Nayax and Lynkwell Strategically Partner to Make EV Charging More Accessible, Profitable, and Scalable
- Strategic partnership with third-largest public charging network in Northeast US
- Lynkwell achieved triple-digit growth in 2024 and Q1 2025
- Lynkwell's XLynk product offers unique lifetime warranty
- Partnership expands Nayax's presence in growing EV charging market
- None.
Insights
Nayax's partnership with Lynkwell creates meaningful revenue potential by embedding its payment tech in thousands of EV chargers across North America.
Nayax has secured a strategic position in the rapidly growing EV charging market through its new partnership with Lynkwell, the operator of the third-largest public charging network in the Northeast and eighth-largest in the US. This deal designates Nayax as Lynkwell's preferred payment provider across thousands of charging stations in the US and Canada.
The partnership has significant growth potential given Lynkwell's triple-digit growth in both 2024 and Q1 2025. Lynkwell's expanding footprint creates a substantial new payment processing channel for Nayax, potentially generating recurring transaction revenue from every charging session across Lynkwell's network.
This aligns perfectly with Nayax's core business model of providing payment solutions that scale with merchant growth. The EV charging market represents an ideal vertical for Nayax's technology - high transaction volume, recurring usage patterns, and consumers who value payment convenience and reliability.
The partnership is particularly well-positioned within the regulatory landscape as Lynkwell offers Buy America compliant chargers with US-based manufacturing facilities, making them eligible for federal infrastructure funding. This compliance likely gives both companies advantages in capturing market share as the US government continues investing heavily in EV infrastructure.
For Nayax shareholders, this represents meaningful diversification into the growing EV infrastructure sector, creating a new revenue stream beyond traditional retail and vending applications while leveraging their existing payment technology competencies.
Lynkwell Names Nayax its Preferred Payment Provider with Network of Thousands of EV Chargers Across North America
HERZLIYA, Israel, June 04, 2025 (GLOBE NEWSWIRE) -- Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement and payments platform designed to help merchants scale their business by simplifying payments and maximizing loyalty, today announced a strategic partnership to provide comprehensive payment solutions for Lynkwell, a leading energy infrastructure provider managing thousands of DCFC and Level 2 electric vehicle (EV) charging ports across the United States and Canada.
Lynkwell’s ViaLynk™ network is the third-largest public charging network in the Northeast and the eighth-largest in the United States. Together, Nayax and Lynkwell will address North America’s urgent need for reliable and accessible EV charging by combining Lynkwell’s advanced, Buy America compliant EV chargers, cloud-based comprehensive management software, and suite of complementary services with Nayax’s flexible payments platform to offer a fully integrated charging solution for drivers and operators.
Lynkwell saw triple digit growth in 2024 and again in Q1 of 2025, installing thousands of EV chargers, including its flagship product, XLynk™. Backed by an all U.S. hardware, software, support, and service team, XLynk™ is the first and only commercial EV charger that offers a lifetime warranty. As one of the few companies with a United States manufacturing facility for EV charging stations, Lynkwell is well-positioned to continue to scale across the country.
“We are excited that Lynkwell has chosen to strategically partner with us for its payment technology to provide North American drivers and operators with an advanced network that is built in the US,” said Aaron Greenberg, Chief Strategy Officer of Nayax. “Our embedded payment technology inside their new AC chargers will keep every charge session fast, secure, and universally accessible, helping Lynkwell attract more drivers and scale its impact on the EV transition.”
“Lynkwell is scaling at a record pace, and payments have to scale with us,” said Jason Zarillo, President of Lynkwell. “Partnering with Nayax allows us to give site operators a best-in-class payment solution that strengthens their business while making charging more convenient for drivers.”
About Nayax
Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of March 31, 2025, Nayax has 11 global offices, approximately 1,100 employees, connections to more than 80 merchant acquirers and payment method integrations and globally recognized as a payment facilitator. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency. For more information, please visit www.nayax.com.
About Lynkwell
Lynkwell is a leading energy infrastructure development company focused on connecting renewable generation, battery storage, utilities, and microgrids with next-generation fueling technologies via its Lynkwell XChange™ platform. Ranked as one of the fastest-growing private companies in the United States for the last three years, Lynkwell’s leadership is bolstered by its top 10 nationwide cloud-based EV charging software platform which hosts dozens of EV charging networks and manages 10,000 assets. With a curated catalog of more than 500 products from leading global OEMs plus its own XLynk™ charger, Lynkwell’s unique combination of full deployment solutions and energy integrations gives all clean energy stakeholders the power to thrive. Since 2016, the company has been instrumental in establishing private and public charging solutions and supporting infrastructure to empower America’s growing clean energy revolution.
For more information or to contact Lynkwell, please visit lynkwell.com.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. Forward-looking statements include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: our expectations regarding general market conditions, including as a result of the COVID-19 pandemic and other global economic trends; changes in consumer tastes and preferences; fluctuations in inflation, interest rate and exchange rates in the global economic environment; the availability of qualified personnel and the ability to retain such personnel; changes in commodity costs, labor, distribution and other operating costs; our ability to implement our growth strategy; changes in government regulation and tax matters; other factors that may affect our financial condition, liquidity and results of operations; general economic, political, demographic and business conditions in Israel, including the ongoing war in Israel that began on October 7, 2023 and global perspectives regarding that conflict; the success of operating initiatives, including advertising and promotional efforts and new product and concept development by us and our competitors; and other risk factors discussed under “Risk Factors” in our annual report on Form 20-F filed with the SEC on March 4, 2025 (our “Annual Report”). The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. The forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These statements are only estimates based upon our current expectations and projections about future events. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. In particular, you should consider the risks provided under “Risk Factors” in our Annual Report. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Each forward-looking statement speaks only as of the date of the particular statement. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
Public Relations Contact:
Scott Gamm
Strategy Voice Associates
Scott@strategyvoiceassociates.com
Investor Relations Contact:
Aaron Greenberg
Chief Strategy Officer
IR@nayax.com
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