Blink Charging adds more than 7,000 EV charging ports in Europe through purchase of Blue Corner

Blink Charging Co. said Tuesday it has acquired Belgium-based electric vehicle charging ports operator Blue Corner N.V...

Blink Charging adds more than 7,000 EV charging ports in Europe through purchase of Blue Corner

Squint Charging Co. said Tuesday it has procured Belgium-based electric vehicle charging ports administrator Blue Corner N.V., for EUR20 million ($24 million) in real money and stock. The arrangement adds 7,071 charging ports across Belgium, Luxembourg, France and the Netherlands to Blink's European charging network. "We are exceptionally amped up for this obtaining and the chance it gives Blink to have a huge presence in Europe immediately," said Blink Chief Executive Michael Farkas.

"As a vital supporter of the extending EV scene, we are constantly searching for freedoms to deliberately expand our worldwide resources while additionally making EV charging more open." Farkas noticed that EVs have "a lot higher" piece of the pie in Europe, as deals of module EVs in Europe rose 137% to 1.4 million vehicles in 2020, contrasted with a 4% expansion with 328,000 vehicles in the U.S., as indicated by ev-volumes.com. Squint's stock fell 2.6% in daytime exchanging in the midst of a wide market selloff, with the innovation well disposed Nasdaq Composite and the S&P 500 both down 1.0%.