Blink Mobility Expands BlueLA Car Sharing Program with the City of Los Angeles and LADOT
06 October 2021 - 12:15AM
Blink Mobility (“Blink” or the “Program”), a wholly owned
subsidiary of Blink Charging Co. (Nasdaq: BLNK, BLNKW), today
announced the expansion of its BlueLA electric car sharing program
serving Los Angeles. Following a Los Angeles City Council vote
approving the expansion, Blink will add 300 street side EV charging
stations at an anticipated 60 destinations across the city and a
progressive increase in the Program’s electric vehicle fleet, based
on utilization rates.
The significant Blink Mobility expansion is
funded, in part, through resources provided by the Los Angeles
Department of Transportation (LADOT) and California Air Resources
Board (CARB). Per the expansion agreement, BlueLA powered by Blink
Mobility will deploy and operate a total of 500 EV charging
stations at a miniumum of 100 locations across Los Angeles. The
program will also progressively increase its electric vehicle fleet
up to 300 EVs based on utilization rates.
“We’re very pleased to expand our exclusive car
sharing and EV charging agreement with the city of Los Angeles. The
program further reinforces our commitment to providing affordable
electric vehicle accessibility and EV charging infrastructure to
underserved communities across the city,” stated Michael D. Farkas,
Chief Executive Officer of Blink Charging.
The Los Angeles Department of Transportation
(LADOT) announced the expansion of the program on Twiiter, stating
‘[the BlueLa powered by Blink Mobility] program was approved to add
200 more shared EV-cars and 300 more chargers to areas such as
South LA, Boyle Heights, Pico-Union, and East Hollywood.’
“BlueLA powered by Blink Mobility is playing a
key role promoting and enabling electric vehicle use by deploying
accessible, state-of-the-art chargers and EVs in convenient
locations across the city. We’re excited to have this opportunity
to grow Blink Mobility’s footprint significantly while making the
transition to zero-emissions vehicles a seamless and effortless
choice. We look forward to continuing to leverage our network and
technology to grow our market presence in LA, the epicenter of EV
adoption,” said Farkas.
Blink Mobility is the exclusive provider of
EV-sharing services to the City of Los Angeles. Currently, the
Program operates 190 charging stations at 39 locations in the city.
New charging station locations under this expansion agreement are
currently being identified and assessed.
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ABOUT BLUELA POWERED BY BLINK MOBILITY
BlueLA powered by Blink Mobility, and operated
by Blink Charging, a leader in EV charging infrastructure since
2009, is fully committed to providing access to affordable and
clean transportation alternatives. The all-electric car-sharing
service began in 2018 when the City of Los Angeles was awarded a
grant from the California Air Resources Board through California
Climate Investments to pilot electric vehicle car-sharing in
low-income communities of Los Angeles. The program currently serves
the communities of Westlake, Koreatown, Pico-Union, Downtown, Echo
Park, Boyle Heights, and Chinatown. Project implementation and
outreach efforts are supported by the LA Mayor’s Office of
Sustainability, Shared Use Mobility Center, and a committee of
community-based organizations.
ABOUT BLINK CHARGING
Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a
leader in electric vehicle (EV) charging equipment and has deployed
over 30,000 charging ports across 13 countries, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of the Company’s charging locations worldwide. Blink
Charging’s principal line of products and services include its
Blink EV charging network (“Blink Network”), EV charging equipment,
and EV charging services. The Blink Network uses proprietary,
cloud-based software that operates, maintains, and tracks the EV
charging stations connected to the network and the associated
charging data. With global EV purchases forecasted to rise to 10
million by 2025 from approximately 2 million in 2019, the Company
has established key strategic partnerships for rolling out adoption
across numerous location types, including parking facilities,
multifamily residences and condos, workplace locations, health
care/medical facilities, schools and universities, airports, auto
dealers, hotels, mixed-use municipal locations, parks and
recreation areas, religious institutions, restaurants, retailers,
stadiums, supermarkets, and transportation hubs. For more
information, please visit https://www.blinkcharging.com/.
Forward-Looking Statements
This press release contains forward-looking
statements as defined within Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements, along with
terms such as “anticipate,” “expect,” “intend,” “may,” “will,”
“should,” and other comparable terms, involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the future. Those statements
include statements regarding the intent, belief, or current
expectations of Blink Charging and members of its management, as
well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, including those described in Blink
Charging’s periodic reports filed with the SEC, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Except as required by federal
securities law, Blink Charging undertakes no obligation to update
or revise forward-looking statements to reflect changed
conditions.
Blink Media ContactPR@BlinkCharging.com
Blink Investor Relations ContactIR@BlinkCharging.com
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