Beam Global reports Q2 purchase orders up 128% year-over-year

Beam Global announced record Q2 new orders of $10.6M, up 128% year-over-year. Beam Global expanded government contracts with new and repeat orders from state agencies in California, Massachusetts, Nevada and North Carolina and from 15 local government entities. The company’s U.S. commercial business continued to grow with Q2 commercial orders up 66% year-over-year. In Europe, Beam Global shipped its first EV ARC systems to Cyprus for the UK Ministry of Defence, a milestone since the company’s entrance into the European market. Additional Q2 company highlights include: over half of Q2 EV ARC orders are new customers, expanding the customer baseless than new customer deployments included 16 non-Federal customers; new orders from U.S. commercial business in Q2 increase 66% year-over-year; over half of Q2 EV ARC orders are multi-unit orders; won new custom industrial battery design for major multinational conglomerate.