Polar Power Inc. announced that it has secured an initial purchase order for fifty next‑generation EVMC30K mobile electric‑vehicle fast chargers, marking a significant commercial milestone for the company’s mobile charging division.
The EVMC30K units deliver up to 30 kW of Level 3 fast‑charging power and support both CCS and Tesla connector standards. Each charger is powered by a propane‑driven Toyota prime‑power engine that drives a Polar DC alternator, with natural‑gas and diesel options also available. The units can charge a typical EV from 10 % to 80 % in 15 to 30 minutes, enabling stranded drivers and fleet operators to reach the nearest charging station quickly.
While the order expands Polar Power’s footprint in the rapidly growing mobile EV charging market, it comes amid a period of financial distress. In the third quarter of 2025, the company reported net sales of $1.27 million—down 74 % year‑over‑year—and a net loss of $4.09 million, compared with $4.90 million in sales and a $13,000 profit in the same quarter a year earlier. The company’s gross loss in Q3 2025 was $2.26 million, or 177.5 % of net sales, versus a gross profit of $1.40 million (29 % of sales) in Q3 2024.
Segment analysis shows that the telecom market has historically dominated Polar Power’s revenue, accounting for 92 % of net sales in Q2 2025. The new EV charging order represents a strategic shift toward diversifying beyond telecom, but the company’s overall revenue mix remains heavily weighted toward legacy services. The company’s Altman Z‑Score of –1.94 and a price‑to‑sales ratio of 0.48 underscore the financial headwinds it faces.
CEO Arthur Sams highlighted the market need for mobile charging solutions, noting that “as an EV owner for nine years, I understand the challenges of range anxiety and phantom discharge. Our technology provides a practical and efficient alternative to towing.” He added that the order “signals a significant opportunity to supply mobile EV chargers nationwide for both residential and commercial applications, and we are negotiating a two‑year distribution agreement to expand our sales and service reach.”
Investor sentiment has remained cautious, reflecting the company’s recent net‑loss trajectory and high financial risk profile. The positive order, however, demonstrates tangible commercial traction beyond pilot programs and may help the company build momentum in its new EV charging segment.
In summary, the 50‑unit order is a noteworthy development for Polar Power’s mobile charging business, but the company must address its broader financial challenges to translate this milestone into sustainable growth.
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