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) announced its first deployment in New Hampshire at Windsor Hill Condominiums, Waterville Valley. This move significantly enhances EV charging accessibility, as these are the only charging stations within a 30-mile radius. The initiative marks Blink's efforts to expand EV infrastructure in underserved areas. The installation of two IQ 200 chargers was facilitated with minimal costs through collaboration with the New Hampshire Electric Co-Op. This represents Blink's commitment to sustainability and growth in New England's EV market.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) has received an initial order for 50 EV charging stations from InterEnergy Group to expand the Evergo network in Panama. This order includes 35 Blink IQ 200 Level 2 AC chargers and 15 DC Fast chargers, aiming for nearly 200 new stations by year-end. The Blink IQ 200 is renowned for its fast charging capabilities, providing up to 65 miles of charge in an hour. InterEnergy plans to increase its Dominican Republic network to 500 stations this year, marking significant growth in the region's EV infrastructure.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has signed a reseller agreement with Ballantyne Strong to provide EV charging solutions to cinema operators and entertainment venues. This partnership aims to boost EV charging accessibility at recreational sites, leveraging Ballantyne's extensive network. Blink operates over 23,000 charging stations globally, and this collaboration aligns with the projected rise in EV sales, expected to reach 10 million by 2025. Blink's CEO highlighted the strategic importance of this partnership for expanding deployment in high-density locations.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has successfully closed an underwritten public offering, selling 5.4 million shares at $41.00 each, raising approximately $221.4 million. Additional share purchases increased gross proceeds by about $10.7 million. The funds will be utilized for EV charging station deployment, acquiring complementary businesses, and general corporate purposes. Barclays led the offering, with other firms assisting. The offering complied with SEC regulations, and detailed prospectus available on the SEC's website.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced that CEO Michael D. Farkas will participate in a fireside chat at the Needham Virtual Growth Conference on January 13, 2021, at 8:30 AM ET. The presentation will be available via webcast for the public. Blink Charging, a leader in electric vehicle (EV) charging, has deployed over 23,000 charging stations globally and anticipates a significant rise in global EV purchases, projected to reach 10 million vehicles by 2025. The company aims to enhance EV adoption through strategic partnerships in various locations.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has announced the pricing of a public offering of 5,400,000 shares at $41.00 per share, aiming for total gross proceeds of approximately $221.4 million. After underwriting discounts, the net proceeds are expected to be about $211.4 million. The offering is set to close around January 12, 2021. Funds will support EV charging station deployment and potential acquisitions to enhance growth. Barclays is the sole book-running manager for the offering, which is registered with the SEC.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced an intention to offer 5,000,000 shares of its common stock in a public offering. Blink plans to utilize the proceeds for EV charging station deployment, acquisition of complementary businesses, and general corporate purposes. The offering is subject to market conditions and may include an additional 15% of shares for the underwriters. Barclays will lead the offering, which is registered under SEC Form S-3. The company operates over 23,000 charging stations globally, catering to the growing demand for electric vehicles.
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Blink Charging Co. (Nasdaq: BLNK, BLNKW) has entered a reseller agreement with Lion Electric, enabling Lion Electric to offer Blink’s EV charging solutions tailored for electric bus fleets and schools. This initiative aims to facilitate the transition to zero-emission vehicles amidst rising demand for electric school buses. Blink's chargers, known for their speed and reliability, will support operational efficiency for these fleets. The collaboration aligns with the growing trend towards electric vehicles, supported by various incentives for schools and fleet operators.
Blink Charging (Nasdaq: BLNK, BLNKW) has signed a seven-year exclusive agreement with Lehigh Valley Health Network (LVHN) to deploy 219 EV chargers across its healthcare facilities in Pennsylvania. This partnership underscores LVHN's commitment to sustainability and clean transportation, enhancing the accessibility of EV charging for staff and visitors. Initial installations will start at Lehigh Valley Hospital, with the remainder set for deployment in 2021. The agreement allows for two additional seven-year extensions, reflecting a long-term strategy to support the growing demand for EV infrastructure.