Record Growth in Services Revenue
Service revenue reached $11.8 million in the second quarter, up 46% year-over-year and increasing 11% sequentially from Q1. This performance reflects higher charger utilization and growth in Blink-owned assets.
Significant Sequential Growth in Product Revenues
Product revenues grew 73% sequentially, driven by stronger demand for DC fast chargers and Level 2 Series units.
Strategic Acquisition of Zemetric
Blink acquired Zemetric to fill a critical gap in its product portfolio, bringing new hardware and software charging solutions for fleet, multifamily, and commercial applications.
Establishment of a GBP 100 Million SPV
Entered into a nonbinding term sheet with Axxeltrova to form a GBP 100 million SPV for EV infrastructure in the U.K., aligning with Blink's strategy for non-dilutive capital leverage.
Resolution of Envoy Subsidiary Uncertainty
Blink resolved payment obligations and liability with Envoy's former shareholders in exchange for stock and performance-based warrants, releasing Blink from claims and liabilities.