Here are 1-3 brief analogies to describe Blink Charging:

• The Shell or BP of electric vehicle charging stations. (Focuses on providing the physical charging infrastructure and network, similar to how these companies provide gas stations and a fuel network.)
• They're like the AT&T or Verizon of EV charging networks, providing the infrastructure and services. (Emphasizes building out and managing a network of charging points, along with associated software and services, much like telecom companies do for cellular networks.)

• EV Charging Equipment: Physical charging stations designed for both residential and commercial electric vehicles.
• Blink Network Services: A cloud-based platform providing remote monitoring, management, data processing, and payment solutions for EV charging stations to property owners and EV drivers.
• Service Plans: Comprehensive packages combining EV charging hardware, software services, and ongoing maintenance for customers.

Blink Charging (BLNK) serves a diverse customer base, including businesses, organizations, governmental entities, and individual EV drivers. Based on the provided description, the company primarily identifies categories of customers rather than specific named companies for its major sales channels.

The major categories of customers for Blink Charging are:

1. Commercial and Institutional Entities: These encompass a wide range of businesses and organizations that purchase Blink's EV charging equipment and networked services to provide charging solutions on their premises. This includes property owners and managers, parking companies, auto dealers, hotels, healthcare facilities, mixed-use developments, multifamily residential complexes, restaurants, retailers, schools, universities, stadiums, supermarkets, and workplaces. These entities aim to offer EV charging as an amenity or service to their tenants, customers, employees, or visitors.
2. Governmental and Municipal Entities: This category includes state and municipal organizations that deploy Blink's charging infrastructure for public use, within government facilities, or for municipal vehicle fleets. Examples from the description include airports, parks and recreation areas, and transportation hubs.
3. Individual EV Drivers: Blink also sells residential Level 2 chargers directly to individual consumers through various internet channels, enabling EV owners to charge their vehicles at home.

Mike Battaglia, President & Chief Executive Officer

Mike Battaglia was appointed President and Chief Executive Officer of Blink Charging in February 2025. He joined Blink in 2020, serving as Vice President of Sales, then Chief Revenue Officer, and Chief Operating Officer. Under his leadership, Blink's revenue grew significantly from $3 million in 2019 to $140.6 million in 2023. Battaglia brings over 30 years of global experience in driving growth and operational excellence. Prior to Blink, he spent nearly 15 years at J.D. Power, where he held leadership roles including Director of Operational Research and Vice President of Automotive Retail and Sales. His career also includes senior roles at SmartDisk and Toyota Motor Sales, U.S.A.

Michael Bercovich, Chief Financial Officer

Michael Bercovich was appointed Chief Financial Officer of Blink Charging, effective June 23, 2025. He has over 20 years of experience in financial leadership, having successfully raised over $250 million in capital through various sources, including venture capital (VC) and private equity (PE) firms, family offices, and financial institutions. Bercovich has a proven track record of establishing and managing global financial operations, treasury, and tax functions in more than 40 countries. His previous CFO roles include Helios Global Payments Solutions (where he was a founding team member), MyOutDesk LLC, Cialfo Inc., and Elements Global Services Inc. (now Atlas HXM). He began his career at KPMG (Israel office) and has held financial leadership positions at Xerox and CGI Group.

Harmeet Singh, Chief Technology Officer

Harmeet Singh serves as the Chief Technology Officer for Blink Charging.

Jen Yokley, Chief Marketing Officer

Jen Yokley holds the position of Chief Marketing Officer at Blink Charging.

Alex Calnan, Managing Director of Europe

Alex Calnan was promoted to Managing Director of Europe for Blink Charging, effective July 1, 2025. He previously served as the Managing Director of the UK. Before joining Blink, Calnan co-founded and served as Managing Director for EB Charging, a leading UK infrastructure company that Blink acquired in 2022. He has over a decade of experience leading and developing growth strategies for EV charging companies in Europe.

Here are the key risks to Blink Charging (BLNK):

1. Uncertain Path to Profitability and Negative Cash Flow: Blink Charging has consistently experienced substantial net losses and has not yet achieved sustained profitability. The company has a history of significant cash burn from operations, requiring demanding reinvestments that drain resources. This financial instability presents ongoing liquidity concerns and has historically led to shareholder dilution from capital raising. The ability to achieve profitability hinges on various factors, including revenue growth and operational expense management, making it a primary risk.
2. Intense Market Competition: The electric vehicle (EV) charging market is highly competitive, with numerous established players like Tesla Supercharger, ChargePoint, and EVgo, as well as new entrants, all vying for market share. This fierce competition can lead to pricing pressure, erode margins, and necessitate continuous innovation from Blink Charging to maintain and expand its market position.
3. Dependence on EV Adoption Rates and Evolving Regulatory/Policy Environment: Blink Charging's growth and financial performance are closely tied to the broader adoption rates of electric vehicles. Any slowdown in EV sales or changes in the regulatory and policy landscape, such as the rollback of EV emissions rules or purchase incentives, could significantly dent demand for EV charging equipment and services. The evolving nature of government policies and economic conditions in the EV sector introduces substantial uncertainty for the company's future prospects.

The increasing adoption of proprietary or automaker-controlled charging standards, such as Tesla's North American Charging Standard (NACS), by a growing number of major electric vehicle manufacturers poses a clear emerging threat. This trend suggests a potential shift towards a more vertically integrated charging ecosystem where automakers might prioritize their own networks or those aligned with their standards. This could marginalize third-party networks like Blink, making their existing hardware less universally appealing, increasing their operational costs to adapt to new standards, and potentially reducing their market share and pricing power as vehicle owners increasingly prefer manufacturer-backed charging experiences that are seamlessly integrated with their vehicles.

Expected Drivers of Future Revenue Growth for Blink Charging (BLNK)

Blink Charging (BLNK) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

1. Growth in Service Revenues and Network Expansion: Blink Charging expects significant revenue growth from its recurring service revenues, including charging services, network fees, and car-sharing services. This growth is directly linked to increased utilization of its existing charging stations and the ongoing expansion of its network, including a higher number of Blink-owned chargers in the field and an expanding footprint in regions such as Europe.
2. Expansion of DC Fast Charging Portfolio and New Product Launches: A strategic focus on expanding its DC Fast Charging (DCFC) portfolio is expected to be a key driver of anticipated revenue growth. Additionally, the launch of new products, such as the Shasta chargers, is projected to contribute to continued revenue growth in the near future.
3. Strategic Partnerships and Geographic Market Expansion: Blink Charging continues to leverage strategic partnerships across various transit and destination locations. Recent examples include expanding EV infrastructure in Belgium through a partnership with Korian. This ongoing strategy of forming alliances and entering new geographic markets is expected to fuel revenue growth.
4. Improved Operational Efficiencies and Higher Gross Margins: While primarily impacting profitability, the company's strategic shift to contract manufacturing and a focus on higher-margin products are expected to enhance operational efficiencies and improve gross margins. These financial improvements allow the company to allocate more resources towards revenue-generating initiatives, indirectly supporting future top-line growth.

Capital Allocation Decisions for Blink Charging (BLNK)

Share Repurchases

• Blink Charging has not reported any significant share repurchases over the last 3-5 years, with $0.0 million reported for the trailing twelve months ended September 2025.

Share Issuance

• In December 2025, Blink Charging priced a public offering of 26,666,666 shares of common stock at $0.75 per share, generating approximately $20 million in gross proceeds. The funds were intended primarily for capital expenditures to expand its DC Fast Charging network and for working capital and general corporate requirements.
• In August 2025, the company resolved liabilities related to its April 2023 acquisition of Envoy Technologies by agreeing to issue $10 million in company stock and warrants for shares worth $11 million to former Envoy shareholders.
• The number of shares outstanding for Blink Charging has increased significantly, from 42.27 million at the end of 2021 to 109.11 million at the end of 2025, and 103.93 million as of March 2026.

Outbound Investments

• In July 2025, Blink Charging acquired 100% of the equity of Zemetric, a charging infrastructure company focused on solutions for fleets, multi-family, and high-utilization destination sites.
• In April 2023, Blink's subsidiary, Blink Mobility, LLC, acquired Envoy Technologies, an electric vehicle sharing platform developer.
• Blink Charging acquired SemaConnect in June 2022 for an estimated $200 million.

Capital Expenditures

• In Q1 2025, Blink Charging invested $2.4 million in capital expenditures, a substantial increase of 346.5% from the prior quarter, primarily aimed at funding long-term assets and infrastructure.
• Capital expenditures were reported as $8.6 million for the full year 2024.
• The company's public offering in December 2025 was specifically earmarked to fund capital expenditures for the expansion of its owned and operated DC Fast Charging network.