Blink Charging

Last updated

Blink Charging Co.
Company type Public
Nasdaq:  BLNK
IndustryElectric vehicle charging
Headquarters
Bowie, Maryland
,
United States
Number of locations
106000 publicly accessible chargers [1]  (2024)
Key people
Brendan S. Jones (president & CEO)
RevenueIncrease2.svg US$61,139,000 (2022)
Increase Negative.svgUS$(89,271,000) (2022)
Increase Negative.svgUS$(91,560,000) (2022)
Total assets Increase2.svgUS$362,542,000 (2022)
Total equity Increase2.svgUS$260,957,000 (2022)
Website blinkcharging.com
Footnotes /references
Financials as of December 31,2022.
References: [2]

Blink Charging Co. is an American electric vehicle charging network operator headquartered in Bowie, Maryland. [3] One of the top three EV charging networks in the United States, it has over 90,000 chargers globally in 25 countries. [4]

Contents

History

Blink began as a brand name for the charging infrastructure of the now defunct company, Ecotality. Following Ecotality's bankruptcy the distressed assets were acquired by Michael D. Farkas and his company, Car Charging Group. The company was renamed Blink Charging on Aug 29, 2017. In March 2023, Blink was one of three EV charger suppliers chosen by the U.S. Postal Service as part of its electric vehicle fleet upgrade; Blink will supply up to 41,500 EV chargers. [5] [6]

Acquisitions

In October 2013, the Blink network was acquired from ECOtality [7] [8] after its chapter 11 bankruptcy. [9]

SemaConnect

In June 2022, Blink acquired SemaConnect. [10]

Envoy Technologies

In April 2023, Blink announced its subsidiary Blink Mobility, LLC, purchased electric vehicle sharing platform developer, Envoy Technologies. [11]

References

  1. ↑ https://blinkcharging.com/news/blink-charging-surpasses-100-000-charger-milestone
  2. ↑ "Blink Charging 2022 Annual Report" (PDF). March 14, 2023.
  3. ↑ "Contact Blink Charging". blink. Blink. Retrieved June 9, 2023.
  4. ↑ Threewitt, Cherise (February 1, 2023). "Your Guide to the Blink EV Charging Network". U.S. News & World Report. Retrieved June 9, 2023.
  5. ↑ "Blink Announces USPS Contract; Releases New Mobile EV Charger". InsideEVs. Retrieved July 18, 2023.
  6. ↑ "Blink Charging (BLNK) Receives Contract from U.S. Postal Service". Yahoo Entertainment. March 20, 2023. Retrieved July 18, 2023.
  7. ↑ "CarCharging Completes $3.335 Million Purchase of ECOtality's Blink Assets and the Blink Network". Car Charging Group, Inc. PR Newswire. October 17, 2013. Retrieved June 9, 2023.
  8. ↑ St. John, Jeff (October 11, 2013). "ECOtality Bankruptcy: Blink EV Charging Network Changes Hands but Can't Shake Its Bad Reputation". Green Tech Media. Retrieved June 10, 2023.
  9. ↑ "Ecotality Files for Ch. 11 Bankruptcy Protection". ABC News. Associated Press. September 17, 2013. Archived from the original on September 21, 2013. Retrieved June 9, 2023.
  10. ↑ "Blink Charging Buys SemaConnect to Boost EV Infrastructure". Bloomberg. June 14, 2022. Retrieved June 9, 2023.
  11. ↑ Wrobel, Sharon (April 27, 2023). "Israeli-founded EV sharing startup Envoy bought by Blink Charging in $34m deal". The Times of Israel. Retrieved June 9, 2023.

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