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MIAMI - Blink Charging Co. (NASDAQ:BLNK), an EV charging equipment provider with a strong balance sheet showing more cash than debt, announced Wednesday it will install and operate its Blink-owned Level 2 electric vehicle chargers at two Accesso properties in South Florida. According to InvestingPro data, the company maintains a healthy current ratio of 2.15, indicating solid short-term financial stability.
The company will deploy its Series 7 chargers at Sawgrass Lake Center, a 240,000 square-foot office facility in Sunrise, and at the Atrium at Broken Sound, a 100,000 square-foot mixed-use property in West Boca.
The installations will serve employees, tenants, and visitors at both locations, according to a press release statement from the company.
"We are proud to support Accesso’s corporate sustainability initiative, offering EV charging in the workplace and its mixed-use locations across South Florida," said Chris Carr, Senior Vice President of Sales and Business Development at Blink Charging.
Kevin Bretz, Property Manager for Sawgrass Lake Center, stated that the charging stations will "provide immense value to the growing number of EV drivers in the region."
Sawgrass Lake Center is located near Sawgrass Mills Mall, while the Atrium at Broken Sound is situated in West Boca’s commercial district, which includes housing, hospitality, restaurants, and retail locations.
Blink Charging, headquartered in Miami Beach, owns and operates electric vehicle charging equipment and services. Accesso is a commercial real estate investment manager with 26 properties comprising 13 million square feet under management. Based on InvestingPro’s Fair Value analysis, Blink Charging appears undervalued at current levels. Discover 13 additional key insights about BLNK and access the comprehensive Pro Research Report, available exclusively with an InvestingPro subscription.
In other recent news, Blink Charging has announced its acquisition of Zemetric, a company specializing in fleet electric vehicle charging solutions. This all-equity transaction is set to close by July 11, 2025, with Zemetric’s leadership team joining Blink Charging’s executive ranks. Additionally, Blink Charging has been identified as a recommended provider for customers affected by Everon’s exit from the EV charging market, offering services like infrastructure evaluation and system upgrades. In collaboration with Axxeltrova, Blink Charging plans to establish a £100 million Special Purpose Vehicle to bolster EV charging infrastructure in the UK, aligning with government initiatives. The company has also appointed Alex Calnan as its new Managing Director for Europe, expanding his role from overseeing UK operations to the entire European market. Furthermore, Michael Bercovich has been named the new Chief Financial Officer, bringing over 20 years of experience in financial operations to the company. These developments reflect Blink Charging’s strategic efforts to enhance its leadership and expand its EV charging network globally.
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