Sustainability Plan which calls for 100% Zero-Emission Vehicle Acquisitions by 2035, including 100% light-duty acquisitions by 2027. California Governor Gavin Newsom presented a $286.4 billion budget proposal, dubbed the “California Blueprint,” in January. The plan suggests spending $22.5 billion to address the burgeoning climate crisis in the state, allocating $6.1 billion to electric vehicle related initiatives. California also became the first state to commit to effectively banning sales of new, internal combustion engine or gas-powered vehicles by 2035. Beam is experiencing increased order activity from Federal, State and local governments as well as enterprise customers.

For more information on purchasing Beam’s EV ARC™ ready-to-deploy sustainable EV charging solutions please contact The Beam Team at 858-799-4583 or BeamTeam@BeamForAll.com.

About Beam Global

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and 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, including, but not limited to the following statements: statements regarding the proposed acquisition, its expected benefits, the acquisition’s anticipated timing, and the anticipated future financial performance as a result of the acquisition. 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. There can be no assurances that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact:
Next PR
+1 813-526-1195
Press@BeamForAll.com

Melitron Introduces Electric Vehicle Charger Manufacturing Solutions}}

April 29, 2022

Melitron Introduces Electric Vehicle Charger Manufacturing Solutions}}

Leading durable technologies manufacturer now offers Made in North America contract manufacturing services to original equipment manufacturers of commercial EV charging stations}}

 

 

 

GUELPH, Ontario, April 29, 2022  — Melitron Corporation, a leading manufacturer of integrated metal enclosure systems for technology products, has expanded the Company’s advanced manufacturing capabilities to offer contract manufacturing services of electric vehicle chargers to original equipment manufacturers in North America. The Company announced today that it now offers contract manufacturing of EV charging station hardware, and is open to collaborative technology partnerships in Canada and the United States.

Melitron has a 25+ year track record of designing and manufacturing durable technology products that bring together fully customizable metal enclosure systems, finishing, technology integration, and electrical and electromechanical assembly. Recent projects include the design and manufacturing of outdoor digital menu boards and digital signage for leading drive-thru restaurants.

“We are offering Melitron’s single source manufacturing services to help EV charger manufacturers scale to meet accelerating market demand across North America,” said Mike Turner, President and CEO at Melitron. “EV charger manufacturing is a natural extension of our advanced manufacturing services.”

Melitron’s EV charging station contract manufacturing services include design, manufacturing, technology integration, electrical and electromechanical assembly, optional digital display integration, and customizable finishing including colour, graphics and LED accent lighting.

For more information about Melitron’s EV charger manufacturing solutions, visit https://www.melitron.com/our-markets/ev-charging.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/275a6835-e6d8-49bb-91a2-d94167b15701

 

Beam Global Honored As Stevie® Award Winner For Achievement In Product Innovation In 2022 American Business Awards®

April 28, 2022

 

Beam Global Honored As Stevie® Award Winner For Achievement In Product Innovation In 2022 American Business Awards®

 

Stevie winners will be presented their awards on June 11 in New York

 

 

 

SAN DIEGO, April 28, 2022 — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced it was named the winner of a silver Stevie® Award in the Achievement in Product Innovation category in The 20th Annual American Business Awards®.

More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Beam Global was nominated in the Achievement in Product Innovation category for their off-grid charging infrastructure solution, the EV ARC™ 2020.

The EV ARC™ is a rapidly deployed, off-grid energy infrastructure solution that enables businesses, communities and more to deliver power 24/7. While primarily used as an EV charging system, the EV ARC™ has also provided emergency power independent of the U.S. energy grid, including to pop-up COVID-19 treatment facilities during the height of the pandemic. Found in over 100 cities and across 29 states, the EV ARC™ is enabling the transition to a clean, zero-emissions all-electric future.

“We’re honored to have the EV ARC™ recognized as a truly innovative and ground-breaking technology,” said CEO of Beam Global Desmond Wheatley. “As the U.S. has set a lofty goal for zero-emissions, technology like the EV ARC™ is truly paving the way to help us get there. It’s great to see our efforts recognized.”

More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. Details about The American Business Awards and the list of 2022 Stevie winners are available at www.StevieAwards.com/ABA.

About Beam Global

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and 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, including, but not limited to the following statements: statements regarding the proposed acquisition, its expected benefits, the acquisition’s anticipated timing, and the anticipated future financial performance as a result of the acquisition. 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. There can be no assurances that the proposed acquisition of AllCell will be completed. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Media Contact:
Next PR
+1 813-526-1195
Press@BeamForAll.com

GRAVITY’S PIONEERING URBAN EV CHARGERS DEBUT AT NY AUTO SHOW: FASTEST, SMALLEST AND OPTIMIZED TO KEEP ELECTRIC BILLS DOWN AND THE GRID HEALTHY

April 14, 2022

GRAVITY’S PIONEERING URBAN EV CHARGERS DEBUT AT NY AUTO SHOW: FASTEST, SMALLEST AND OPTIMIZED TO KEEP ELECTRIC BILLS DOWN AND THE GRID HEALTHY

 

 

360kW in a charger no bigger than a suitcase: Gravity’s true fast charging tech solving the speed, space and power challenges holding back EV adoption in big cities

View photos and specs of Gravity’s new charging equipment

NEW YORK, April 14, 2022  — Gravity, the pioneering electric vehicle infrastructure & fleet start-up, today debuted its new urban fast-charger (TFC-C1) at the New York Auto Show that solves the speed, space and power challenges impeding EV adoption in urban areas.

Gravity's new fast charger will be available at its NYC charging hubs
Gravity’s new fast charger will be available at its NYC charging hubs

At 360kW, Gravity’s device delivers a faster charge than any other equipment on the market, while sized to fit virtually in any constrained indoor parking space, with floor, wall, and ceiling mounting options. Gravity is installing 24 of the new chargers at its Manhattan Plaza public charging hub on 42nd Street this spring, where they’ll serve the public and Gravity’s growing fleet of EV yellow taxis.

Gravity’s fast-charging equipment also solves one of the key constraints holding back EV adoption: the high costs of power.  Because electric bills are largely driven by peak-demand charges, adding high-powered EV charging to a site can dramatically increase electricity costs. Gravity’s charging system continuously balances the power demand from each vehicle with the demand from other site uses, while flexibly allocating power to chargers and managing total site peak-demand. This system ensures the largest driver of electricity bill costs holds roughly constant, while supplying each vehicle with the maximum power it can handle, lowering the cost of EV charging and helping smooth demand on the grid.

“We have redesigned this equipment from the ground up to solve the big problems facing EV charging today. Not only can we offer our partners equipment that’s 50-times faster than the most common chargers, we can actually bring their electric bills down in the process—all while making it easier for the electric grid to handle the growing demands of EV charging. This is going to revolutionize the way big cities like New York approach charging infrastructure and the broader transition to clean energy,” said Moshe Cohen, founder and CEO of Gravity.

Gravity’s new chargers are being exhibited at the NY Auto Show alongside two new advanced EV yellow taxis from its growing fleet, both of which are now fully licensed to serve on New York City streets.

Gravity’s Fast-Charger

Power: 360kw

Size: 39in (length) x 18in (width) x 8in (depth)

Mounting: Floor, ceiling or wall mount

Cables: Liquid cooled CCS cables (>500amp) with proprietary cable retraction systems for ease of use without the mess and risks of exposed charging cables.

About Gravity:  
Gravity, Inc is a sustainable mobility startup focusing on EV infrastructure, energy management and EV fleets. Gravity’s solutions bring together best-in-class equipment and integrated software, seamless customer interfaces and unique amenities that increase productivity. Gravity is opening Manhattan’s first and only True Fast Charging site in 2022 and has just launched a pioneering all-EV yellow taxi fleet, reinvigorating one of New York City’s most iconic brands. Gravity partners with building owners and parking operators to customize portfolio-wide conversions to electric vehicle charging, with the ability to support both individual EV drivers and large EV fleets.

Learn more at GravityMobility.com.

ChargePoint Announces $300 Million Financing

April 05, 2022

ChargePoint Announces $300 Million Financing

 

 

Antara Capital LP to Invest $300 Million in Convertible Senior Notes in a Private Placement

 

 

CAMPBELL, Calif.—ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced that Antara Capital LP has agreed to make a $300 million investment in ChargePoint through the purchase of convertible senior notes to support ChargePoint’s growth initiatives.

Under the terms of the investment, Antara Capital LP will purchase a total aggregate principal amount of $300 million in 3.50% / 5.00% Convertible Senior Notes due 2027 (the “Notes”). The transaction is expected to close on April 12, 2022.

The Notes will be convertible at an initial conversion price to be determined prior to closing. The initial conversion price will represent a 30.0% premium to ChargePoint’s volume-weighted average price over a pre-determined period between this announcement and closing. Upon any conversion, ChargePoint will have the right to elect settlement in cash, shares or any combination thereof in its sole discretion.

The gross proceeds from the sale of the Notes are expected to be $300 million, before deducting fees and estimated offering expenses.

ChargePoint is permitted to pay interest on the Notes in cash or through the issuance of additional Notes (“PIK Interest”), at its election. Interest payments made in cash will be based on an interest rate of 3.50% per year, and PIK Interest will be based on an interest rate of 5.00% per year. The Notes will mature on April 1, 2027, unless redeemed, repurchased or converted in accordance with their terms prior to such date. The Notes will be guaranteed by ChargePoint’s operating company and wholly owned subsidiary, ChargePoint, Inc.

Evercore acted as exclusive financial advisor to ChargePoint.

Additional information regarding this announcement may be found in a Current Report on Form 8-K that ChargePoint intends to file with the Securities and Exchange Commission (the “SEC”).

The Notes and any shares of common stock issuable upon conversion of the Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The investment agreement contemplates that the Notes will be transferrable to qualified institutional buyers pursuant to Rule 144A under the Securities Act. ChargePoint has agreed to file a registration statement with the SEC as soon as reasonably practicable after the closing, registering the resale of the shares of common stock issuable upon the conversion of the Notes.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of ChargePoint common stock, if any, into which the Notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 105 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s North American or European press offices or Investor Relations.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties, and assumptions, including, among other things, statements regarding the closing of the investment, the anticipated use of proceeds and any expected benefits for ChargePoint from application of the proceeds and the terms of the Notes. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; the fact that the Notes may never be converted into common stock, whether because our business is affected by the factors listed below or otherwise; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales of charging stations for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K filed with the SEC on April 4, 2022, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

 

Contacts

ChargePoint
Jennifer Bowcock
VP, Communications
Jennifer.Bowcock@chargepoint.com
media@chargepoint.com

Patrick Hamer
VP, Capital Markets and Investor Relations
Patrick.Hamer@chargepoint.com
investors@chargepoint.com

 

 

Flowbird Completes First Ever Local Authority Electric Vehicle (EV) Charge Point Project for Wokingham Borough Council New Innovative EV Infrastructure to Link Charging and Payments Together

March 29, 2022

 

 

 

Flowbird Completes First Ever Local Authority Electric Vehicle (EV) Charge Point Project for Wokingham Borough Council New Innovative EV Infrastructure to Link Charging and Payments Together

 

 

 

Flowbird Smart City UK has completed its first local authority electric vehicle (EV) charge point pilot project  Flowbird Smart City UK has completed its first local authority electric vehicle (EV) charge point pilot project for Wokingham Borough Council. This major infrastructure upgrade will help meet demand for the growing use of EVs across the borough.

Wokingham EV drivers can access Flowbird Smart City UK’s App which charges for both the parking session and the kW consumed – this innovative trial allows the council to offer combined or separate parking and charging rates. The app can be accessed by registered users or guests.

It is also planned that – in two months’ time – Flowbird Smart City UK’s Cale Web Terminal will be linked directly to the charge points. This will be the first time a parking pay and display terminal will provide options for everyday park and charge users, making EV charging easier and more inclusive.

Danny Hassett, Flowbird’s Managing Director Smart City UK, says: “Wokingham’s new EV connectivity will be innovative, as linking a payment terminal to a charge point is a new development in parking and charging. As EVs move from early adopters to the mainstream, people need simple ways to both park and charge and the option to pay in whichever ways suits them. And councils need ways to price both parking and charging separately or as a bundle. This solution will meet both needs for the first time.”

The system is backed up with a 24/7 support line – to help end-users troubleshoot any unforeseen operational issues – offering a solution to out-of-service terminals that frustrates users and deters EV uptake.

The new EV charge points – located in three busy parking sites across the borough at Dinton Pastures Country Park, Carnival Pool MSCP and Shute End Eastern car parks – are all three-phased, which give out a 22kWh charge, and support all new EVs that utilise a standard AC charger.

Geoff Hislop, Parking Manager, Highways and Transport, at Wokingham Borough Council, said: “We chose Flowbird Smart City UK for this trial as their solutions are both cutting-edge and reliable. We are confident we now have infrastructure that will support the demand for electric vehicle use now and in the future.”

Wokingham’s new EV charge points are now ready to use for residents and visitors.

Danny Hassett concludes: “For many years Flowbird Smart City UK have provided parking solutions that are known for their quality and support. We can offer a one-stop app to provide park and charge in Wokingham, which is easy to set up and cost effective for visitors and residents.”

About Flowbird
Flowbird operates in over 5,000 towns and cities in 70 countries. The company is constantly innovating and breaking new ground to help provide solutions. Its mission is to facilitate the individual journey and maximize a city’s unique mobility potential while considering all city stakeholders and end-user experiences. Through its devices, elite service platform, and teams, Flowbird enables a new era for maximizing urban harmony and value throughout the city’s core.

 

City of Lompoc CA Deploys Beam Global EV ARC™ Off-Grid EV Charging Systems for City Fleet Electrification Initiative

February 15, 2022

City of Lompoc CA Deploys Beam Global EV ARC™ Off-Grid EV Charging Systems for City Fleet Electrification Initiative

 

SAN DIEGO, Feb. 15, 2022 — Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the City of Lompoc in California has deployed two EV ARC™ solar-powered EV charging systems available for public use. The systems were partially funded by the Santa Barbara County Air Pollution Control District’s Clean Air Grants for Infrastructure program and were purchased through the California Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing.

The City’s EV ARC™ systems are located at the Lompoc Valley Medical Center (LVMC) parking lot, located at 1515 East Ocean Ave, and fit in a standard parking space without reducing available parking. Each system has two charging plugs to provide public access to charge up to four EVs. Each EV ARC™ system generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The transportable but permanent units include the Emergency Power Panel option for first responder use during grid outages and shutdowns.

“By offering high-tech, off-grid solutions for electric vehicle charging like the EV ARC, cities like Lompoc can help minimize our impact on the electric grid,” said Lompoc Mayor Jenelle Osborne. “I hope we see more cities and communities begin to adopt similar clean, renewable energy technologies in the years to come.”

Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets. Because there is no grid connection, EV charging systems are rapidly deployed, readily relocated and can be placed in locations where they are needed most.

“We are seeing more and more customers view rapid deployment and grid-impact as important when planning their EV charging infrastructure,” said Beam Global CEO Desmond Wheatley. “Federal, state and local governments are putting increasing emphasis on resilient EV charging as electricity becomes vital fuel for their communities and their fleet vehicles.”

In January California Governor Gavin Newsom outlined an historic $10 billion zero-emission vehicle (ZEV) package to accelerate the transition to zero-emission vehicles and fight climate change. This package is a critical part of Governor Newsom’s vision to forge an oil-free future. This $10 billion ZEV package builds on the State’s action to shift sales of new vehicles entirely to all electric by 2035, utilizing California’s leadership to accelerate the transition to zero-emission vehicles and dramatically reduce reliance on fossil fuels.

About Beam Global

Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.

The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers’ time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit BeamForAll.com, LinkedIn, YouTube and 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.

Media Contact

Next PR
+1 813-526-1195
Press@BeamForAll.com

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