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LONDON - Electric vehicle charging provider Blink Charging Co. (NASDAQ:BLNK), a $119 million market cap company with over $104 million in trailing twelve-month revenue, has integrated its network with Paua, the UK’s EV charging aggregator for fleets and businesses, according to a press release issued Wednesday. According to InvestingPro analysis, the company maintains a strong balance sheet with more cash than debt.
The collaboration adds approximately 3,500 connectors across 850 public charging locations from Blink to Paua’s platform, expanding the latter’s network to over 67,000 EV charger connectors throughout the UK. While the company’s stock has shown strong returns over the past three months, InvestingPro data indicates the company is currently trading below its Fair Value.
Blink’s charging points are now accessible through Paua Access, providing users with real-time information on charger availability, connector types, and pricing without requiring additional cards, applications, or contracts.
"This collaboration enhances support for fleets, businesses, and individual drivers through the next phase of the energy transition," said Alex Calnan, Managing Director of Europe at Blink Charging.
Niall Riddell, CEO and Co-founder of Paua, stated that the integration gives their customers "more options, more power, and fewer excuses not to go electric."
The partnership aims to create a more unified charging experience for electric vehicle drivers across the UK, with a particular focus on fleet management.
Paua customers can immediately access Blink chargers through the platform, which now represents one of the largest EV charging networks in the country.
Blink Charging continues to expand its presence in the UK and globally through partnerships with local authorities, businesses, and property developers to support the electrification of transportation. Want deeper insights? InvestingPro subscribers have access to over 10 additional exclusive ProTips and comprehensive financial analysis for BLNK, including detailed profitability metrics and growth forecasts.
In other recent news, Blink Charging Co. has announced plans to integrate cryptocurrency payment options across its charging network by the end of 2025. This development will allow electric vehicle drivers to pay for charging sessions using digital currencies through the Blink Charging App. Additionally, Blink Charging has received preliminary court approval for a proposed settlement in a derivative action involving the company and certain directors and officers. The settlement includes corporate governance reforms and a payment of $553,750 in attorneys’ fees and expenses by the company’s insurer.
Blink Charging has also finalized an agreement related to its acquisition of Envoy Technologies, resolving remaining payment obligations to Envoy’s former owners. In a strategic move, Blink Charging has partnered with Nexxtlab to enhance energy management tools for electric vehicle fleets across Europe. This partnership will integrate Blink’s charging locations with Nexxtlab’s Smartmaster platform. Meanwhile, Terra Innovatum has nominated Katherine Williams, former CEO of Framatome, as the Independent Chair of its Board of Directors, pending the closure of its proposed business combination with GSR III Acquisition Corp.
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