Blink Charging expands EV charger visibility through Eco-Movement deal

NEW YORK - Blink Charging Co. (NASDAQ: BLNK), a prominent player in the electric vehicle (EV) charging sector with a market capitalization of $73.4 million, has announced a strategic partnership with data service provider Eco-Movement. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment, despite facing significant market challenges with its stock down nearly 69% over the past year. This collaboration aims to enhance the visibility and accessibility of Blink’s network of charging stations for EV drivers by integrating real-time data into major navigation and mapping platforms. The company maintains a strong balance sheet with more cash than debt, and a healthy current ratio of 2.38, according to recent financial data from InvestingPro.

The agreement, unveiled on April 15, 2025, leverages Eco-Movement’s comprehensive database, which includes details on public and semi-public EV charging points and their current availability. Blink’s charging stations will be more easily discoverable across popular search engines, digital maps, and various charger-finding applications, as well as in-car navigation systems, smartphones, and voice assistants.

Eco-Movement’s platform is trusted by leading navigation apps for its meticulously verified and constantly updated charging station data. This service will allow Blink to ensure that EV drivers can find their charging solutions with ease and receive timely updates on charger availability.

Mike Battaglia, President and CEO of Blink, emphasized the company’s commitment to meeting the growing infrastructure needs of EV drivers by stating, "This collaboration marks the latest in a series of significant milestones designed to enhance the EV driver experience and boost the accessibility of our charging solutions."

Roderick van den Berg, CEO of Eco-Movement, also expressed enthusiasm about the partnership, highlighting the shared mission to aid EV drivers in locating their next charging stop.

Eco-Movement’s global database provides extensive information on charging points, including addresses, operators, costs, accessibility, truck suitability, and real-time availability, as well as roaming partners, subscription/membership prices, and payment options.

This initiative is part of Blink’s broader strategy to expand its charging network and services, which includes a diverse array of products such as the Blink Network, EV charging equipment, and related services. The company has formed strategic collaborations to support the adoption of EVs across various locations, including parking facilities, residential areas, workplaces, and transportation hubs.

The partnership with Eco-Movement is expected to further solidify Blink’s position in the EV charging market by improving the driver experience and supporting the transition to electric transportation. While the company generated revenue of $126.2 million in the last twelve months, InvestingPro data reveals 13 additional key insights about Blink’s financial health and market position, available through their comprehensive Pro Research Report - part of their coverage of over 1,400 US stocks. This news is based on a press release statement.

In other recent news, Blink Charging Co. has made notable strides in maintaining its financial reporting standards. The company confirmed that its annual report for the fiscal year ending December 31, 2024, aligns with previously disclosed figures, avoiding any restatements, and has successfully returned to compliance with Nasdaq’s filing requirements. This development is crucial as it ensures Blink Charging’s continued listing on the stock exchange. Additionally, the company announced an amendment to a merger agreement involving its subsidiary, Envoy Technologies Inc., extending the deadline for a direct listing from April 18, 2025, to June 2, 2025. This move aims to facilitate the distribution of shares to former shareholders in the event of a successful listing. Meanwhile, Stifel analysts have reduced Blink Charging’s stock price target from $3.50 to $2.00, maintaining a Hold rating due to ongoing industry challenges and uncertainty about reaching EBITDA breakeven. Despite these challenges, Blink Charging has been commended for aligning its fourth-quarter revenue with market expectations and making progress in cost reduction. The company remains focused on expanding its footprint in the electric vehicle charging sector through strategic partnerships and regulatory compliance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.