Beam Global and Platinum Group launch joint venture to accelerate clean transport in Middle East and Africa

Beam Global, a US-based clean technology company specialising in sustainable infrastructure for transportation electrification and energy security, has announced a joint venture with Platinum Group LLC, a UAE-based conglomerate with deep governmental and industry ties in Abu Dhabi. The new entity, Beam Middle East LLC, will focus on manufacturing and selling Beam Global’s patented solutions for electrification, energy storage, and smart city initiatives across the Middle East and Africa. The partnership aligns closely with the UAE’s ambitions toward a net-zero carbon future by 2050, with the joint venture headquartered in Masdar City, a pioneering sustainable urban development in Abu Dhabi.

The company said that Platinum Group’s established relationships in the Gulf region present a strategic advantage to access government projects and regional businesses, complementing Beam Global’s technology portfolio. This collaboration reflects Beam’s broader goal of geographic diversification beyond its existing operations in the US and Europe. According to the announcement, the Middle East is poised for rapid growth in electric vehicle adoption, with projections suggesting the number of EVs in five key markets—including the UAE, Saudi Arabia, Qatar, Oman, and Jordan—could rise from around 69,000 units this year to 1.5 million by 2030, a compound annual growth rate of over 66%. The company estimates a sizable market opportunity for its products, including EV charging infrastructure and related mobility solutions such as eBikes and electric scooters.

Market data highlighted in Beam’s release included a detailed case study on Abu Dhabi, where potential revenues from eBike charging, streetlight-integrated devices, law enforcement fleet electrification, and resort mobility solutions amount to sizeable multi-million-dollar opportunities. However, the projections, while optimistic, rest on assumptions about market penetration and government adoption rates that have yet to materialize fully in the region. Industry observers note that while Gulf states have indeed committed substantial budgets toward sustainable infrastructure—cited as $75.6 billion by 2030—actual deployment faces challenges including regulatory complexity, evolving technology standards, and competition from incumbent regional suppliers.

Platinum Group, chaired by His Royal Highness Sheikh Mohammed Sultan Bin Khalifa Al-Nahyan, will contribute its local market knowledge, business development experts, and plans to establish regional manufacturing facilities. Beam Global will license its proprietary technology and provide operational support. Together, both firms aim to leverage Abu Dhabi’s Masdar City ecosystem, which is considered a hub for innovation in sustainability and clean technology. The joint venture structure is evenly split, signalling an equal partnership intent on combining influence with innovation.

This move by Beam Global follows other recent initiatives to enter the Middle East and North Africa (MENA) region, including a collaboration announced earlier in the year with Solvana, a subsidiary of Jordanian-based Greentech LLC. That project focuses on deploying solar-powered infrastructure for humanitarian aid in Gaza and expanding Beam’s footprint in markets such as Saudi Arabia and Egypt. Such partnerships underscore the burgeoning interest in renewable energy and electrification across the wider region, driven by governments’ commitments to diversify energy sources and invest in clean technologies amid global climate pressures.

Despite the upbeat framing by Beam and Platinum Group, attention will remain on their ability to navigate regional complexities, including geopolitical instability in some markets, infrastructure readiness, and the pace at which electric vehicle adoption translates into sustained demand for related charging and mobility infrastructure. Independent market analysts caution that while the Gulf’s clean energy ambitions are headline-grabbing, the commercialisation of green technology solutions often faces delays and cost hurdles. Beam Middle East LLC’s success will likely depend on how effectively it integrates Platinum Group’s connections with the delivery of scalable, cost-efficient technologies tailored to local conditions.

In sum, the joint venture represents a strategic effort by an American clean tech firm to capitalise on Middle Eastern and African market potential through collaboration with a well-positioned regional partner. It echoes a growing trend of international companies seeking footholds in the energy transition efforts underway in the Gulf and beyond, as these countries aim to reshape their economic and environmental futures.

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Source: Noah Wire Services