Blink Charging (BLNK) announced that on June 20, 2025 it has entered into a non-binding term sheet with respect to the Company’s previously proposed GBP 100M Special Purpose Vehicle with private equity firm Axxeltrova to support growth in EV charging development across the UK through the Local Electric Vehicle Infrastructure program. The innovative Special Purpose Vehicle will facilitate funding to support the growth of the EV sector’s owner-operator model. The SPV will be established to finance and own the Blink chargers, which Blink will install, operate, manage, and maintain on the Blink Network. Axxeltrova brings deep experience in sustainable infrastructure financing, focusing on energy transition assets.
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