By Michael Elkins
Beam Global (NASDAQ:BEEM), a leading provider of EV charging and energy storage solutions, announced Tuesday that the company has received an order for its energy storage solutions to power an industrial robotics platform.
The customer is an established company that designs and builds mobile robotics platforms and software. The application is an unmanned ground vehicle platform that can be outfitted with a variety of sensing options.
“The mobile robotics market is experiencing high growth with a wide variety of uses, from healthcare and manufacturing to hospitality, research and combat situations. Acceleration in artificial intelligence, autonomous systems and the connectivity needed for the internet-of-things is propelling this market to new levels of capability,” said Beam Global CEO Desmond Wheatley. “We are confident that Beam Global’s ability to create bespoke energy storage solutions, with our patents on safety and performance, positions us to take a leading role in this rapidly growing segment.”
According to the Mobile Robotics Market Research Report from Market Research Future (MRFR), the mobile robotics sector is estimated to reach over $25 billion by 2030, growing at a 21.4% CAGR from 2022-2030.
Shares of BEEM are up 3.10% in afternoon trading on Tuesday.