Blink Charging Grows International Footprint Through Strategic Expansion
April 14 2022 - 9:15AM
Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the
“Company”), a leading owner, operator, and provider of electric
vehicle (EV) charging equipment and services, today announced
further international expansion through a variety of hardware and
software upgrades and newly signed distribution agreements. Blink
and its subsidiaries currently have equipment deployed or provide
EV charging services in 18 countries.
The Company has recently completed an
international upgrade of the Blink Network, making the proprietary
software available in 17 countries and US territories with local
currency support and four languages. It expects to add another five
countries to the Blink Network in the coming weeks. In addition,
the Blue Corner Network, Blink’s wholly owned subsidiary’s network,
is offered in four other European countries.
The software enhancements include onboarding all
hardware and EV driver members from the Greek joint venture, Blink
Charging Hellas, onto the Blink Network. The addition of 210 EV
chargers in Greece to the Blink Network will provide a more
streamlined EV driver experience.
Due to increased interest in EV charging
infrastructure in Mexico, Chile, El Salvador, Guatemala, Uruguay,
Costa Rica, Panama, Colombia, and Brazil, a variety of reseller and
distribution agreements have been signed for Blink expansion in
Latin America. These agreements allow Blink to quickly expand its
footprint with local partners to provide Blink hardware and
software across the region. Indeed, recently, the Company has
deployed or sold Blink charging stations in Mexico, Chile,
Colombia, Guatemala, El Salvador, Panama, Jamaica, and Aruba.
As the Company expands internationally, it has
also grown its international operations and support teams opening
Blink entities in El Salvador, Chile, and Mexico. So far, Blink has
hired 54 employees in territories outside the US to support its
global expansion.
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ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 30,000 charging ports across 18 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of the Company’s charging locations worldwide.
Blink’s principal line of products and services include the Blink
EV charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including Blue Corner and BlueLA. 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 rise to 10 million vehicles by 2025 from approximately 2 million
in 2019, the Company 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, along with
terms such as “anticipate,” “expect,” “intend,” “may,” “will,”
“should,” and 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
Contact PR@BlinkCharging.com
Blink Investor Relations
Contact IR@BlinkCharging.com855-313-8187
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