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FIAT House in New Jersey Introduces Private Electric Car Sharing Program for Residents through Envoy Technologies, Inc.

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Envoy Technologies, a Blink Charging Co. company, has partnered with UNLMTD Real Estate Group to launch an electric car-sharing program at FIAT House, a luxury residential development in Fort Lee, New Jersey. The program features a fleet of FIAT 500e electric vehicles exclusively available for residents to book hourly through the Envoy Mobility app. Located near the George Washington Bridge, FIAT House offers multiple transportation options including the new EV sharing service, which aims to eliminate the need for personal vehicle ownership. The program supports property owners through enhanced tenant retention while promoting sustainable transportation. Envoy currently operates in 23 states and plans nationwide expansion.

Envoy Technologies, un'azienda di Blink Charging Co., ha stretto una partnership con UNLMTD Real Estate Group per lanciare un programma di car sharing elettrico presso FIAT House, un lussuoso sviluppo residenziale a Fort Lee, nel New Jersey. Il programma prevede una flotta di veicoli elettrici FIAT 500e disponibili esclusivamente per i residenti che possono prenotarli a ore attraverso l'app Envoy Mobility. Situata vicino al George Washington Bridge, FIAT House offre molteplici opzioni di trasporto, incluso il nuovo servizio di condivisione di veicoli elettrici, che mira a ridurre la necessità di possedere un veicolo personale. Il programma supporta i proprietari immobiliari attraverso un aumento della retention dei locatari, promuovendo al contempo trasporti sostenibili. Attualmente, Envoy opera in 23 stati e prevede di espandersi a livello nazionale.

Envoy Technologies, una empresa de Blink Charging Co., se ha asociado con UNLMTD Real Estate Group para lanzar un programa de car sharing eléctrico en FIAT House, un lujoso desarrollo residencial en Fort Lee, Nueva Jersey. El programa cuenta con una flota de vehículos eléctricos FIAT 500e disponibles exclusivamente para los residentes, quienes pueden reservarlos por horas a través de la aplicación Envoy Mobility. Ubicado cerca del Puente George Washington, FIAT House ofrece múltiples opciones de transporte, incluido el nuevo servicio de compartición de vehículos eléctricos, que busca eliminar la necesidad de poseer un vehículo personal. El programa apoya a los propietarios de propiedades a través de una mayor retención de inquilinos, al mismo tiempo que promueve el transporte sostenible. Envoy opera actualmente en 23 estados y planea una expansión a nivel nacional.

Envoy Technologies, Blink Charging Co.의 자회사, 가 UNLMTD Real Estate Group과 협력하여 뉴저지주 포트 리에 있는 고급 주거 개발인 FIAT House에서 전기차 공유 프로그램을 출시했습니다. 이 프로그램은 거주자가 Envoy Mobility 앱을 통해 시간 단위로 예약할 수 있는 FIAT 500e 전기차의 플릿을 제공합니다. 조지 워싱턴 다리 근처에 위치한 FIAT House는 개인 차량 소유의 필요성을 없애는 것을 목표로 하는 새로운 전기차 공유 서비스를 포함하여 여러 교통 수단을 제공합니다. 이 프로그램은 세입자 유지율을 높여 자산 소유자를 지원하며 지속 가능한 교통을 촉진합니다. Envoy는 현재 23개 주에서 운영 중이며, 전국적으로 확장할 계획입니다.

Envoy Technologies, une entreprise de Blink Charging Co., s'est associée à UNLMTD Real Estate Group pour lancer un programme de covoiturage électrique au FIAT House, un développement résidentiel de luxe à Fort Lee, dans le New Jersey. Le programme propose une flotte de véhicules électriques FIAT 500e exclusivement disponibles pour les résidents qui peuvent les réserver à l'heure via l'application Envoy Mobility. Situé près du pont George Washington, le FIAT House offre plusieurs options de transport, y compris le nouveau service de partage de véhicules électriques, qui vise à éliminer la nécessité de posséder un véhicule personnel. Le programme soutient les propriétaires immobiliers grâce à une meilleure fidélisation des locataires tout en promouvant un transport durable. Envoy opère actuellement dans 23 États et prévoit une expansion à l'échelle nationale.

Envoy Technologies, ein Unternehmen von Blink Charging Co., hat sich mit UNLMTD Real Estate Group zusammengeschlossen, um ein Elektro-Auto-Sharing-Programm im FIAT House, einer luxuriösen Wohnanlage in Fort Lee, New Jersey, zu starten. Das Programm umfasst eine Flotte von FIAT 500e Elektrofahrzeugen, die exklusiv für die Bewohner stundenweise über die Envoy Mobility-App gebucht werden können. In der Nähe der George-Washington-Brücke gelegen, bietet das FIAT House mehrere Verkehrsmöglichkeiten, einschließlich des neuen EV-Sharing-Dienstes, der darauf abzielt, die Notwendigkeit des persönlichen Fahrzeugbesitzes zu eliminieren. Das Programm unterstützt Immobilieneigentümer durch eine verbesserte Mieterbindung und fördert gleichzeitig nachhaltige Mobilität. Envoy ist derzeit in 23 Bundesstaaten tätig und plant eine landesweite Expansion.

Positive
  • Expansion of Envoy's service to new luxury residential development
  • Strategic location near major transportation hub enhances service value
  • Potential for increased tenant retention and property value
  • Operating presence in 23 states indicates strong market penetration
Negative
  • None.

Insights

This partnership between BLNK's Envoy Technologies and FIAT House represents a strategic expansion in the EV car-sharing space, though its immediate financial impact is likely minimal. The deal adds 300+ residential units to Envoy's portfolio and marks their presence in 23 states. While the revenue per unit isn't disclosed, similar car-sharing programs typically generate $200-400 monthly per vehicle.

The partnership's true value lies in its demonstration of BLNK's diversification strategy beyond charging stations. By integrating EV charging with car-sharing services in residential developments, they're creating recurring revenue streams and establishing stronger market positioning. This model could be particularly appealing as more residential developments seek sustainable amenities to attract environmentally conscious tenants.

Innovative Amenity Brings Sustainable Transportation to Residents

Ft. Lee, NJ, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. company, and leading provider of electric vehicle car-sharing services and community-based electric vehicles (EVs), has teamed with UNLMTD Real Estate Group, LLC (“UNLMTD”) to introduce electric car sharing at FIAT House, a brand-new collection of more than 300 studios, one- and two-bedroom luxury residences.

FIAT House is the first residential development to offer an on-site fleet of all-electric FIAT 500e vehicles, powered by Envoy’s innovative car-sharing service. These vehicles are available exclusively for residents to book by the hour, promoting sustainable transportation options and on-site convenience. Residents can easily reserve and unlock/lock vehicles using the user-friendly Envoy Mobility app.

Situated in a highly accessible area of Fort Lee, New Jersey, right on the foot of the George Washington Bridge, FIAT House is ideal for a modern sustainable commuter lifestyle, where residents enjoy convenient access to multiple public transportation options, a walkable distance to NYC, and now the new FIAT cars available on-call to residents through Envoy. All of these transportation modes eliminate the need for a personal vehicle, which may result in substantial savings for residents.

This innovative program supports property owners by enhancing tenant acquisition and retention, as mobility is a sought-after amenity. By tracking usage and return on investment (ROI), property owners like the FIAT House can measure its effectiveness and value. Additionally, the service is economical and exclusive to residents and guests, fostering community while promoting clean, sustainable solutions.

The access to zero-emission vehicles supports the property's commitment to environmental stewardship, with on-site charging stations available to ensure vehicles are always ready for residential use. This initiative also provides development incentives and proves to be more affordable than owning a car, allowing residents to book vehicles flexibly for hours or days via the app. The convenience of having vehicles parked on-site adds to the program's appeal, while the growth potential offers residents the chance to be part of a future national network.

“This collaboration is an exciting full-circle moment for Envoy because FIAT was the first vehicle to launch with us when our company started back in 2017,” said Aric Ohana, CEO and Co-Founder of Envoy Technologies. "This launch represents the next evolution in sustainable urban living and convenience. FIAT House represents a groundbreaking milestone in co-branded developments. This collaboration with UNLMTD and FIAT also creates a win-win situation – residents can enjoy a unique, sustainable transportation option, while FIAT gains real-world exposure for its latest EV.”

“The FIAT 500e is the ultimate city car, perfect for tackling NYC with its compact footprint, 162 miles of city range and user-friendly technology, including standard Uconnect 5 10.25-inch navigation touchscreen and wireless Apple CarPlay and Android Auto,” said Aamir Ahmed, Head of FIAT North America. “We're thrilled to collaborate with Envoy and UNLMTD by providing a fleet of 500e EVs, giving FIAT House residents convenient access to fun, practical and stylish zero-emission transportation whenever they need it."

Envoy car-share services are currently operational in residences, offices, and hotels across the country, serving major metropolitan areas in 23 states, including California, Washington State, Oregon, New York, Washington D.C., Massachusetts, Colorado, Arizona, Florida, Tennessee, Illinois, Hawaii, Michigan, North Carolina, Georgia, Texas, Idaho, and more. Envoy’s branded services, ‘Mobility as an Amenity,’ is poised to expand nationwide in the United States, with further growth plans in motion.

About Envoy

Envoy is a pioneering EV fleet technology and electric car-sharing service provider headquartered in Culver City, California. Envoy offers a flagship all-electric car-sharing services in the United States for private property amenities. Envoy’s amenity service delivers electric car-sharing as a premium amenity perk for private properties such as apartments, hotels, and workplaces. By cooperating with Envoy, real estate owners and operators can introduce a cutting-edge amenity that enriches the lives of their residents, members, and guests enhancing mobility as part of their lifestyle. Envoy’s amenity services support nationwide goals to reduce parking demand and individual car ownership. Developers can leverage Envoy’s inclusion in their projects to access development incentives, aligning with urban development goals.

About Blink Charging 

Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.

Contacts:

Envoy Mobility
Marilyn Mota
Marketing Manager
marilyn@envoythere.com

Blink Media Contact
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266

Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446


FAQ

What is the new electric car sharing program at FIAT House?

FIAT House has introduced an exclusive electric car sharing program featuring FIAT 500e vehicles, operated by Envoy Technologies (BLNK), allowing residents to book vehicles hourly through the Envoy Mobility app.

Where is the new FIAT House EV sharing program located?

The program is located at FIAT House in Fort Lee, New Jersey, near the George Washington Bridge, serving over 300 luxury residential units.

How many states does Envoy Technologies (BLNK) currently operate in?

Envoy Technologies operates in 23 states, including California, Washington State, Oregon, New York, Washington D.C., Massachusetts, and others.

What is the range of the FIAT 500e vehicles available through the program?

The FIAT 500e vehicles offered in the program have a city range of 162 miles.

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