What’s Happening: Blink Mobility, a subsidiary of Blink Charging, announced the acquisition of Envoy Technologies, a software and mobility service company that provides shared electric vehicles (EVs) for real estate developers and owners. The acquisition, combined with Blink Mobility’s existing EV car-sharing service and a recent $7.5 million award to develop electric car-sharing programs in New Jersey, positions the company as one of the largest all-electric car-sharing providers in the United States.
Why It Matters: The acquisition of Envoy Technologies supports Blink Mobility’s goal of promoting the electrification of the nearly $13 billion projected car-sharing industry in the U.S. As demand for clean, reliable, and accessible transportation continues to grow in various communities, the combined efforts of Blink Mobility and Envoy Technologies will help expand EV car-sharing solutions to meet riders’ needs.
Key Points:
- Envoy Technologies has deployed over 300 electric vehicles at more than 150 multifamily properties and office buildings and installed over 150 EV charging stations since its inception in 2017.
- The acquisition will leverage Envoy’s car-sharing platform and mobile app, which offers a reservation system, BLE-enabled car access, EV telematics and charger management, and supports round trip and one-way bookings.
- Blink Mobility has become the largest 100% EV car-sharing company in California, with its vehicle fleet growing by approximately 70% in 2022 compared to 2021.
Bottom Line: The acquisition of Envoy Technologies will significantly impact the shared mobility space by offering innovative EV car-sharing solutions to a wider audience. Combining Blink Mobility’s experience working with municipalities and community leaders with Envoy’s business practice working with commercial property owners, businesses, and its innovative platform, car-sharing will become more accessible and convenient for riders across the country.
