POLA news

Polar Power Inc. appointed Chris Mayer as Co-CEO to drive corporate strategy and financial growth, aligning with the company's efforts to expand its telecom and defense market presence.

Polar Power achieved substantial operational improvements in Q1 2026 with gross margin expanding to 65.7%, operating expenses declining 22%, and net loss shrinking 86% to $176K. The company posted a $3.8M sales backlog as of May 30, 2026, and improved its balance sheet with positive working capital …

Polar Power sold a convertible redeemable note with $600,000 principal amount and $54,000 original issue discount to CFI Capital LLC for $546,000. The note is convertible into common stock and represents a debt financing transaction for the Delaware-based power generation company.