Bonnie Datta, Co-founder and CCO at Zemetric will be join the team as Senior Vice President of Global Commercial Operations. Kapil Singhi, Co-founder and Engineering Head will assume a senior role in global charger development. Bowie, Md., July 14, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) ("Blink" or the "Company"), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced the Company's acquisition of 100% of the equity of Zeme ...

Core Insights - Blink Charging has been identified as a key provider of EV charging solutions for Everon customers, offering cost-effective solutions and immediate upgrades to ensure reliable access to EV charging equipment and services [1][2]. Company Overview - Blink Charging Co. is a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, with a focus on innovative charging solutions to facilitate the transition to electric transportation [5]. - The company's product offerings include Blink's EV charging networks, EV charging equipment, and EV charging services, utilizing proprietary cloud-based software for operation and maintenance [5]. Market Context - The announcement of Everon's withdrawal from the EV charging market has created a need for alternative solutions, positioning Blink as a recommended replacement provider for current Everon customers [2][3]. - Blink aims to support EV charging station hosts and customers affected by the wind-down of EVBox's AC and Everon business in Europe and North America [2]. Customer Support and Services - Blink Charging is committed to assisting Everon customers in navigating the transition, offering expert advice, reliable alternatives, and ongoing management of existing charging networks [3]. - Customers will gain full access to the Blink Network portal through the Blink Charging app, providing real-time insights into charging infrastructure and enabling hosts to set sales prices and generate reports [4]. Technological Advancements - Blink's charging technology is described as future-ready, addressing hardware, software, services, and technology needs, with advancements like vehicle-to-grid technology anticipated [5]. - The company emphasizes that its charging portfolio is prepared for immediate deployment and replacement of existing systems [5].

Core Viewpoint - Blink Charging Co. has entered into a non-binding term sheet with Axxeltrova to establish a £100 million Special Purpose Vehicle (SPV) aimed at accelerating the development of electric vehicle (EV) charging infrastructure in the UK through the Local Electric Vehicle Infrastructure (LEVI) program [1][2][5]. Group 1: Special Purpose Vehicle (SPV) - The SPV will facilitate funding to support the growth of the EV sector's owner-operator model, financing and owning Blink chargers that will be installed, operated, managed, and maintained by Blink [2][3]. - Axxeltrova, with its expertise in sustainable infrastructure financing, will play a crucial role in the establishment of the SPV [2][4]. Group 2: Collaboration and Impact - The collaboration between Blink and Axxeltrova is expected to accelerate the deployment of EV charging infrastructure across the UK, contributing significantly to the needs of EV infrastructure [3][4]. - This initiative aligns with Blink's BlinkFORWARD program, which emphasizes capital efficiency and non-dilutive financing to drive profitability [3]. Group 3: LEVI Program - The LEVI program aims to expand EV charging networks in the UK by supporting local authorities in the installation of public charging stations, bridging the gap between national net-zero goals and practical EV adoption [5]. - The program is designed to make sustainable transport more accessible and convenient for communities across the UK [5]. Group 4: Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, providing innovative solutions to facilitate the transition to electric transportation [7]. - The company operates a proprietary, cloud-based network that manages and tracks EV charging stations and associated data [7].

Core Insights - Blink Charging Co. has promoted Alex Calnan to Managing Director of Europe, effective July 1, 2025, to lead its European operations [1][2] - Calnan previously served as Managing Director of the UK and has over a decade of experience in developing growth strategies for EV charging companies in Europe [2][3] - The company aims to expand its presence in Europe and enhance its EV charging solutions while maintaining a focus on global service standardization [3][4] Company Overview - Blink Charging Co. is a global leader in electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5] - The company's offerings include Blink Networks, EV charging equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [5] - Blink has established strategic partnerships for EV charging adoption across various locations, including parking facilities, residential areas, workplaces, and more [5]

Company Performance - Blink Charging closed at $0.87, reflecting a -5.75% change from the previous day, underperforming the S&P 500's daily loss of 1.13% [1] - Over the past month, Blink Charging's shares increased by 29.49%, outperforming the Computer and Technology sector's gain of 7.36% and the S&P 500's gain of 3.55% [1] Upcoming Earnings - Analysts expect Blink Charging to report earnings of -$0.16 per share, indicating a year-over-year growth of 11.11% [2] - The consensus estimate for revenue is $25.11 million, which represents a decline of 24.5% from the prior-year quarter [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at -$0.57 per share and revenue at $110.23 million, reflecting changes of +6.56% and -12.65% respectively from the previous year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Blink Charging are crucial as they often reflect changes in short-term business dynamics, with positive revisions indicating a favorable outlook on business health and profitability [4] Zacks Rank and Performance - The Zacks Rank system, which evaluates estimate changes, currently ranks Blink Charging at 4 (Sell), with the consensus EPS estimate decreasing by 9.66% over the past month [6] - The Zacks Rank has a strong historical performance, with 1 stocks delivering an average annual return of +25% since 1988 [6] Industry Context - Blink Charging operates within the Electronics - Miscellaneous Services industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 95, placing it in the top 39% of over 250 industries [7]

Core Insights - Envoy Technologies Inc. has launched its electric vehicle car-sharing service at Forma Miami Residences, marking its first collaboration with Crescent Heights and expanding its presence in South Florida [1][5] - Forma Miami now offers residents exclusive access to a Tesla Model 3, enhancing its luxury offerings and elevating its status in the competitive Miami real estate market [2][4] - The partnership aims to provide a cutting-edge amenity that aligns with Crescent Heights' reputation for innovative luxury living experiences [3][4] Company Overview - Envoy operates a vertically integrated car-sharing model that includes vehicle leasing, telematics insurance, and fleet management, delivering a comprehensive mobility solution [5] - The company focuses on providing electric car-sharing services as premium amenities for private properties, supporting urban development goals and reducing parking demand [6] - Envoy's expansion plans include several luxury properties in Miami and continued growth in key cities across the United States [5] Industry Context - The collaboration between Envoy and Crescent Heights reflects a trend in urban living where remote work and flexible lifestyles are reshaping transportation needs, offering a cost-effective, zero-emission alternative to vehicle ownership [4] - Crescent Heights is recognized as a leading developer of high-rise luxury condominiums and rental apartments, known for its innovative approach to residential development [8]

Core Insights - Blink Charging UK has signed a contract with North Hertfordshire Council to establish a comprehensive electric vehicle (EV) charging network in the region, which will include 18 new charging stations [1][2][3] - This initiative will increase the total number of charging stations in Hertfordshire County to just under 1,000, supporting the region's sustainability goals and efforts to reduce carbon emissions [2][3] - The locations for the new charging stations were strategically chosen to ensure accessibility for residents without off-street parking, facilitating the transition to electric vehicles [3] Company Overview - Blink Charging UK is a leader in EV charging technology and services, committed to providing accessible and reliable charging options across the UK [4] - The company operates a proprietary, cloud-based software system that manages and tracks EV charging stations and associated data, enhancing the efficiency of its charging networks [5] - Blink Charging Co. has established strategic partnerships to promote the adoption of EV charging solutions across various locations, including residential, commercial, and public spaces [5]

Core Insights - Envoy Technologies Inc. has expanded its premium vehicle car-sharing service to three properties managed by East West Hospitality in Snowmass, Colorado, enhancing guest transportation options [1][2][4] Company Overview - Envoy is a leading provider of electric car-sharing services, focusing on premium mobility solutions for private properties such as hotels and apartments [6] - The company aims to reduce parking demand and individual car ownership while enhancing the lifestyle of residents and guests [6] Collaboration Details - The partnership with East West Hospitality allows guests at select Snowmass properties to access high-end vehicles, including Tesla Model Ys and the new 2025 Rivian R1S [2][4] - Envoy's mobile app facilitates easy vehicle reservations, improving the overall guest experience [3] Market Position - East West Hospitality manages a $6 billion portfolio of properties, including hotels and luxury residences, and is focused on elevating guest experiences [7] - The collaboration with Envoy aligns with East West Hospitality's commitment to providing luxurious and enriching mountain getaways [4][5]

Core Insights - Blink Charging Co. has appointed Michael Bercovich as the new Chief Financial Officer, effective June 23, 2025, following the departure of previous CFO Michael Rama [1][4]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. Leadership Background - Michael Bercovich has over 20 years of diverse experience in finance leadership roles across various tech companies, having previously served as CFO at multiple organizations and successfully raised over $250 million in capital [2][3]. - Bercovich's career includes significant roles at KPMG and leading financial operations for Xerox and CGI Group, showcasing his ability to navigate complex regulatory environments and drive business growth [3]. Transition and Continuity - Robert Strauss, a senior advisor from FTI Consulting, will serve as Interim CFO until Bercovich officially joins, ensuring operational continuity during the transition [4]. - The previous CFO, Michael Rama, contributed to strengthening Blink's financial foundation and supporting strategic initiatives before pursuing new opportunities [5]. Future Outlook - Bercovich expressed enthusiasm about joining Blink at a pivotal time, aiming to enhance the company's success in introducing new EV charging and energy management solutions, which are expected to positively impact revenue and market presence [5].

Core Insights - Blink Charging Co. has launched a 'Seamless Charging' pilot program in collaboration with WirelessCar and ChargeHub to enhance the EV charging experience in the U.S. and Canada [1][3][5] Company Overview - Blink Charging is a leading provider of electric vehicle charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - WirelessCar specializes in connected vehicle services, leveraging vehicle data to create business value and enhance mobility experiences [7][9] - ChargeHub operates North America's largest network-independent EV charging app and the Passport Hub, a leading EV roaming platform [10] Initiative Details - The 'Seamless Charging' initiative aims to simplify the EV charging process by allowing drivers to use a single app for charging without the need for multiple accounts or apps [3][4] - The program utilizes connected vehicle data to notify drivers when charging begins, enhancing convenience for those without home charging access [4][5] Market Context - The initiative addresses the complexity of existing EV charging infrastructure, which can deter potential users due to the inconvenience compared to traditional fuel refueling [2]