HomeMarket NewsMicro Cap StocksBlink Charging And Parkopedia Collaborate, Adding 4,000 Locations To Platform

Blink Charging And Parkopedia Collaborate, Adding 4,000 Locations To Platform

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Blink Charging Co (NASDAQ: BLNK) announced a collaboration with Parkopedia to enhance accessibility to electric vehicle (EV) charging for drivers.

Under the agreement, BLNK will integrate over 4,000 EV charging locations into the Parkopedia platform across North America.

This strategic integration will increase the platform’s access to approximately 12,000 public EV chargers, including 129 DC fast chargers.

“Our partnership with Parkopedia simplifies the process for EV drivers to find Blink EV charging stations throughout North America. By combining Parkopedia’s expertise in parking accessibility with Blink’s extensive network of public EV chargers, we give EV drivers the confidence to find a reliable charging experience wherever they are. This initiative aligns with our strategy of providing easy access to Blink chargers through various platforms,” stated Jim Nemec, Chief Revenue Officer for Blink Charging.

Last month, BLNK reported second-quarter results that exceeded analyst expectations.

The company reported a Q2 loss per share of $0.44, beating the consensus estimate of a $0.49 loss per share. Sales for the quarter reached $32.84 million, surpassing the analyst estimate of $23.76 million.

In light of these positive results, Blink Charging has raised its revenue target for fiscal year 2023 to between $110 million and $120 million. The company aims to achieve a positive adjusted EBITDA run rate by December 2024.

BLNK shares were trading 0.85% higher at $2.98 at the time of this report.

Photo: Shutterstock

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