Blink Charging Awarded Contract to Develop EV Charging Infrastructure for City of Richmond

Rhea-AI Summary

Blink Charging (NASDAQ: BLNK) has secured a contract with the City of Richmond to develop an advanced EV charging infrastructure network. The company, along with four other vendors, will collaborate to provide public charging solutions for residents and visitors.

The contract encompasses comprehensive services including site assessment, installation, maintenance, repair, and product training. This initiative aligns with Richmond's RVAgreen Climate Equity Action Plan 2030 and its net zero strategies.

Positive

• Contract win for EV charging infrastructure development in Richmond
• Partnership with a major city demonstrates market credibility
• Potential for additional site development in greater Richmond area
• Comprehensive service scope including installation, maintenance, and training

Negative

• Competition from four other vendors in the same contract
• Financial terms and contract value not disclosed

Insights

Clean Energy Infrastructure Analyst

Blink Charging's Richmond contract strengthens municipal portfolio but shares revenue with four other vendors in a competitive arrangement.

Blink Charging has secured a position as one of five selected vendors to develop EV charging infrastructure for the City of Richmond, advancing the company's municipal portfolio strategy. While this marks a positive business development, the contract structure as a multi-vendor collaboration dilutes the potential exclusive revenue opportunity that would typically accompany a sole-source agreement.

The contract scope encompasses comprehensive services including site assessment, installation, maintenance, and ongoing support—creating a potential recurring revenue stream beyond initial deployment. However, with revenue sharing across multiple vendors, the financial impact may be more modest than if Blink had secured exclusive rights.

This agreement aligns with two important market trends: increasing municipal investment in EV infrastructure to support climate initiatives, and the evolution of procurement models toward vendor diversity. Richmond's RVAgreen Climate Equity Action Plan 2030 provides a stable policy foundation for continued infrastructure investment, potentially offering Blink opportunities for future expansion.

From a competitive positioning standpoint, Blink's inclusion among the selected vendors demonstrates its continued relevance in the municipal market. However, the multi-vendor approach reflects the maturing competitive landscape where cities increasingly prefer maintaining relationships with multiple providers rather than single-source contracts.

The award reinforces Blink's strategic positioning in the public sector segment, yet the financial impact will likely be modest given the revenue-sharing model with four other vendors. The real value may come from establishing a foothold in Richmond that could lead to expanded opportunities as EV adoption accelerates in the region.

Bowie, Md., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK), a leading global owner, operator and provider of electric vehicle (EV) charging equipment and services, has been awarded a contract by the City of Richmond for a state of the art network of EV charging stations.

This collaboration marks a significant milestone in the City of Richmond’s efforts to expand convenient and reliable EV infrastructure for its residents, fleet operators, and visitors — ensuring long-term sustainability, flexibility, and innovation in alignment with the city’s climate goals.

Blink, along with four other selected vendors, will be responsible for collaboratively helping provide public charging solutions for residents and visitors to the area.

Under the awarded agreement, Blink would work with the City of Richmond to identify and deploy critical EV infrastructure throughout the city. Additionally, the contract includes related services such as site assessment and preparation, installation, maintenance, repair, parts and supplies, warranties, and product training.

“We’re excited to work with the City of Richmond to bring convenient, innovative EV charging solutions,” said Mike Battaglia, Blink’s President and CEO. “As the need for chargers in Richmond continues to grow, we look forward to the opportunity to develop additional sites in the greater Richmond area. It’s rewarding to have a direct role in enhancing the EV driver experience in the region. We are grateful for the city’s trust and our shared vision.”

“As part of the City of Richmond’s commitment to the net zero strategies outlined in the RVAgreen Climate Equity Action Plan 2030, we are excited to have the solutions offered by Blink available to us as we create a thriving and sustainably built environment,” said Dawn Oleksy, Energy Program Manager, City of Richmond.

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.

For more information, please visit https://blinkcharging.com/

Blink Media Contact
Felicitas Massa
PR@BlinkCharging.com

Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com

FAQ

What contract did Blink Charging (BLNK) win with the City of Richmond?

Blink Charging won a contract to develop and implement a network of EV charging stations in Richmond, including services such as site assessment, installation, maintenance, and training.

How many vendors were selected for Richmond's EV charging infrastructure project?

The City of Richmond selected five vendors in total, including Blink Charging, to collaboratively provide public charging solutions.

What services will Blink Charging (BLNK) provide under the Richmond contract?

Blink will provide site assessment, preparation, installation, maintenance, repair, parts and supplies, warranties, and product training for EV charging infrastructure.

How does this contract align with Richmond's climate goals?

The project aligns with Richmond's RVAgreen Climate Equity Action Plan 2030 and its net zero strategies, supporting the city's commitment to creating a sustainable built environment.

Who is the current CEO of Blink Charging (BLNK)?

Mike Battaglia is the President and CEO of Blink Charging.