Blink Charging Co - BLNK STOCK NEWS

Blink Charging (NASDAQ: BLNK) has appointed Chris Carr as Senior Vice President of Sales & Business Development. Carr brings over 12 years of sales leadership experience, including seven years in renewable energy and four years specifically in the EV charging sector. Most recently serving as Director of EV Charging at Gotion, Carr has demonstrated success in driving growth across solar, energy storage, and hydrogen fuel cell companies.

In his new role, Carr will focus on steering Blink's sales growth and executing the company's strategy of acquiring high-value owner/operator sites. He aims to develop new solutions including turnkey energy storage opportunities, efficiency-boosting offerings for business fleets, and technology solutions to increase Blink's revenues. CEO Mike Battaglia expressed confidence that Carr's expertise will be important in steering the company toward profitability and market leadership.

Blink Charging (NASDAQ: BLNK) has secured an agreement with the City of Alameda, California to provide up to 50 EV charging ports throughout the city. The implementation will occur in two phases: Phase 1 includes 13 Level 2 and DCFC ports across four locations, while Phase 2 will add 34 more ports, subject to funding and aligned priorities.

The collaboration involves Blink working with city officials to identify optimal locations for the charging infrastructure. Blink will provide comprehensive services including site assessment, preparation, installation, maintenance, repair, warranties, and product training. Installations are scheduled to begin in 2025, with the exact number of chargers and locations subject to adjustment.

Blink Charging (NASDAQ: BLNK) has announced that its subsidiary Envoy Technologies has filed a registration statement with the SEC for a proposed Initial Public Offering (IPO). Envoy Technologies, a provider of electric vehicle car-sharing services and community-based EVs, plans to list its common stock on The Nasdaq Capital Market under the ticker symbol 'EVOY'.

The number of shares and price range for the proposed offering have not been determined yet. The IPO is subject to market conditions and SEC review process completion. The registration statement has been filed but is not yet effective, meaning no securities can be sold or offers to buy accepted at this time.

Blink Charging (NASDAQ: BLNK) has announced Mike Battaglia as its new President & CEO, following Brendan Jones' planned retirement. Battaglia, previously serving as COO, joined Blink in 2020 as Vice President of Sales and later advanced to Chief Revenue Officer.

Under Battaglia's tenure, Blink's revenue grew significantly from $3 million in 2019 to $140.6 million in 2023, achieving the highest gross margin in its industry among comparable companies. The company's Board of Directors conducted a thorough succession planning process before recommending Battaglia.

Based in Bowie, Maryland, Blink focuses on advancing energy resilience and economic growth through EV infrastructure development. Battaglia brings nearly 30 years of experience from previous roles at JD Power, SmartDisk, and Toyota Motor Sales, U.S.A.

Blink Charging Co. (NASDAQ: BLNK) has deployed 76 DC fast charging ports across 23 Royal Farms store locations in Maryland and Delaware, with plans to expand to over 100 ports. The charging infrastructure, owned and operated by Blink, was partially funded through state environmental programs including Maryland's Electric Corridors Grants Program and Delaware's DNREC Division of Air Quality.

The partnership, which began in 2024, represents a strategic expansion of Blink's recurring services business. Royal Farms customers can access high-speed EV charging while utilizing the stores' convenience offerings, including fresh food services. The collaboration aims to enhance charging accessibility throughout the mid-Atlantic region while providing convenient charging solutions for EV drivers.

Blink Charging (NASDAQ: BLNK) announced the closure of an SEC investigation that began in July 2023, with no enforcement action recommended against the company. The resolution of this matter eliminates associated legal expenses, contributing to reduced operating costs.

According to Aviv Hillo, Blink's General Counsel and EVP of M&A, this conclusion addresses a longstanding legacy issue. Mike Battaglia, COO and CEO Elect (effective February 1, 2025), emphasized that this development allows the company to focus on executing its core strategy and working toward profitability.

Blink Charging (NASDAQ: BLNK), a global leader in EV charging solutions, has announced that Michael Battaglia, Chief Operating Officer and CEO Elect, will deliver a presentation at the 27th Annual Needham Growth Conference. The presentation is scheduled for Tuesday, January 14 at 3:00 pm ET in New York City.

Battaglia will be available for one-on-one meetings with investors during the conference. The company has provided access to the virtual presentation for interested investors who cannot attend in person.

Blink Charging (NASDAQ: BLNK) has appointed Martha J. Crawford, PhD to its Board of Directors effective December 12, 2024. Dr. Crawford brings over 30 years of expertise in strategic growth, private equity, low-carbon energy, and environmental infrastructure. She previously served as a C-suite executive at Areva and Air Liquide, leading R&D operations in renewable and nuclear energies.

Dr. Crawford has board experience with Suez, Altran, and Ipsen Pharmaceuticals, and has taught at Harvard Business School, developing courses on energy transformation and corporate accountability. As an Operating Partner with Macquarie Asset Management and Partners Group, she specialized in scaling infrastructure assets in green energy and environmental services.

Blink Charging UK has secured a three-year contract with Kings College NHS Trust to install and manage 41 EV chargers at Princess Royal University Hospital. Starting May 2025, the project includes installing 35 ground-floor and 6 first-floor vehicle-to-grid chargers, along with 21 contactless payment terminals. The installation is part of Kings' Green Plan to achieve Net Zero healthcare services. Blink UK won the contract against 20 competitors through the Crown Commercial Framework, marking its 14th NHS Trust contract and positioning it as one of the UK's leading NHS EV charging providers.