Blink Charging Introduces Shasta: Advanced Level 2 EV Chargers Tailored for Fleet and Multifamily Sectors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
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Should l Buy BLNK?
Source: Newsfilter
Launch of Shasta Chargers: Blink Charging Co. has introduced the Shasta line of Level 2 EV chargers, specifically designed for multifamily and fleet applications, featuring cost-effective and scalable solutions.
Product Features: The Shasta 48 and Shasta 80 models offer single-port charging with power outputs of up to 11.5kW and 19.2kW, respectively, and include environmental sensors, tamper alerts, and remote management capabilities.
Integration and Deployment: These chargers are designed to integrate seamlessly into Blink's existing charging ecosystem, allowing operators to manage usage and monitor performance effectively.
Market Focus: The launch reflects Blink's commitment to expanding its product offerings to meet the specific needs of customers in the EV landscape, with shipments expected to begin in late November.
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About BLNK
Blink Charging Co., through its wholly owned subsidiaries, is a manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and networked EV charging services. It offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services is its nationwide Blink EV charging networks (the Blink Networks) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE), and other EV-related services. The Blink Networks is a proprietary, cloud-based system that operates, maintains and manages Blink charging stations and handles the associated charging data, back-end operations and payment processing. The Blink Networks provide property owners, managers, parking companies, state and municipal entities, and other types of commercial customers with cloud-based services that enable the remote monitoring and management of EV charging stations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Decline in EV Sales: Despite increased inquiries, Cox forecasts a 28% drop in U.S. EV sales for the first quarter, down to 212,600 units, reflecting limited market acceptance of electric vehicles amidst shifting consumer preferences.
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- Surge in EV Interest: Since the onset of the Iran war, inquiries for new electric vehicles in the U.S. have surged by 28%, while used EV inquiries rose by 15%, indicating a significant consumer shift towards EVs, even as traditional automakers pivot back to internal combustion engines.
- Fuel Prices Impact Buying Behavior: Elevated gas prices have made electric vehicles more appealing for long-distance drivers; however, Cox Automotive anticipates that consumer buying habits will require over six months of sustained high gas prices to change significantly, highlighting the slow pace of market transition.
- Decline in EV Sales: Despite increased inquiries, Cox forecasts a 28% drop in U.S. EV sales for the first quarter, down to 212,600 units, reflecting limited market acceptance of electric vehicles amidst shifting consumer preferences.
- Global Market Transformation: The energy shock from the Iran war is expected to accelerate EV adoption in Europe and Asia, particularly in countries like Vietnam, Thailand, and Indonesia, where consumers are increasingly inclined to choose affordable models from Chinese manufacturers.
See More
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- Restructuring and Growth Transition: Blink Charging completed its restructuring in Q4 2025, reducing global headcount from nearly 600 to fewer than 300 employees, marking a shift from restructuring to growth preparation, which is expected to enhance operational efficiency and market competitiveness.
- Significant Service Revenue Growth: In Q4, service revenues reached $14.7 million, a 62% year-over-year increase, accounting for 54% of total revenue, indicating a successful transition to a higher-margin service-oriented business that enhances future profitability.
- Strong Financial Performance: Although total revenue was $27 million, slightly down from $28 million in the prior year, the adjusted gross margin improved to 37.8%, significantly above 34.5% reported in Q3, demonstrating effective cost control and product mix optimization.
- Positive 2026 Outlook: Management anticipates total revenue in the range of $105 million to $150 million for 2026, with a gross margin target of 34%-35%, emphasizing continued focus on sustainable profitability and disciplined capital allocation to maintain competitiveness in the rapidly growing EV charging market.
See More
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- Revenue Outlook: The company expects full-year 2026 revenue to range between $105 million and $115 million, with gross margins around 35%, suggesting management's confidence in future growth despite current challenges, aiming for profitability through operational optimization.
- Adjusted EBITDA Expectations: Management anticipates significantly reduced adjusted EBITDA losses compared to prior periods, which may attract investor attention to the company's financial health and lay the groundwork for future profitability.
- Stock Price Reaction: Blink Charging shares fell 2.85% in after-hours trading, reflecting market disappointment over the revenue miss, indicating that despite the earnings beat, investor concerns about future growth remain prevalent.
See More
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- Earnings Forecast Analysis: The consensus EPS estimate stands at -$0.13, reflecting a 13.3% year-over-year improvement, indicating the company's efforts to enhance profitability.
- Revenue Expectations: The consensus revenue estimate is $28.43 million, representing a 5.8% year-over-year decline, which raises concerns about the company's sales growth and may impact investor confidence.
- Historical Performance Review: Over the past two years, Blink Charging has only beaten EPS and revenue estimates 38% of the time, highlighting significant volatility in its performance and necessitating cautious evaluation of its financial stability.
See More
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- Charging Network Expansion: Blink Charging Co. plans to deploy over 200 chargers across 90 Korian locations in Belgium, establishing one of the largest EV charging networks in the elderly care sector, with most installations expected by the end of 2026, significantly enhancing sustainability in elder care services.
- No Upfront Cost Model: By opting for Blink's fully financed investment model, Korian enables rapid expansion of charging infrastructure without upfront costs, simultaneously creating an additional recurring income stream for its sites, thereby enhancing financial stability.
- Enhanced User Experience: The new charging infrastructure will provide convenient and reliable charging services for Korian employees, residents, and the public, with Blink's smart charging technology and 24/7 customer support ensuring a high-quality charging experience at every location, further promoting EV adoption.
- Corporate Social Responsibility Strategy: Korian CEO Dominiek Beelen stated that partnering with Blink not only strengthens their corporate social responsibility strategy but also enhances convenience for families and employees, underscoring the company's commitment to sustainability and social responsibility.
See More
Blink Charging Partners with Korian Belgium to Expand EV Charging Network
- Charging Network Expansion: Blink Charging has partnered with Korian Belgium to deploy over 200 chargers across 90 locations, establishing one of the largest EV charging networks in Belgium's elderly care sector.
- Innovative Financing Model: The project utilizes Blink's fully financed model, allowing Korian to expand EV infrastructure without upfront costs while generating recurring revenue from the charging stations, thereby mitigating financial risks.
- Phased Implementation Plan: Three charging stations are already operational, with a broader rollout expected to continue in phases through 2026, enhancing Korian's market position in the EV charging sector.
- Future Outlook: Blink Charging plans a similar deployment at Korian locations in the Netherlands, demonstrating its intent to expand in the European market while providing convenient charging services for employees, residents, and visitors.
See More
