Launch of Mobile EV Charging Solution Propels the Company into a New High-Growth Market
Polar Power announced that it is currently accepting pre-orders for its upcoming range of mobile Combined Charging System Electric Vehicle Chargers, which should become available before the conclusion of 1Q24. According to Allied Market Research, the global portable EV charger market size is expected to be valued at $63.2 million in 2025, and is projected to reach $388.9 million by 2035, growing at a CAGR of 20.1% from 2026 to 2035...Polar Power designs, manufactures, and sells direct current (DC), power systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply. Within the telecommunications market, the company's systems provide energy for applications that do not have access to the utility grid or have power needs and cannot be without power in the event of utility grid failure. Within this market, the company provides three configurations of its DC power systems: DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.
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