Beam Global, a solar-powered electric vehicle charging and energy storage solutions provider, has secured a $100 million line of credit from OCI Group, a London-based supply chain solutions specialist. The facility is a five-year agreement - effective and active immediately per transaction. There is no minimum use requirement, and OCI and Beam Global have agreed that the $100 million cap can be increased if needed. This credit line gives us an additional layer of financial flexibility which will allow us to aggressively grow without taking on long-term debt or diluting our shareholders. Having a top-quality European fund involved in our growth fits well with our strategy of international expansion,' said Desmond Wheatley, Beam Global CEO. The credit facility is non-dilutive and inexpensive, priced at SOFR (Secured Overnight Financing Rate) plus 300 basis points.