Building the Future of Clean Energy 

At ConnectM, we believe that everyone deserves access to clean, reliable, and affordable energy. Since our founding in 2019, our mission has been to electrify homes, businesses, and transportation to reduce energy costs, improve the quality of life and combat climate change. 

In July 2024, we took a significant step forward by becoming a public company, marking a new chapter in our growth. The 8 months have reinforced our belief that the transition to an electrified energy economy is not only necessary but inevitable—and we are committed to leading this transformation. 

 ConnectM is enabling a faster, smarter transition to an all-electric future through its AI-driven energy intelligence platform. The company integrates electrified energy assets with proprietary technology solutions, enabling residential, commercial, and transportation customers to efficiently transition from fossil fuels to renewable energy sources. With 120,000+ connected assets and growing, ConnectM is uniquely positioned in the rapidly expanding $2 trillion electrification market. 

2024 Highlights: Scaling Innovation and Impact 

Beginning our journey as a public company, we focused on scaling our solutions, strengthening our financial position, and expanding our market presence. Some of our key achievements include: 

Sustainable Revenue Growth 

• Continued our history of quarterly revenue growth, demonstrating the robustness of our business model. 

• Projected a $45M revenue run rate, with cash-flow breakeven expected in early 2025. 

• Created scalable revenue streams through product sales, software subscriptions, and managed energy services. 

Strategic Acquisitions and Expansion 

• Acquired MHz Invensys, a leader in wireless communication for smart metering, adding $15M in projected revenue by 2027. 

• Strengthened our building electrification and last-mile logistics business through the acquisitions of DeliveryCircle and Green Energy Gains. 

• Developed a pipeline of high-growth acquisition opportunities to further growour enterprise value. 

Financial Strength and Institutional Support 

• Eliminated $31M in debt via equity conversion, de-risking our balance sheet. 

• Secured $25M in strategic financing to support expansion and technology development. 

• Looking Ahead: The Future of Electrification 

As the world accelerates its shift toward decarbonization and electrification, ConnectM is well-positioned to enter its next phase of growth. Our strategy for 2025 and beyond includes: 

1. Scaling our Energy Intelligence Network (EIN) by expanding our AI-driven platform to integrate more renewable energy assets and optimize energy management. 

2. Supporting our portfolio companies in their efforts to expand their AI-powered electrification solutions. 

3. Increasing enterprise value through strategic acquisitions by continuing to invest in synergistic growth opportunities that strengthen our competitive position. 

4. Maintaining financial discipline by balancing steady expansion with smart capital allocation to drive long-term shareholder value. 

A Commitment to a Cleaner Future 

Our first 8 months as a public company have been a milestone in our journey, but we are just getting started. We remain committed to delivering high ROI, scalable, and high-impact energy solutions that support the global transition to clean and electrified systems. 

To our customers, employees, and shareholders — thank you for your trust and support. Together, we are shaping the future of energy.