Pioneer Power (PPSI) announced that Pioneer eMobility, its e-Boost business unit, has signed a memorandum of understanding with Savvy Charging Technologies. This landmark agreement launches e-Boost’s new international franchise model and represents a step forward in its global expansion into international markets. The MOU establishes the framework for Savvy Charging to serve as a strategic partner and franchisee in the UAE. Savvy Charging holds vital local permits from authorities. The partnership will initially focus on localizing the e-Boost product line to meet accelerating fleet electrification mandates in the region. A core element of the MOU is the transfer of e-Boost’s technology to a Pioneer- and Savvy-designated manufacturing partner in a low-cost in-country or near-country zone, ensuring full compliance with UAE standards.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PPSI:
- Pioneer Power Solutions’ Earnings Call: Growth Amid Challenges
- Pioneer Power price target lowered to $7 from $9 at Lake Street
- Pioneer Power Solutions: Strong Growth Potential and Strategic Initiatives Justify Buy Rating with $12 Price Target
- Pioneer Power Solutions Reports Revenue Growth Amid Challenges
- Pioneer Power Solutions Reports Q3 2025 Financial Results
