Blink Charging Co Stock Price, News & Analysis

Blink Charging UK has been named the preferred bidder for a 15-year contract worth over £500,000 with Brighton & Hove City Council (BHCC) to install a minimum of 350 EV chargers. The contract, supported by the Local Electric Vehicle Infrastructure Fund (LEVI), will complement Blink's existing network of over 400 chargers in the region.

This marks one of the first contracts awarded through LEVI, a government initiative designed to support local authorities in expanding EV charging networks across the UK. The project aims to bridge the gap between national net-zero goals and practical EV adoption by making sustainable transport more accessible.

Blink has maintained a five-year partnership with Brighton & Hove, and will participate in this year's Charge & Drive EV Experience Day in early April. The company continues to expand its presence through collaborations with local authorities, businesses, and property developers nationwide.

Envoy Technologies, a Blink Charging Co. (BLNK) entity, has launched its electric vehicle car-sharing service at The Modern Seattle, a 216-unit luxury high-rise managed by Sentral. The service provides residents exclusive access to a Lucid Air Touring through Envoy's mobile app.

Located at 255 Lenora St in downtown Seattle, this collaboration enhances The Modern Seattle's luxury amenities package. Envoy's presence in Seattle includes other locations such as The M student housing complex, with additional sites in Shoreline and Bellingham.

The partnership aims to elevate property value proposition and resident satisfaction in Seattle's competitive real estate market. The service launch at The Modern Seattle represents a potential stepping stone for future collaborations between Envoy and Sentral across their US metropolitan portfolio.

Blink Charging (NASDAQ: BLNK), a leading global EV charging equipment and services provider, has scheduled its Q4 and Year End 2024 earnings announcement for March 13, 2025, after market close.

The company will host a conference call and webcast at 4:30 PM Eastern Time to discuss results for the quarter and full year ended December 31, 2024. Investors can join via phone by dialing (888) 506-0062 (US) or (973) 528-0011 (International) using access code 575904.

A replay will be available until April 12, 2025, accessible by dialing (877) 481-4010 (US) or (919) 882-2331 (International) with conference ID 52059. The webcast can be accessed through Blink's website investor relations section or directly via www.webcaster4.com/Webcast/Page/2468/52059.

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.