<div>
  <ul>
    <li>
      <p>
        Beam Global, a Nasdaq-listed EV charging infrastructure and battery storage provider, has secured a USD 100 million line of credit from OCI Group, a UK-based supply chain solutions specialist. This brings the company&rsquo;s total funding to USD 105.6 million.
      </p>
    </li>
    <li>
      <p>
        The facility is a five-year agreement that is active immediately and is priced at SOFR (Secured Overnight Financing Rate) plus 300 basis points. Beam Global intends to use the funds as working capital to support its rapid growth in product orders and deliveries.
      </p>
    </li>
    <li>
      <p>
        Founded in 2006, Beam Global develops sustainable products and technologies for EV charging and energy storage applications. Key products by the company include Beam EV ARC and Solar Tree sustainable EV charging systems, as well as Beam AllCell high-performance energy storage solutions.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2023/03/23/2633101/0/en/Beam-Global-Secures-100-Million-Credit-Facility.html">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


EV Economy

Beam Global receives USD 100 million credit facility

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QuantumScape reports Q4 2022 and full-year results

Tesla, Ford, and BMW invest in EV battery plants, BP invests in EV charging infrastructure and GM secures raw materials for Ultium batteries

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ChargePoint and Stem partner on joint eMobility offering

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All Updates