UK & Ireland’s EB Charging Joins The Blink Family, Becomes Blink Charging UK
11 hours ago
“The market opportunity in the United Kingdom and Ireland is substantial and was a significant factor in our consideration for the EB Charging acquisition,” said Michael D. Farkas, Founder and Chief Executive Officer of Blink Charging. “While overall vehicle sales in the United Kingdom are slow, EVs outpaced expectations, accounting for nearly 17% of new vehicle registrations last year. The acceleration of EV adoption demands the EV charging infrastructure to support it.
“The launch of Blink in the United Kingdom and Ireland through the strategic acquisition and rebrand of EB Charging as Blink Charging UK complements both companies’ shared mission to advance EV adoption with a desire to see zero-emission towns and cities everywhere.” Farkas added.. Its revenues were down despite growth in EV driving, and it seemed to be on the way down. One possible driver of its woes was an over-reliance on urban EV charging when most EV drivers charge at home.
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