Beam Global forms 50/50 JV with Platinum Group UAE for Middle East/ Africa markets

Beam Global

Beam Middle East LLC, a 50/50 JV with Platinum Group UAE, will sell/manufacture Beam's EV charging and energy storage products.
Initial funding of ~$14k from Beam; 100% of profits go to Beam until its capital contributions are fully returned.
Beam licenses its IP to the JV under a 5-year renewable agreement; termination possible if sales not started by Dec 31, 2025.
JV targets Middle East and Africa; region's EV count projected to grow from 69k (2024) to 1.5M (2030), a 66.6% CAGR.
Headquartered in Masdar City (Abu Dhabi); Platinum Group brings high-level government and industry relationships.

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