Blink Charging Provides More Than 4,000 Automotive Dealerships Globally with EV Charging Products and Solutions to Support Soaring Consumer Demand for Electric Vehicles
July 20 2023 - 9:07AM
Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a
leading global manufacturer, owner, operator and provider of
electric vehicle (EV) charging equipment and services, today
announced the Company is now engaged with more than 4,000
automotive dealers in the US, Europe, Latin America and Asia
Pacific for purchase, installation and ongoing management of EV
charging equipment and services.
During the first quarter of 2023, Blink
successfully secured more than 600 agreements with dealers
globally, and foresees further growth throughout 2023 as leading
auto manufacturers unveil new models and experience increased
sales. Since 2020, Blink has sold or deployed over 950 DC Fast
Chargers along with more than 7,500 Level 2 (L2) chargers to
address the multiple needs dealers have in keeping vehicles charged
and ready for customers. This surge in dealership commitments
towards EV infrastructure demonstrates the heightened demand and
widespread adoption of EVs.
Blink’s hardware solutions and network services
have earned trust across the automotive industry from OEM port and
manufacturing facilities to public-facing EV infrastructure at
dealership locations. A critical component of supporting dealers
with EVs is centered around back-of-house charging to ensure new
and used vehicles are prepped for sale and ready to drive off the
lot.
“Dealers are the driving force behind the
electrification of the auto industry and play a pivotal and dynamic
role in driving forward the progress and acceptance of EV
technology,” said Mike Battaglia, Chief Revenue Officer for Blink
Charging. “At Blink, we are dedicated to assisting dealers
throughout the entire process of introducing EV charging into their
businesses. From the initial stages of project inception to charger
commissioning, and ongoing technical and customer support, Blink is
trusted by OEMS and dealers as a reliable and valuable resource as
they increasingly embrace electrification.”
Blink has achieved remarkable success in the
dealership sector on a global scale. To date, the Company has
secured more than 100 agreements in the LATAM region alone.
Additionally, Blink's subsidiary in Belgium, Blue Corner, has
established a comprehensive nationwide agreement with Toyota
Belgium. Moreover, in 2021, the Van Mossel Group, managing a
network of 50 dealerships throughout Belgium, signed a three-year
agreement with Blue Corner. Further, the Company has also secured
agreements with a major Asian electric vehicle OEM in both the
LATAM region and Belgium, further solidifying its position as a
leading player in the industry.
Blink adopts a comprehensive approach that
involves working closely with each dealership. This process
includes a thorough assessment of each proposed dealer site’s
electrical requirements, preparing the site for the appropriate EV
charging scope, including public-facing chargers, as well as
providing dedicated service and maintenance support. Concurrently,
Blink collaborate with each dealership to review the various
hardware and software product offerings, business models, and costs
ensuring we select the most appropriate and tailored charging
solution for their unique needs. Blink is committed to generating
enthusiasm among dealerships for the imminent EV future.
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About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global
leader in electric vehicle (EV) charging equipment, has contracted,
sold, or deployed nearly 73,000 charging ports worldwide, many of
which are networked EV charging stations, enabling EV drivers to
easily charge at any of Blink’s charging locations. Blink’s
principal line of products and services includes the Blink EV
charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including SemaConnect, Blue Corner, BlueLA and Envoy.
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. With global EV
purchases forecasted to half of passenger cars sold in the US by
2030, 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://www.blinkcharging.com/.
Forward-Looking Statements
This press release contains forward-looking
statements as defined within Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
other comparable terms, involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging and
members of its management, as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, including those
described in Blink Charging’s periodic reports filed with the SEC,
and that actual results may differ materially from those
contemplated by such forward-looking statements. Except as required
by federal securities law, Blink Charging undertakes no obligation
to update or revise forward-looking statements to reflect changed
conditions.
Blink Media ContactJon
MyersPR@BlinkCharging.com305-521-0200 ext. 266
Blink Investor Relations
ContactVitalie SteleaIR@BlinkCharging.com305-521-0200 ext.
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