ConnectM reports continued strong momentum in its EV Solutions business

ConnectM (CNTM) Technology Solutions announced continued strong momentum in its EV Solutions business, a core part of its Transportation and Logistics segment. In the first two months of 2025, ConnectM secured over 5,500 orders for its MELI Mobility Edge product and AURAI Platform Subscriptions from existing OEM customers, bringing its projected 2025 connected EV order volume to 50,000 vehicles. Further strengthening its market position, the company added four new OEM customers since Q4 2024, expanding its reach and impact in the EV Solutions space. ConnectM expects to add at least six additional OEM customers in 2025, continuing its triple digit year over year growth in the Transportation and Logistics segment. “Our growth trajectory continues to accelerate as we expand our OEM partnerships and deepen our presence in the transportation electrification sector,” said Bhaskar Panigrahi, Chairman and CEO of ConnectM. “With a projected 50,000 connected EVs in 2025 and more OEMs integrating our technology, we are at the forefront of a rapidly expanding market. Our ability to scale high-margin, recurring revenue streams through software and services positions us for long-term profitability, and we are confident in our ability to deliver sustained value for our investors.”