Beam Global To Enter Ethiopian Market: Appoints Agent Partner for Africa’s First Off-Grid Renewably Energized EV Charging and Energy Resiliency Infrastructure
Beam Global (Nasdaq: BEEM) has announced its entry into the Ethiopian market, marking its first move to support Africa's electrification efforts. The company has appointed Princess Leila Bon Abajobir Abajifar and Princess Zyeneb Abajobir Abajifar as agent partners to assist in entering Ethiopia and broader African markets. This strategic move aligns with Ethiopia's recent ban on importing internal combustion engine vehicles and its rapid adoption of EVs, which has already met a 10-year target of 148,000 EVs in just two years.
Beam Global aims to provide innovative and sustainable infrastructure solutions for transportation electrification and energy security in Ethiopia. The company is pursuing a collaborative partnership with the Ethiopian government to encourage investment in off-grid infrastructure and support EV market growth. Beam Global's solutions, which have been successful in 17 nations worldwide, are expected to help meet Ethiopia's growing EV needs, reduce fossil fuel reliance, and enhance energy security.
Beam Global (Nasdaq: BEEM) ha annunciato il suo ingresso nel mercato etiope, segnando il suo primo passo a sostegno degli sforzi di elettrificazione in Africa. L'azienda ha nominato la Principessa Leila Bon Abajobir Abajifar e la Principessa Zyeneb Abajobir Abajifar come partner agenti per facilitare l'ingresso in Etiopia e nei mercati africani più ampi. Questo passo strategico è in linea con il recente divieto dell'Etiopia all'importazione di veicoli a motore a combustione interna e la sua rapida adozione di veicoli elettrici (EV), che ha già raggiunto un obiettivo di 10 anni di 148.000 EV in soli due anni.
Beam Global mira a fornire soluzioni innovative e sostenibili per l'elettrificazione dei trasporti e la sicurezza energetica in Etiopia. L'azienda sta perseguendo una partnership collaborativa con il governo etiope per incoraggiare gli investimenti in infrastrutture isolate e sostenere la crescita del mercato degli EV. Le soluzioni di Beam Global, che hanno avuto successo in 17 paesi in tutto il mondo, dovrebbero contribuire a soddisfare le crescenti esigenze di EV dell'Etiopia, ridurre la dipendenza dai combustibili fossili e migliorare la sicurezza energetica.
Beam Global (Nasdaq: BEEM) ha anunciado su entrada en el mercado etíope, marcando su primer paso para apoyar los esfuerzos de electrificación en África. La compañía ha nombrado a la Princesa Leila Bon Abajobir Abajifar y a la Princesa Zyeneb Abajobir Abajifar como socios agentes para ayudar en la entrada a Etiopía y a mercados africanos más amplios. Este movimiento estratégico se alinea con la reciente prohibición de Etiopía sobre la importación de vehículos de motor de combustión interna y su rápida adopción de vehículos eléctricos (VE), que ya ha alcanzado un objetivo de 10 años de 148,000 VEs en solo dos años.
Beam Global tiene como objetivo proporcionar soluciones de infraestructura innovadoras y sostenibles para la electrificación del transporte y la seguridad energética en Etiopía. La compañía está buscando una asociación colaborativa con el gobierno etíope para fomentar la inversión en infraestructura fuera de la red y apoyar el crecimiento del mercado de VE. Se espera que las soluciones de Beam Global, que han tenido éxito en 17 naciones en todo el mundo, ayuden a satisfacer las crecientes necesidades de VE de Etiopía, reduzcan la dependencia de los combustibles fósiles y mejoren la seguridad energética.
Beam Global (Nasdaq: BEEM)는 에티오피아 시장에 진입했다고 발표하며 아프리카 전력화 노력 지원을 위한 첫 번째 조치를 취했습니다. 이 회사는 에티오피아 및 더 넓은 아프리카 시장에 진입하는 데 도움을 줄 수 있는 대리인 파트너로 레일라 본 아바조비르 아바지파르 공주와 지네브 아바조비르 아바지파르 공주를 임명했습니다. 이 전략적 결정은 에티오피아의 내연기관 차량 수입 금지와 빠른 전기차(EV) 도입에 맞춰 이루어졌으며, 이미 2년 만에 10년 목표인 148,000대 EV를 초과 달성했습니다.
Beam Global은 에티오피아의 교통 전기화 및 에너지 안보를 위한 혁신적이고 지속 가능한 인프라 솔루션을 제공하는 것을 목표로 하고 있습니다. 이 회사는 오프그리드 인프라에 대한 투자를 촉진하고 EV 시장 성장을 지원하기 위해 에티오피아 정부와 협력 파트너십을 추구하고 있습니다. Beam Global의 솔루션은 전 세계 17개국에서 성공을 거두었으며, 에티오피아의 증가하는 EV 수요를 충족하고 화석 연료에 대한 의존도를 줄이며 에너지 안보를 향상시키는 데 기여할 것으로 기대됩니다.
Beam Global (Nasdaq: BEEM) a annoncé son entrée sur le marché éthiopien, marquant son premier pas pour soutenir les efforts d'électrification en Afrique. L'entreprise a nommé la princesse Leila Bon Abajobir Abajifar et la princesse Zyeneb Abajobir Abajifar comme partenaires agents pour aider à entrer en Éthiopie et sur des marchés africains plus larges. Ce mouvement stratégique est en adéquation avec l'interdiction récente de l'Éthiopie d'importer des véhicules à moteur à combustion interne et son adoption rapide des véhicules électriques (EV), ayant déjà atteint un objectif de 10 ans de 148 000 EV en seulement deux ans.
Beam Global vise à fournir des solutions d'infrastructure innovantes et durables pour l'électrification du transport et la sécurité énergétique en Éthiopie. L'entreprise poursuit un partenariat collaboratif avec le gouvernement éthiopien pour encourager les investissements dans les infrastructures hors réseau et soutenir la croissance du marché des EV. Les solutions de Beam Global, qui ont été couronnées de succès dans 17 pays à travers le monde, devraient contribuer à répondre aux croissantes besoins en EV de l'Éthiopie, réduire la dépendance aux combustibles fossiles et améliorer la sécurité énergétique.
Beam Global (Nasdaq: BEEM) hat seinen Eintritt in den äthiopischen Markt verkündet, was den ersten Schritt zur Unterstützung der Elektrifizierung in Afrika darstellt. Das Unternehmen hat Prinzessin Leila Bon Abajobir Abajifar und Prinzessin Zyeneb Abajobir Abajifar als Partner-Agenten ernannt, um den Eintritt in Äthiopien und breitere afrikanische Märkte zu unterstützen. Dieser strategische Schritt steht im Einklang mit Äthiopiens kürzlicher Verbotsregelung für die Einfuhr von Fahrzeugen mit Verbrennungsmotoren und der schnellen Einführung von Elektrofahrzeugen (EVs), die bereits ein 10-Jahres-Ziel von 148.000 EVs in nur zwei Jahren erreicht hat.
Beam Global zielt darauf ab, innovative und nachhaltige Infrastruktur Lösungen für die Elektrifizierung des Verkehrs und die Energiesicherheit in Äthiopien bereitzustellen. Das Unternehmen strebt eine Zusammenarbeit mit der äthiopischen Regierung an, um Investitionen in netzferne Infrastrukturen zu fördern und das Wachstum des EV-Marktes zu unterstützen. Die Lösungen von Beam Global, die in 17 Ländern weltweit erfolgreich waren, sollen dazu beitragen, den wachsenden Bedarf an EVs in Äthiopien zu decken, die Abhängigkeit von fossilen Brennstoffen zu verringern und die Energiesicherheit zu erhöhen.
- Entry into the Ethiopian market, potentially opening up opportunities in the broader African market
- Partnership with influential agent partners who have direct access to government decision-makers
- Alignment with Ethiopia's rapid EV adoption, which has already met a 10-year target in just two years
- Potential for significant market growth in Africa, with a population of 1.3 billion and fast-growing economy
- None.
SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced Beam Global and the company’s products will be introduced in Ethiopia as a first move to support the African continent and serve the esteemed Ethiopian government in its progressive efforts to electrify transportation and build a more sustainable and adaptable energy infrastructure.
The Government of Ethiopia (GOE) recently became the first country to ban and prohibit import of both new and used internal combustion engine vehicles, including gas and diesel, as part of its shift to a green economy. According to the GOE, the number of EVs in the country will more than quadruple by 2032. The adoption of EVs in Ethiopia is rapidly growing and outpacing set goals, and earlier this year the country met its 10-year target goal of 148,000 EVs on the road in just two years.
Beam Global has entered into an agreement with Princess Leila Bon Abajobir Abajifar and Princess Zyeneb Abajobir Abajifar as agent partners who, through their extensive network of notable contacts, will assist the company to enter Ethiopia and the broader African markets. As descendants of King Abajifar of Ethiopia, Leila Bon Abajobir Abajifar and Zyeneb Abajobir Abajifar both inherit the title of princess. They have distinguished and extensive business careers and have direct access to privileged networks and decision-makers within the Ethiopian federal government and among key figures in various Sub-Saharan African countries.
“We are honored to have Princess Leila Bon-Abajobir Abajifar and Princess Zyeneb Abajobir Abajifar, with whom our European team have a long-standing successful relationship, serve as advocates for Beam Global in Ethiopia,” said Desmond Wheatley, CEO of Beam Global.” "In the U.S., we have clear evidence that democratizing access to clean energy and transportation has a profound, leveling impact on society, delivering opportunities and economic benefits that would be impossible to realize without such effort, and we aim to help create the same benefits in Ethiopia and across Africa.”
“With a population of 1.3 billion people, Africa rivals the largest markets in the world for electrification of transportation and is also the second fastest growing economic region in the world. At the same time, the existing infrastructure is not able to provide for the needs of an increasingly mobile and economically active population,” said Princess Leila Bon Abajobir Abajifar. “We believe that Africans will leapfrog to electrified transportation and industry with distributed infrastructure like Beam Global’s just as they did when adopting mobile phones without ever building extensive wired networks. We believe that Beam Global can play a significant role in that transition which is why are delighted to introduce the company and its products to our network of influential officials and business owners.”
Beam Global is pursuing a collaborative partnership with the Ethiopian government and the creation of a framework that encourages investment in off-grid infrastructure and supports the growth of a robust EV market. The proposed mutually beneficial partnership would focus on bringing Beam Global’s innovative solutions to market in Ethiopia to accelerate the company’s introduction into the African market and support Ethiopia’s transition to a renewably energized, electrified transportation sector. Beam Global already has success with U.S federal, state and municipal governments as well as with government and corporate entities in 17 nations worldwide.
Beam Global’s tried and trusted solutions can be rapidly deployed to meet Ethiopia's growing number of EVs, reduce the country’s reliance on fossil fuels and satisfy safe energy storage and vital energy security needs.
About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly 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. 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. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
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