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Beam Global to Buy Battery Supplier as EV Charging Heats Up - Bloomberg

Beam Global to Buy Battery Supplier as EV Charging Heats Up

The cross-pollination opportunities here are absolutely fantastic for us.” CEO Desmond Wheatley shared with David Baker at Bloomberg what our acquisition of energy storage company AllCell means for the future of Beam Global. Check out the article for more.

Chicago battery maker AllCell acquired by Beam Global

Chicago Battery Maker Acquired by Beam Global

Beam (NASDAQ: BEEM) said Wednesday that it’s buying Chicago-based AllCell, a company that makes safer lithium-ion batteries, in an all-stock deal. The acquisition, expected to close March 1, could be worth up to $30 million based on performance earn outs, according to Bloomberg.