12/17/2023 0 Comments Beem globalFor Beam, that tech means using solar energy for charging EVs - not maintaining the equipment's battery. To bolster its business, Beam just bought thermal management battery company All Cell, which ensures a battery doesn't get too hot or too cold. The company says these units deploy quickly - they simply slide into a parking spot - and don't require the same permitting, construction, or electrical work that traditional charging infrastructure does. This could cost a hefty $35 billion.įounded in 2006, Beam makes an off-grid "EV Arc" that charges EVs with any brand charger, like Electrify America, ChargePoint, or JuiceBox, using a combination of solar power and battery energy that its equipment generates and stores. In the US, charging infrastructure needs to expand by 20 times what it is now in order to meet the Biden administration's goal for half of all vehicles sold by 2030 to be zero-emissions, according to global consultancy McKinsey. Now, he's looking to land other strategic deals this year.īeam, based in San Diego and Chicago, is targeting an accelerating charging infrastructure market. The CEO of electric vehicle charging firm Beam Global just bought a battery startup in a deal worth $15 million. Wheatley revealed the four elements he's looking for the most in his next potential deal.Now, Desmond Wheatley says he's looking for more "opportunities to grow the company.".The CEO of EV charging firm Beam Global just bought a battery startup.
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