Blink Charging Secures Contract to Build EV Charging Infrastructure in Richmond
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2025
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Should l Buy BLNK?
Source: Newsfilter
Contract Awarded: Blink Charging Co. has been awarded a contract by the City of Richmond to develop a network of electric vehicle (EV) charging stations, enhancing the city's EV infrastructure for residents and visitors.
Collaboration and Services: Blink will collaborate with the city and other vendors to provide public charging solutions, including site assessment, installation, maintenance, and training, aligning with Richmond's climate goals.
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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.
Blink Partners with BetterFleet for EV Fleet Solutions
- Strategic Collaboration: Blink Charging has announced a strategic partnership with BetterFleet to deliver comprehensive EV fleet charging management solutions powered by AI-driven optimization technology, enhancing operational efficiency and reducing costs for organizations nationwide.
- Digital Twin Technology: BetterFleet's platform creates digital twins of fleet operators' vehicles, energy infrastructure, and routes, allowing customers to optimize hard asset selection and reduce grid interconnection requirements, thereby improving asset utilization.
- Enhanced Customer Support: This collaboration not only strengthens Blink's EV integration services but also provides end-to-end support for corporate clients, ensuring efficient deployment and management of electric vehicles from procurement through post-installation.
- Market Positioning: By partnering with BetterFleet, Blink Charging further solidifies its leadership in the EV charging equipment and services market, enabling public and private fleets to transition to electrification at scale, meeting future demands.
See More
Global EV Charging Station Market Expected to Reach $55.78 Billion by 2026
- Market Growth Potential: The global electric vehicle charging station market is projected to reach $55.78 billion by 2026, up 21% from $46.13 billion in 2025, and expected to hit $143.76 billion by 2031, reflecting strong market demand and investment appeal.
- Policy Drivers: Government-backed zero-emission mandates and internal combustion engine bans are accelerating the construction of charging infrastructure, particularly in the EU and California, ensuring stable demand for charging infrastructure, thereby lowering investment risks and fostering market growth.
- Technological Advances and Cost Reductions: The decline in lithium-ion battery prices has made electric vehicles economically competitive with traditional gasoline cars in various segments, further driving demand for charging infrastructure, while technological innovations enhance charging efficiency, especially for commercial fleets requiring frequent charges.
- Intensifying Market Competition: As major energy companies like Shell restructure to focus on high-power chargers, market competition intensifies, particularly against the backdrop of the Asia-Pacific region holding a 60.1% market share, while Europe and North America are rapidly advancing, promoting the expansion of cross-border charging networks.
See More
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- Earnings Beat: Applied Digital Corp. reported zero cents per share in Q2 earnings, surpassing analyst expectations of a 10-cent loss, indicating a significant improvement in the company's profitability.
- Significant Revenue Growth: The quarterly revenue reached $126.59 million, exceeding the market estimate of $89.76 million, reflecting strong performance in market demand and product sales.
- Positive Market Reaction: Following the earnings report, market confidence in Applied Digital has strengthened, which is expected to drive its stock price higher and further solidify its market position in digital technology.
- Optimistic Future Outlook: The company continues to optimize operational efficiency and product offerings, which is anticipated to enhance revenue and profitability in future quarters, boosting investor confidence in its long-term growth potential.
See More
Blink Charging Launches Cryptocurrency Payments, Enhancing User Convenience
- Payment Innovation: Blink Charging has launched cryptocurrency payments at select U.S. fast-charging sites, enabling EV drivers to use USD Coin (USDC) for charging, which enhances user experience and convenience by providing more payment options.
- Market Expansion Plans: The feature is currently live at two fast-charging locations in Florida, with plans to expand to additional Blink-owned sites by 2026, thereby strengthening the company's competitive position in the EV charging market.
- Increased User Acceptance: A survey indicated that about 50% of adults would consider using stablecoins for daily purchases, with acceptance rising to 71% among Gen Z respondents, highlighting the potential market demand for cryptocurrency payments.
- Positive Stock Reaction: Blink Charging's stock rose 3.61% to $0.83 during premarket trading on Wednesday, reflecting the market's positive response to the company's innovative initiatives.
See More
Blink Charging Shares Decline Amid Concerns Over New Share Offering and Potential Dilution
Equity Offering Announcement: Blink Charging Co. announced a new equity offering of 26,666,666 common shares priced at 75 cents each, aiming to raise approximately $20 million for expanding its DC Fast Charging network and supporting general corporate needs.
Stock Performance: Following the announcement, Blink Charging's stock fell 5.68% to $0.89 in premarket trading, reflecting a significant decline of over 43% in the past year.
Recent Initiatives: The company has partnered with Karbon Homes in the U.K. and launched a new line of affordable Level 2 chargers, including the Shasta 48 and Shasta 80 models, aimed at multifamily and fleet applications.
Future Plans: The transaction from the equity offering is expected to be completed around December 12, 2025, pending usual closing conditions.
See More
Blink Charging Prices Public Offering of 26.67M Shares at $0.75, Expected to Raise $20M
- Public Offering Pricing: Blink Charging announced the pricing of 26,666,666 shares at $0.75 each, expected to raise approximately $20 million, which will be primarily used to expand its DC Fast Charging network, enhancing its competitive position in the market.
- Capital Expenditure Plans: The proceeds from this offering will mainly fund capital expenditures aimed at expanding EV charging infrastructure to meet the growing demand in the electric vehicle market, thereby boosting the company's long-term growth potential.
- Underwriter Collaboration: H.C. Wainwright & Co. and Roth Capital Partners are acting as exclusive co-placement agents for the offering, ensuring professionalism and efficiency in the fundraising process, which further enhances investor confidence.
- Registration Statement Effective: The registration statement for this public offering was declared effective by the SEC on December 10, 2025, marking the company's compliance and transparency in the capital markets, thereby improving its market image.
See More
Blink Partners with BetterFleet for EV Fleet Solutions
- Strategic Collaboration: Blink Charging has announced a strategic partnership with BetterFleet to deliver comprehensive EV fleet charging management solutions powered by AI-driven optimization technology, enhancing operational efficiency and reducing costs for organizations nationwide.
- Digital Twin Technology: BetterFleet's platform creates digital twins of fleet operators' vehicles, energy infrastructure, and routes, allowing customers to optimize hard asset selection and reduce grid interconnection requirements, thereby improving asset utilization.
- Enhanced Customer Support: This collaboration not only strengthens Blink's EV integration services but also provides end-to-end support for corporate clients, ensuring efficient deployment and management of electric vehicles from procurement through post-installation.
- Market Positioning: By partnering with BetterFleet, Blink Charging further solidifies its leadership in the EV charging equipment and services market, enabling public and private fleets to transition to electrification at scale, meeting future demands.
See More
Global EV Charging Station Market Expected to Reach $55.78 Billion by 2026
- Market Growth Potential: The global electric vehicle charging station market is projected to reach $55.78 billion by 2026, up 21% from $46.13 billion in 2025, and expected to hit $143.76 billion by 2031, reflecting strong market demand and investment appeal.
- Policy Drivers: Government-backed zero-emission mandates and internal combustion engine bans are accelerating the construction of charging infrastructure, particularly in the EU and California, ensuring stable demand for charging infrastructure, thereby lowering investment risks and fostering market growth.
- Technological Advances and Cost Reductions: The decline in lithium-ion battery prices has made electric vehicles economically competitive with traditional gasoline cars in various segments, further driving demand for charging infrastructure, while technological innovations enhance charging efficiency, especially for commercial fleets requiring frequent charges.
- Intensifying Market Competition: As major energy companies like Shell restructure to focus on high-power chargers, market competition intensifies, particularly against the backdrop of the Asia-Pacific region holding a 60.1% market share, while Europe and North America are rapidly advancing, promoting the expansion of cross-border charging networks.
See More
Applied Digital Reports Q2 Earnings of $126.59M, Beating Estimates
- Earnings Beat: Applied Digital Corp. reported zero cents per share in Q2 earnings, surpassing analyst expectations of a 10-cent loss, indicating a significant improvement in the company's profitability.
- Significant Revenue Growth: The quarterly revenue reached $126.59 million, exceeding the market estimate of $89.76 million, reflecting strong performance in market demand and product sales.
- Positive Market Reaction: Following the earnings report, market confidence in Applied Digital has strengthened, which is expected to drive its stock price higher and further solidify its market position in digital technology.
- Optimistic Future Outlook: The company continues to optimize operational efficiency and product offerings, which is anticipated to enhance revenue and profitability in future quarters, boosting investor confidence in its long-term growth potential.
See More
Blink Charging Launches Cryptocurrency Payments, Enhancing User Convenience
- Payment Innovation: Blink Charging has launched cryptocurrency payments at select U.S. fast-charging sites, enabling EV drivers to use USD Coin (USDC) for charging, which enhances user experience and convenience by providing more payment options.
- Market Expansion Plans: The feature is currently live at two fast-charging locations in Florida, with plans to expand to additional Blink-owned sites by 2026, thereby strengthening the company's competitive position in the EV charging market.
- Increased User Acceptance: A survey indicated that about 50% of adults would consider using stablecoins for daily purchases, with acceptance rising to 71% among Gen Z respondents, highlighting the potential market demand for cryptocurrency payments.
- Positive Stock Reaction: Blink Charging's stock rose 3.61% to $0.83 during premarket trading on Wednesday, reflecting the market's positive response to the company's innovative initiatives.
See More
Blink Charging Shares Decline Amid Concerns Over New Share Offering and Potential Dilution
Equity Offering Announcement: Blink Charging Co. announced a new equity offering of 26,666,666 common shares priced at 75 cents each, aiming to raise approximately $20 million for expanding its DC Fast Charging network and supporting general corporate needs.
Stock Performance: Following the announcement, Blink Charging's stock fell 5.68% to $0.89 in premarket trading, reflecting a significant decline of over 43% in the past year.
Recent Initiatives: The company has partnered with Karbon Homes in the U.K. and launched a new line of affordable Level 2 chargers, including the Shasta 48 and Shasta 80 models, aimed at multifamily and fleet applications.
Future Plans: The transaction from the equity offering is expected to be completed around December 12, 2025, pending usual closing conditions.
See More
Blink Charging Prices Public Offering of 26.67M Shares at $0.75, Expected to Raise $20M
- Public Offering Pricing: Blink Charging announced the pricing of 26,666,666 shares at $0.75 each, expected to raise approximately $20 million, which will be primarily used to expand its DC Fast Charging network, enhancing its competitive position in the market.
- Capital Expenditure Plans: The proceeds from this offering will mainly fund capital expenditures aimed at expanding EV charging infrastructure to meet the growing demand in the electric vehicle market, thereby boosting the company's long-term growth potential.
- Underwriter Collaboration: H.C. Wainwright & Co. and Roth Capital Partners are acting as exclusive co-placement agents for the offering, ensuring professionalism and efficiency in the fundraising process, which further enhances investor confidence.
- Registration Statement Effective: The registration statement for this public offering was declared effective by the SEC on December 10, 2025, marking the company's compliance and transparency in the capital markets, thereby improving its market image.
See More
