Pioneer Power Solutions announced a memorandum of understanding with UAE‑based Savvy Charging Technologies to launch an international franchise model for its e‑Boost mobile charging technology. The agreement, signed on Dec 2, 2025, will allow Savvy to localize Pioneer’s e‑Boost G.O.A.T. units and sell them under a franchise arrangement, creating a recurring revenue stream for Pioneer beginning in 2026.
The partnership positions Pioneer to enter the UAE’s fleet electrification market, where the government has mandated that 30 % of all vehicles be electric by 2030. Savvy’s existing permits from Dubai Electricity and Water Authority (DEWA) and its established relationships with utilities give Pioneer immediate market access that would otherwise require significant regulatory and infrastructure investment.
Under the MOU, Pioneer will transfer its e‑Boost technology to a local manufacturing partner, enabling production of the G.O.A.T. units in the region. The first pilot unit is slated for delivery in Q1 2026, after which local manufacturing will scale to meet demand. The franchise model is designed to expand Pioneer’s global footprint while keeping capital expenditures low.
The deal comes as Pioneer’s recent quarterly results show revenue growth but margin pressure. Q3 2025 revenue rose 7 % year‑over‑year to $6.9 million, up from $6.42 million in Q3 2024, yet the company posted a net loss of $2.35 million versus a $1.12 million loss in the prior year. Management cited an unfavorable sales mix—particularly lower‑margin school‑district projects—as the main driver of the margin decline.
CEO Nathan Mazurek said the franchise model “combines our proven e‑Boost technology with Savvy’s deep local market expertise, creating a robust, fully compliant entry into the Middle East while generating recurring franchise revenue from 2026.” He added that the partnership is part of a broader strategy to capitalize on global fleet electrification and unlock new revenue streams, which should help stabilize margins over the long term.
While the partnership signals a significant expansion, investors will watch how Pioneer balances the upfront costs of technology transfer and pilot production against the projected recurring franchise income. The company’s strong balance sheet—more cash than debt and a current ratio of 4.62—provides a cushion to absorb the initial investment, but the impact on profitability will depend on the speed of local manufacturing ramp‑up and the ability to secure high‑margin contracts in the UAE market.
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