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) is an owner, operator, and provider of electric vehicle (EV) charging equipment and services, and it regularly issues news updates that reflect its activity across hardware, software, partnerships, and capital markets. The company’s press releases highlight developments in its EV charging networks, new product launches, strategic contracts, and financial performance.
Readers following BLNK news can expect coverage of agreements with property owners, housing providers, and public sector entities to deploy Level 2 and DC fast charging stations. Recent announcements include collaborations with multifamily residential complexes, social housing organizations, and local councils in the United Kingdom, where Blink Charging UK Ltd. is delivering public charging infrastructure under government-supported programs.
Blink’s news flow also features product and technology updates, such as the launch of its Shasta line of Level 2 chargers for multifamily and fleet markets and the introduction of cryptocurrency payment options using USD Coin (USDC) on networks like Ethereum, Arbitrum, Polygon, and Base at select Blink-owned DC fast charging sites. These updates illustrate how the company combines hardware and network software to address evolving customer requirements and payment preferences.
In addition, Blink regularly reports its quarterly financial results, providing detail on product revenues, service revenues, and other revenues, as well as gross margins and operating expenses. Capital raising activities, including public offerings of common stock and related agreements with placement agents, are also disclosed through press releases and associated SEC filings. For investors and observers, the BLNK news page offers a centralized view of the company’s operational initiatives, partnerships, product evolution, and financing actions over time.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has announced the deployment of ten IQ 200 Level 2 EV charging stations at three AtlantiCare Integrated Healthcare System locations in Southern New Jersey. This initiative marks AtlantiCare's first collaboration with Blink and follows a five-year agreement with two potential five-year extensions. The new stations are part of Blink's expanding network, bringing the total to 81 stations across 26 sites in New Jersey. The IQ 200 chargers are recognized for their high efficiency, with a maximum output of 80 amps.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced its inclusion in the Russell 2000 Index, effective June 28, 2021, following the annual reconstitution. This membership reflects the company's growth and positions Blink for increased visibility among investors. The Russell indexes are widely used benchmarks for investment managers, with around $10.6 trillion in assets tied to them. The addition to the index is expected to enhance Blink Charging's market presence and attract more institutional investments.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) will present at the Bank of America Electric Vehicles Charging Summit 2021 on June 7 at 10:45 a.m. ET. CEO Michael D. Farkas and CFO Michael Rama will also participate in virtual one-on-one meetings throughout the day. Blink is a leader in EV charging solutions with over 23,000 deployed charging stations globally. The company aims to support the increasing EV market, projected to reach 10 million vehicles by 2025, through key partnerships across various sectors.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) reported significant growth in Q1 2021, with a 72% revenue increase to $2.2 million compared to Q1 2020. The number of Blink-owned charging stations contracted or deployed surged by over 370%. A total of 1,597 EV charging stations were deployed this quarter. Despite a net loss of $7.4 million, the company raised $232 million to fund EV infrastructure expansion. Notably, Blink acquired European operator Blue Corner N.V., enhancing its presence in the European market.
Blink Charging Co. (Nasdaq: BLNK) has acquired European EV charging operator Blue Corner N.V. for €20 million (approx. $24 million). This acquisition, which includes 7,071 charging ports, enhances Blink's strategic international expansion in key European markets such as Belgium, Luxembourg, the Netherlands, and France. The move aligns with the growing European EV market, where sales surged by 137% last year. Blink plans to leverage Blue Corner's established network and introduce Blink Holdings B.V. in Amsterdam to facilitate growth. This positions Blink favorably within the rapidly expanding European EV landscape.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has acquired Belgian EV charging operator Blue Corner N.V. for €20 million (about $24 million). This acquisition adds 7,071 charging ports across Belgium, Luxembourg, the Netherlands, and France, enhancing Blink's European presence. Blink aims to leverage the rapidly growing European EV market, where sales surged 137% last year. A new subsidiary, Blink Holdings B.V., will facilitate expansion in Europe, ensuring continuity of Blue Corner's operations post-acquisition.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has signed a long-term contract with Fattal Hotel Group to deploy EV charging stations at 26 locations in Israel. This partnership aims to meet the increasing demand for public EV charging infrastructure, with a report estimating over 25,000 charging points needed by 2025 in the country. The seven-year agreement promotes Blink's strategic international expansion and positions it to serve the growing number of EV users among hotel guests and tourists.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its Q1 2021 financial results on May 13, 2021, after market close. A conference call and webcast will be held that same day at 4:30 PM ET to discuss the results. Investors can access the live webcast on the Blink Charging website and via a direct link.
To join by phone, dial (877) 876-9174 or (785) 424-1669 for international callers. A replay will be available until June 13, 2021, via specified phone numbers. Blink has deployed over 23,000 EV charging stations and anticipates significant growth in EV purchases by 2025.
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.
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