Polar Power, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Arthur D. Sams
- Full Time Employees
- 82
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- 249 East Gardena Boulevard Gardena CA United States of America 90248
- IPO Date
- Dec 7, 2016
- CIK
- 0001622345
- Website
- polarpower.com
- Similar Companies
- Business
- Polar Power, Inc. is a technology company specializing in the design and manufacture of direct current (DC) power and cooling solutions primarily for the telecommunications, military, renewable energy, electric vehicle (EV) charging, residential, commercial, oil field, and mining sectors. Its core products include DC generators; backup DC generators; hybrid power systems; lithium-ion battery charging systems; marine DC generators; mobile electric vehicle chargers; and micro/nano grid power solutions. The company's systems are highly configurable and can operate on various energy sources such as photovoltaics, diesel, liquefied petroleum gas (LPG), propane, butane, and other renewable fuels. Their portfolio serves diverse markets including outdoor telecommunications infrastructures, military applications like robotics and drones, EV charging stations, and remote or off-grid power needs. Founded in 1979 and headquartered in Gardena, California, Polar Power operates primarily within the United States, with some international sales, though the latter have decreased recently from 25% to 3% of total revenue. The telecommunications sector remains its dominant market segment, representing over 90% of net sales, with growing contributions from aftermarket parts and service sales, which increased by 288% year-over-year as of mid-2025. The company maintains a production capacity that supports over $50 million in annual revenue and holds substantial raw materials inventory to support manufacturing. Among the latest major company developments, Polar Power announced a strategic partnership with ZQuip, a division of Moog Inc., to develop and supply DC hybrid power systems tailored for the construction equipment industry. This collaboration aims to extend the runtime and reduce fuel and maintenance costs for battery-powered construction machinery. Additionally, Polar Power received a $674,000 contract in late 2025 for the supply of compact, lightweight DC generators for military mobile applications, launching a new model that is approximately 25% smaller and lighter than its prior smallest generator while maintaining power output. The company is also preparing to release a 30 kW mobile electric vehicle charger in the fourth quarter of 2025 after a year of testing, targeting emergency roadside assistance and mobile rapid battery charging markets. Polar Power has implemented restructuring in its sales approach to rebuild both domestic and international reseller channels to regain pre-pandemic sales levels. It has also been actively enhancing its aftermarket and microgrid product lines, including innovations in combined heat and power residential systems and hybrid propulsion solutions for marine and specialty vehicles. Overall, Polar Power positions itself as a pioneer in advanced DC power systems with a robust and diversified product portfolio catering to multiple industrial and commercial applications, supported by recent strategic partnerships, new product launches, and operational refinements aimed at strengthening its market presence. This description reflects the latest available information through late 2025 on Polar Power’s product offerings, recent strategic moves, financial highlights, and operational scope.
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Polar received a Military contract to supply compact and light weight DC Generators for a mobile application
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Polar Power Reports First Quarter 2025 Financial Results
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