Blink Charging Co. (BLNK) capped off a remarkable 2023 with record-breaking results, strategic partnerships, and a clear vision for the future of electric vehicle (EV) charging. As the industry surged forward, Blink solidified its position as a leader, paving the way for an even more prosperous 2024.
The year began with a bang: a nationwide partnership with Mitsubishi brought Blink chargers and services to all 323 dealerships, followed by a successful $100 million capital raise. In February, Blink teamed up with Hertz to offer complimentary EV charging during the Super Bowl weekend in Phoenix.
See also: Blink Charging Bolsters Global Dealerships with EV Solutions
March brought a landmark deal with the United States Postal Service (USPS), with Blink supplying up to 41,500 EV charging stations for their fleet. This pivotal partnership advances the nation’s EV infrastructure and underscores Blink’s commitment to sustainable transportation.
Recognizing the potential of shared mobility, Blink acquired Envoy Technologies in April, expanding its reach into the EV car-sharing market. This strategic move positions Blink at the forefront of e-mobility solutions.
In May, EV industry veteran Brendan Jones took the helm as President and CEO, navigating the ever-evolving landscape with expertise and vision. June saw Blink embrace the NACS (North American Charging Standard), solidifying its role as an industry leader adapting to new technologies.
Blink’s commitment to supporting EV drivers on the road continued with a July agreement with AAA to offer Blink’s Mobile Charger to affiliated roadside service providers nationwide. This partnership enhances convenience and accessibility for EV drivers across the country.
August saw Blink expand its global reach with a deal to bring EV charging to five McDonald’s locations in Puerto Rico through a partnership with Arcos Dorados. Further solidifying its global vision, Blink announced in October that its European subsidiary Blue Corner would operate as Blink Charging, streamlining the brand for future expansion.
The year culminated in a record-breaking Q3, surpassing even Q2’s impressive results. These financial achievements demonstrate Blink’s operational excellence and strong positioning for continued growth.
As the EV market continues its explosive growth, Blink Charging is poised to lead the charge. With a strong track record of innovation, strategic partnerships, and a commitment to sustainability, Blink is well-positioned to capitalize on the opportunities ahead and deliver value for shareholders and the environment alike.
