Please use a PC Browser to access Register-Tadawul
Pioneer Power Solutions Signs MOU with Savvy Charging for e-Boost Pilot in UAE
Pioneer Power Solutions, Inc. PPSI | 4.10 | +4.06% |
Pioneer Power Solutions Inc. announced that its e-Boost business unit, Pioneer eMobility, has signed a Memorandum of Understanding with Savvy Charging Technologies, Ltd, an EV charging operator in the United Arab Emirates. The agreement launches e-Boost's international franchise model in the UAE. As part of the initial phase, Pioneer will deliver a paid pilot unit, the e-Boost G.O.A.T., a mobile charging system integrated with a Ford F-350 chassis, to Savvy Charging in the first quarter of 2026. Savvy Charging will conduct compliance testing and demonstrations for fleet operators, and begin securing orders for additional e-Boost units, which are expected to be manufactured locally under a technology transfer agreement. Recurring franchise revenue for Pioneer is anticipated to begin in 2026, with additional revenue from locally manufactured units expected in 2027.


