Blink Charging Explained

Blink Charging Co.
Type:Public
Traded As:NASDAQ:
Industry:Electric vehicle charging
Hq Location City:Bowie, Maryland
Hq Location Country:United States
Num Locations:90,167 publicly accessible chargers
Num Locations Year:2024
Key People:Brendan S. Jones (president & CEO)
Revenue Year:2022
Income Year:2022
Net Income Year:2022
Assets Year:2022
Equity Year:2022
Footnotes:Financials .
References:[1]

Blink Charging Co. is an American electric vehicle charging network operator headquartered in Bowie, Maryland.[2] Top three EV charging network in the United States, it has over 90,000 chargers globally in 25 countries.[3]

History

Blink was incorporated October 3, 2006, as New Image Concepts, Inc. (a shell company) to provide consulting services around personal appearance and entertainment. On November 20, 2009, it changed its name to Car Charging Group, Inc. in a merger with Car Charging, Inc. before settling on Blink after acquisition of the titular asset in 2013.[4] [5] 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.[6] [7]

Acquisitions

Blink Network

In October 2013, the Blink network was acquired from ECOtality[8] [9] after its chapter 11 bankruptcy.[10]

SemaConnect

In June 2022, Blink acquired SemaConnect.[11]

Envoy Technologies

In April 2023, Blink announced its subsidiary Blink Mobility, LLC, purchased electric vehicle sharing platform developer, Envoy Technologies.[12]

Notes and References

  1. Web site: March 14, 2023 . Blink Charging 2022 Annual Report .
  2. Web site: Contact Blink Charging . June 9, 2023 . blink . Blink.
  3. News: Threewitt . Cherise . February 1, 2023 . Your Guide to the Blink EV Charging Network . U.S. News & World Report . June 9, 2023.
  4. Web site: Chediak . Mark . Traywick . Catherine . February 8, 2021 . EV company with almost no revenue posts 3,000% gain in 8 months . June 9, 2023 . The Detroit News . Bloomberg.
  5. Web site: Untitled . June 9, 2023 . U.S. Securities and Exchange Commission.
  6. Web site: Blink Announces USPS Contract; Releases New Mobile EV Charger . 2023-07-18 . InsideEVs . en.
  7. Web site: 2023-03-20 . Blink Charging (BLNK) Receives Contract from U.S. Postal Service . 2023-07-18 . Yahoo Entertainment . en-US.
  8. News: October 17, 2013 . CarCharging Completes $3.335 Million Purchase of ECOtality's Blink Assets and the Blink Network . Car Charging Group, Inc. . PR Newswire . June 9, 2023.
  9. News: St. John . Jeff . October 11, 2013 . ECOtality Bankruptcy: Blink EV Charging Network Changes Hands but Can’t Shake Its Bad Reputation . Green Tech Media . June 10, 2023.
  10. News: September 17, 2013 . Ecotality Files for Ch. 11 Bankruptcy Protection . ABC News . Associated Press . June 9, 2023 . https://web.archive.org/web/20130921040009/https://abcnews.go.com/Technology/wireStory/ecotality-filed-bankruptcy-protection-20284446 . September 21, 2013.
  11. News: June 14, 2022 . Blink Charging Buys SemaConnect to Boost EV Infrastructure . Bloomberg . June 9, 2023.
  12. News: Wrobel . Sharon . April 27, 2023 . Israeli-founded EV sharing startup Envoy bought by Blink Charging in $34m deal . The Times of Israel . June 9, 2023.

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