#United States #Marlborough #EV Solutions #ConnectM Technology #CNTM

ConnectM Technology Solutions Reports Remarkable Growth

ConnectM Technology Solutions, Inc. (NASDAQ: CNTM) is making headlines with its impressive growth trajectory in the electrification economy. As a pioneering technology firm, ConnectM announced notable advancements within its Electric Vehicle (EV) Solutions sector, which is a key component of its Transportation and Logistics segment. In just the first two months of 2025, the company secured over 5,500 orders for its MELI Mobility Edge product and AURAI Platform Subscriptions from existing Original Equipment Manufacturer (OEM) clients. With these firm orders, ConnectM anticipates its connected EV order volume to reach an astonishing 50,000 vehicles by the end of 2025.

In addition to sustained demand from current customers, ConnectM has broadened its customer base by signing four new OEM partners this past quarter. This expansion not only signifies increasing trust in ConnectM's innovative technologies but also enhances its leadership presence in the EV Solutions market.

Ambitious Outlook for 2025

Looking ahead, ConnectM envisions partnering with at least six additional OEMs throughout 2025, supporting its aim for continued growth characterized by triple-digit percentage increases year-over-year in its Transportation and Logistics segment.

Bhaskar Panigrahi, the company's Chairman and CEO, expressed strong confidence in their growth strategy, stating, "Our growth trajectory continues to accelerate as we expand our OEM partnerships and deepen our presence in the transportation electrification sector. With a projected 50,000 connected EVs in 2025 and more OEMs integrating our technology, we are at the forefront of a rapidly expanding market."

ConnectM's robust business model emphasizes scalability via high-margin recurring revenue streams derived from software and related services. This positions the company to achieve long-term profitability while consistently delivering value to investors.

About ConnectM Technology Solutions

ConnectM is dedicated to advancing the electrification economy through a unique AI-driven technology solutions platform. Their proprietary Energy Intelligence Network platform serves not only residential and commercial properties but also focuses on all-electric OEMs to promote a shift towards all-electric heating, cooling, and transportation systems.

By utilizing data, artificial intelligence, and innovative design principles, ConnectM aims to create more accessible, affordable, and impactful electrification solutions. As a vertically integrated firm, they boast in-house service networks alongside a comprehensive technology stack. This structure empowers their customers to minimize their dependence on fossil fuels, generate cost savings on energy, and curtail their carbon emissions.

For additional insights about ConnectM and its groundbreaking contributions to the electrification landscape, visit ConnectM's official website.

While ConnectM shows exciting potential, it's essential to recognize that the statements made herein regarding the company's future performance may contain forward-looking assertions, which are subject to various factors and uncertainties that could lead to actual outcomes that significantly differ from projected results. Therefore, readers should interpret these statements cautiously, and ConnectM has no obligation to update or revise any forward-looking comments as future circumstances evolve.