FINDING OUT WHAT'S NEW WITH BLINK CHARGING

EV Channels Review

Blink Charging's leadership, Brendan Jones and Mike Battaglia, provided a comprehensive update at CES 2024, highlighting a highly successful 2023 marked by record revenues and margin growth. The company's strategic focus on vertical integration—manufacturing, selling, servicing, and operating its own equipment and network—is a key driver of this success. Blink aims for financial sustainability beyond 2024, reducing reliance on public funding. They detailed significant achievements, including integrating six acquired companies and securing a major contract with the US Post Office for 41,500 chargers. The discussion emphasized the critical role of Level 2 (L2) community charging over DC fast charging for everyday use, citing data that 97% of dispensed kilowatts will come from L2. Blink is also proactively adapting to the NACS transition by offering dual-port chargers and planning for full NACS integration. The company is investing heavily in domestic manufacturing and R&D, with a goal to reach 80% vertical integration by 2024 and achieve EBITDA positivity by December 2024. They are also enhancing customer service through technology and proactive monitoring to ensure high uptime.