ConnectM Announces Continued Strong Growth and Expanding Market Share

Rhea-AI Summary

ConnectM Technology Solutions (Nasdaq: CNTM) reported significant growth in its EV Solutions business within its Transportation and Logistics segment. The company secured over 5,500 orders for its MELI Mobility Edge product and AURAI Platform Subscriptions from existing OEM customers in early 2025, projecting total connected EV order volume of 50,000 vehicles for 2025.

The company added four new OEM customers since Q4 2024 and expects to add six additional OEM customers in 2025. ConnectM anticipates triple-digit year-over-year growth in its Transportation and Logistics segment, focusing on scaling high-margin, recurring revenue streams through software and services.

Positive

• Secured 5,500+ new orders in first two months of 2025
• Projected 50,000 connected EV order volume for 2025
• Added 4 new OEM customers since Q4 2024
• Expected addition of 6 more OEM customers in 2025
• Triple-digit YoY growth projected in Transportation segment
• High-margin recurring revenue from software and services

Negative

• None.

~ Four new OEM customers added and order volume on track to double in 2025 ~

MARLBOROUGH, Mass., March 6, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the electrification economy, today 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.

Outlook

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."

About ConnectM Technology Solutions, Inc.

ConnectM is a technology company focused on advancing the electrification economy by integrating electrified energy assets with its AI-powered technology solutions platform. The Company provides residential and light commercial buildings and all-electric original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, ConnectM aims to make electrification more user-friendly, affordable, precise, and socially impactful. As a vertically integrated company with wholly owned service networks and a comprehensive technology stack, ConnectM empowers customers to reduce their reliance on fossil fuels, lower overall energy costs, and minimize their carbon footprint.

For more information, please visit: https://www.connectm.com/

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the "Cautionary Note Regarding Forward-Looking Statements" section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com

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SOURCE ConnectM Technology Solutions, Inc.

FAQ

How many connected EV orders does ConnectM (CNTM) project for 2025?

ConnectM projects 50,000 connected EV orders for 2025.

How many new OEM customers did ConnectM (CNTM) add since Q4 2024?

ConnectM added four new OEM customers since Q4 2024.

What is ConnectM's (CNTM) growth projection for its Transportation and Logistics segment?

ConnectM expects triple-digit year-over-year growth in its Transportation and Logistics segment.

How many orders did ConnectM (CNTM) secure in early 2025 for its MELI Mobility Edge and AURAI Platform?

ConnectM secured over 5,500 orders in the first two months of 2025.

How many additional OEM customers does ConnectM (CNTM) expect to add in 2025?

ConnectM expects to add at least six additional OEM customers in 2025.