Welcome to our dedicated page for Blink Charging Co. news (Ticker: BLNK), a resource for investors and traders seeking the latest updates and insights on Blink Charging Co. stock.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) is a prominent leader in the public electric vehicle (EV) charging sector in the United States. Headquartered in Florida, with additional offices in Arizona and California, Blink Charging is dedicated to accelerating the adoption of public EV charging. The company provides a range of EV charging equipment and connectivity solutions through its cloud-based Blink Network, which operates, manages, and tracks Blink EV charging stations and all associated data.
Blink Charging caters to a wide array of property partners, including multifamily residential complexes, commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking areas, schools, and workplaces. This diverse presence ensures that EV drivers can easily recharge their vehicles at a variety of convenient locations.
The company’s core business revolves around the sale and distribution of EV charging equipment and the revenues generated from customers and property partners who utilize equipment connected to its network. Blink Charging not only sells and installs charging stations but also offers a comprehensive suite of services to maintain and optimize their operation.
One of Blink Charging’s recent achievements includes the initial steps to provide twelve chargers at a high-volume sorting center in Rugby, UK. This marks a significant step in expanding their footprint beyond the United States. Additionally, the company has introduced Blink Care, an optional maintenance program designed to minimize charger downtime and enhance the overall charging experience for users.
Blink Charging’s strategic vision is further evidenced by its selection as one of the EV charging providers designated to support a more sustainable future by expanding charging infrastructure. Financially, Blink Charging maintains a robust position, with substantial proceeds from recent initiatives aimed at bolstering its market presence.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has partnered with General Motors to enhance EV charging for GM vehicle owners. This collaboration will facilitate seamless access to Blink's charging stations, allowing users to view real-time charging information, locate stations, and manage payments via GM's mobile apps. Blink aims to increase utilization rates at its stations and attract new EV drivers. The company continues to pursue interoperability with other charging networks, enhancing the overall EV charging experience.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the appointment of Harjinder Bhade as Chief Technology Officer, emphasizing its commitment to advancing its EV charging technology. Bhade, with significant experience in the renewables sector and as a former executive at Engie Storage and ChargePoint, is set to enhance Blink's product offerings and technological capabilities. His leadership aims to position Blink as a key player in the competitive EV charging market, responding to the anticipated growth in electric vehicle adoption, projected to reach 10 million by 2025.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) announced the deployment of IQ 200 charging stations at the Native American Youth & Family Center (NAYA) in Portland, Oregon, supported by the Portland General Electric Drive Change Fund and the Electric Mobility Grant from Pacific Power Oregon. This initiative aims to expand EV infrastructure and promote electric vehicle adoption in the Pacific Northwest. The Electric Mobility Grant has made over $1.3 million available for electric mobility projects in Oregon, covering up to 100% of project costs. Blink continues to strengthen its presence in key EV markets.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) supports a regulatory framework for zero-emission vehicles, as proposed by a coalition of governors ahead of the White House Climate Summit. This initiative calls for standards mandating all new passenger cars and light-duty trucks to be zero-emission by 2035. CEO Michael D. Farkas highlighted the environmental benefits and potential job creation linked to electric vehicle adoption. Blink Charging aims to enhance EV infrastructure accessibility, paving the way for increased electric vehicle use across the U.S.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced a reseller agreement with ev Transportation Services Inc. (evTS) to distribute Blink's EV charging equipment, including the IQ 200-M portable charger, alongside evTS's FireFly ESV essential services vehicle. This collaboration was showcased at the Texas Auto Roundup, promoting a fully-electric roadside assistance solution aimed at easing range anxiety for EV users. Blink aims to enhance urban mobility and essential services with innovative charging solutions as demand grows in these sectors.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has upgraded all 19 first-generation EV charging stations in Plano, Texas, to the new IQ 200 fast Level 2 chargers. This upgrade aligns with a five-year agreement and reflects a commitment to enhancing EV infrastructure as the city experiences a 39% rise in electric vehicles since 2016. Blink's IQ 200 units offer a maximum output of 80 amps and are recognized as some of the fastest charging stations available. The upgrade underscores the partnership between Blink and Plano, positioning the city as a leader in EV charging in Texas.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the deployment of 42 electric vehicle (EV) charging ports at ten Four Brothers Pizza Inn locations in New York. This initiative is supported by the Charge Ready program and Make Ready incentives from NYSERDA and local utilities, significantly reducing costs for both Blink and Four Brothers. The collaboration aims to enhance EV charging infrastructure in popular dining destinations, meeting the growing demand for accessible charging solutions as EV usage increases. The project highlights Blink's commitment to sustainability and the expansion of its charging network.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced its sponsorship of the University of Cincinnati's Bearcat Electric Vehicle (BEV) racing team, the first all-electric formula racecar team. The BEV team consists of about 40 engineering students, many with experience at Tesla and SpaceX. Blink's sponsorship aims to foster innovation in the EV sector. Blink has previously formed partnerships with Bisimoto Engineering and EV influencer Seth Leitman, enhancing its influence in the EV space. The collaboration emphasizes sustainable innovation ahead of the Formula SAE competition in May 2021.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the installation of 6 Blink HQ 100 chargers in the municipality of Pedro Aguirre Cerda, Santiago, Chile. This initiative supports the municipality's acquisition of 6 Nissan Leaf electric vehicles, marking the first municipal EV fleet in the metropolitan region. The installation aligns with Chile's goal to electrify public transit by 2040 and enhance air quality. Blink continues to expand its presence in Latin America through partnerships with companies like Electro Chile and InterEnergy.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) reported significant growth in Q4 2020 with revenues up 250% to $2.5 million. Total annual revenue increased by 121% to $6.2 million. The company contracted 1,136 EV charging stations in Q4, reflecting a 51% increase year-over-year. Despite these gains, net loss rose to $7.9 million for Q4 and $17.8 million for the year due to rising operational expenses. A $221.5 million capital raise in January 2021 positions Blink for accelerated growth, enabling expansion in the EV charging market.
FAQ
What is the current stock price of Blink Charging Co. (BLNK)?
What is the market cap of Blink Charging Co. (BLNK)?
What does Blink Charging Co. do?
Where is Blink Charging Co. headquartered?
What services does Blink Charging offer?
Who are Blink Charging’s property partners?
What is the Blink Network?
How does Blink Charging generate revenue?
What recent expansion has Blink Charging undertaken?
What is Blink Care?
What is Blink Charging’s latest achievement?
How can I contact Blink Charging for media inquiries?
