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Polar Power Launches New Line of Mobile Electric Vehicle Chargers
GARDENA, CA, May 10, 2023 (GLOBE NEWSWIRE) -- Polar Power Inc. (“Polar” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid
About this update from Polar Power, Inc.
[{"type":"text","content":"GARDENA, CA, May 10, 2023 (GLOBE NEWSWIRE) -- Polar Power Inc. (“Polar” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today announced it is now taking advance orders for its new line of mobile Combined Charging System (“CCS”) Electric Vehicle (“EV”) chargers, which are expected to be available before the end of the first quarter of 2024. Mobile EV chargers are used for emergency roadside service providing a fast-charging solution for EVs that have run out of charge before reaching a stationary charging facility. The goal is not to fully charge the vehicle but place a sufficient charge allowing the vehicle to proceed to the nearest charging station; this being analogous to the can of gasoline provided to stranded motorists. Polar is currently upgrading its mobile CHAdeMO EV chargers to the universal CCS standard to meet the larger market opportunity. Because of the supply chain shortages and long delivery of engines and electronics, Polar is taking orders for shipments starting in the first quarter of 2024. Since 2011 Polar has sold its CHAdeMO chargers to most of the major U.S. automakers for fast charging their EVs during field testing. The performance advantage Polar provided to mobile EV charging was a significant reduction in the charging system's size, weight, fuel consumption (for both the charger and vehicle transporting the charger), and system cost. Using the Polar system, a complete charging system can be deployed on the back of a small pickup truck relative to alternative solutions requiring a large trailer towed by a truck or tractor/trailer. The Polar mobile EV charger technology is DC based and is less than half the weight and size of an AC generator coupled to an AC to DC charger. The other alternate solution to an EV running out of power on the road is a flatbed truck to transport the vehicle to the nearest charging station. This is a cumbersome solution requiring a considerable time to load the EV, transport it, and unload it at the charging station. In aggregate, this can take hours and to exacerbate the situation, in many cities, there is a long wait for flatbed truck availability. Using a mobile EV charger allows a small van or pickup truck to perform a 15-to-30-minute charge (about the same time required to only load the vehicle on to the flatbed tr...