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BOWIE, Md. - Blink Charging Co. (NASDAQ:BLNK), a $159 million market cap EV charging infrastructure company, announced Monday a strategic collaboration with Hubject to integrate Blink’s charging network into Hubject’s intercharge eRoaming platform across North America. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 1.7, though analysts anticipate sales challenges in the current year.
The agreement will connect Blink as a Charge Point Operator (CPO) to Hubject’s platform, expanding charging options throughout the United States, Canada, and Mexico. The integration will utilize industry-standard protocols, including OCPI, to facilitate communication between Blink’s infrastructure and Hubject’s eMobility Service Provider (eMSP) partners. This expansion comes as Blink’s stock shows strong momentum, with InvestingPro data revealing a 53.5% price return over the past six months, though the company’s Fair Value suggests current trading levels warrant careful consideration.
"Joining Hubject’s network represents an important milestone in our commitment to expand convenient and reliable EV charging access across North America," said Mike Battaglia, President and CEO at Blink Charging.
Trishan Peruma, CEO of Hubject North America, stated, "Blink’s comprehensive approach to charging infrastructure, spanning from Level 2 workplace solutions to high-power DC fast charging, is well aligned with our mission to advance seamless charging experiences."
The collaboration aims to strengthen Hubject’s North American market position by incorporating Blink’s charging stations into the intercharge network. Hubject’s existing partners will gain access to Blink’s infrastructure, while Blink expects increased utilization from customers already connected through Hubject’s platform.
Implementation is planned in phases throughout 2025, with full integration targeted for completion by year-end, subject to technical readiness.
According to the press release, the agreement will enhance value for Hubject’s eMSP partners by expanding their service coverage, while strengthening Hubject’s North American charging infrastructure offering and increasing both companies’ presence in the region’s growing EV market.
In other recent news, Blink Charging Co. reported several significant developments. The company disclosed a definitive agreement related to its acquisition of Envoy Technologies, resolving remaining payment obligations to the former owners through a finalized warrant agreement. Additionally, Blink Charging received preliminary court approval for a proposed settlement in a derivative action involving current and former directors, which includes implementing corporate governance reforms. The company’s insurer will cover $553,750 in attorneys’ fees and expenses as part of the settlement.
In terms of strategic partnerships, Blink Charging has expanded its network by integrating with Paua, adding approximately 3,500 EV connectors across 850 public charging locations in the UK. This collaboration increases Paua’s network to over 67,000 EV charger connectors. Furthermore, Blink Charging announced plans to integrate cryptocurrency payment options into its charging network by the end of 2025, allowing EV drivers to use digital currencies via the Blink Charging App. These recent developments highlight Blink Charging’s ongoing efforts to expand its services and enhance its payment options for users.
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