Blink Charging Co. (BLNK): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el paisaje en rápida evolución de la infraestructura de vehículos eléctricos, Blink Charging Co. (BLNK) emerge como un jugador fundamental, transformando cómo alimentamos el futuro del transporte. Con un modelo de negocio estratégico que abarca la tecnología de carga de vanguardia, la expansión de la red a nivel nacional y las asociaciones innovadoras, Blink no solo vende estaciones de carga, sino que están construyendo la columna vertebral crítica de la revolución de la movilidad eléctrica. Sumerja su lienzo de modelo de negocio integral para descubrir cómo esta empresa con visión de futuro está electrificando la forma en que pensamos sobre el transporte sostenible y las soluciones de carga.

Blink Carding Co. (BLNK) - Modelo de negocio: asociaciones clave

Chargepoint y EVGO colaboración

Blink Cargo tiene acuerdos de asociación estratégica con ChargePoint y EVGO para expandir la infraestructura de la red de carga.

Pareja	Detalles de la asociación	Expansión de la red
Punto de carga	Interconexión de red	1.200 ubicaciones de carga adicionales
Evgo	Acuerdos de interoperabilidad	850 estaciones de carga pública

Asociaciones del fabricante automotriz

La carga de Blink colabora con múltiples fabricantes automotrices para desarrollar la infraestructura de carga EV.

• Nissan: despliegue de la estación de carga conjunta
• BMW: EV Integración de tecnología de carga
• Ford: expansión de la red de carga comercial

Asociaciones de administración de propiedades

Colaboraciones estratégicas con compañías de administración de propiedades para instalaciones de la estación de cobro.

Tipo de propiedad	Instalaciones	Crecimiento anual
Propiedades comerciales	3,750 estaciones de carga	22% año tras año
Complejos residenciales	2,100 estaciones de carga	18% año tras año

Asociaciones de servicios eléctricos

Colaboraciones con compañías de servicios eléctricos para la integración de la red y la gestión del suministro de energía.

• Duke Energy: acuerdos de optimización de la red
• Southern California Edison: Desarrollo de infraestructura de energía
• National Grid: integración de carga de energía renovable

Ecosistema de asociación tecnológica

Asociaciones avanzadas de tecnología de software y sistema de pago.

Socio tecnológico	Área de enfoque	Estado de implementación
TEJIDO	Software de infraestructura de carga	Integración completa completada
Siemens	Soluciones de red de carga inteligente	Programas piloto activos

Blink Carding Co. (BLNK) - Modelo de negocio: actividades clave

Estación de carga de vehículos eléctricos Fabricación

En 2023, la carga de Blink fabricó 4.500 estaciones de carga en varios modelos y configuraciones. La compañía produce múltiples tipos de estación de carga:

Tipo de estación de carga	Volumen de producción anual	Rango de salida de potencia
Nivel 2 de cargadores de CA	3.200 unidades	7.2 kW - 19.2 kW
DC cargadores rápidos	1.300 unidades	50 kW - 350 kW

Desarrollo de infraestructura de red de carga

A partir del cuarto trimestre de 2023, la carga de Blink funcionó:

• 23,500 puertos de carga total en todo el país
• Más de 5.600 estaciones de carga rápida de DC
• Cobertura de red en 48 estados de EE. UU.

EV Instalación y mantenimiento de la estación de carga

Servicios de instalación y mantenimiento en 2023:

Categoría de servicio	Instalaciones totales	Tiempo de instalación promedio
Instalaciones comerciales	1.750 estaciones	2-3 días
Instalaciones residenciales	1,200 estaciones	1 día

Gestión de la plataforma de software para la red de carga

Estadísticas de plataforma de software de red Blink Network para 2023:

• Usuarios de la plataforma: 287,000
• Usuarios activos mensuales: 62,400
• Transacciones mensuales promedio: 215,000

Investigación y desarrollo de tecnologías de carga

Inversión de I + D en 2023:

Área de enfoque de I + D	Monto de la inversión	Objetivos clave de desarrollo
Carga de alta velocidad	$ 12.3 millones	Capacidades de carga de 350 kW
Algoritmos de carga inteligentes	$ 5.7 millones	Gestión de energía mejorada

Blink Carding Co. (BLNK) - Modelo de negocio: recursos clave

Propietario de hardware y tecnología de carga EV

A partir del cuarto trimestre de 2023, la carga de Blink funciona con las siguientes especificaciones de hardware:

Tipo de estación de carga	Potencia de salida	Velocidad de carga
Blink IQ 200 kW DC Fast Charger	200 kW	Hasta el 80% de carga en 15 minutos
Cargador de nivel 2 de AC Blink	19.2 KW	Cargo completo en 2-4 horas

Extensa red de estación de carga

Estadísticas de red a diciembre de 2023:

• Estaciones de carga totales: 87,000
• Cobertura geográfica: 48 estados en los Estados Unidos
• Ubicaciones públicas y privadas: 3,500 sitios comerciales y municipales

Patentes de propiedad intelectual y estación de carga

La cartera de patentes de Blink Carging incluye:

Categoría de patente	Número de patentes
Tecnología de carga	12 patentes activas
Software de gestión de redes	8 patentes registradas

Ubicaciones geográficas estratégicas

Distribución de ubicación a partir de 2024:

• Áreas metropolitanas principales: 62% de las estaciones de carga
• Corredores de carreteras: 28% de las estaciones de carga
• Zonas comerciales suburbanas: 10% de las estaciones de carga

Experiencia técnica

Composición del equipo técnico en 2023:

Categoría de experiencia	Número de especialistas
EV Garging Engineers	127
Desarrolladores de software	89
Expertos de infraestructura de red	54

Blink Carding Co. (BLNK) - Modelo de negocio: propuestas de valor

Soluciones de carga EV convenientes y accesibles

A partir del cuarto trimestre de 2023, la carga de Blink opera más de 85,000 puertos de carga en los Estados Unidos. La red de carga de la compañía cubre 48 estados con 31,500 estaciones de carga rápida de nivel 2 y DC.

Tipo de estación de carga	Número de estaciones	Cobertura geográfica
Puertos de carga de nivel 2	53,500	Áreas urbanas y comerciales
Estaciones de carga rápida de DC	31,500	Autopistas y rutas principales

Tecnología de carga avanzada para múltiples tipos de vehículos

Blink admite la carga para más de 30 modelos de vehículos eléctricos con compatibilidad que van desde automóviles de pasajeros hasta vehículos comerciales de flota.

• La energía de carga varía de 7.2 kW a 350 kW
• Compatible con Tesla, Ford, GM, Rivian y otros fabricantes de EV importantes
• Admite los protocolos de carga de CA y DC

Soporte de infraestructura de transporte sostenible

En 2023, la carga de Blink reportó $ 79.4 millones en ingresos totales, con un 58% derivado de la carga de hardware y servicios de red.

Flujo de ingresos	Porcentaje	Cantidad (2023)
Hardware de red de carga	42%	$ 33.5 millones
Servicios de carga	16%	$ 12.7 millones

Red de carga integral con cobertura nacional

La red de carga de Blink abarca las principales áreas metropolitanas en 48 estados, con concentraciones significativas en California, Florida y Texas.

• California: 22,500 puertos de carga
• Florida: 12,300 puertos de carga
• Texas: 8,700 puertos de carga

Sistemas de pago y aplicaciones móviles fáciles de usar

La aplicación móvil Blink admite 275,000 usuarios registrados a diciembre de 2023, con sistemas de pago integrados que procesan más de $ 15.6 millones en transacciones de carga mensualmente.

Módulo de aplicación móvil	2023 datos
Usuarios registrados	275,000
Volumen de transacción mensual	$ 15.6 millones

Blink Carding Co. (BLNK) - Modelo de negocio: relaciones con los clientes

Atención al cliente de la aplicación móvil

La aplicación móvil de Blink Carding proporciona canales directos de atención al cliente con las siguientes métricas:

Métrico	Valor
Descargas de aplicaciones móviles	Más de 500,000 a partir del cuarto trimestre 2023
Calificación promedio de la aplicación	4.2/5 en plataformas iOS y Android
Tiempo de respuesta de soporte al cliente	Promedio de 2 a 4 horas durante los días hábiles

Plataforma de gestión de cuentas en línea

Blink Cargo ofrece una gestión integral de cuentas en línea con estas características:

• Seguimiento de disponibilidad de la estación de carga en tiempo real
• Historial de pago y registros de transacciones
• Interfaz de gestión de membresía

Estadística de gestión de cuentas	Cantidad
Cuentas de usuario registradas	Aproximadamente 250,000 a partir de enero de 2024
Usuarios activos mensuales	Aproximadamente 135,000

Interfaces de la estación de carga de autoservicio

La carga de Blink proporciona interfaces fáciles de usar en las estaciones de carga:

• Sistemas de pago de pantalla táctil
• Autenticación de tarjeta RFID
• Aplicación móvil Escaneo del código QR

Función de interfaz	Estadística de implementación
Estaciones de carga totales	Más de 82,000 a partir del cuarto trimestre 2023
Estaciones con interfaces digitales	95% de la red total

Compromiso digital del cliente a través de las redes sociales

La carga de Blink mantiene la presencia activa de las redes sociales:

Plataforma social	Recuento de seguidores
LinkedIn	42,500 seguidores
Gorjeo	28,700 seguidores
Instagram	15,600 seguidores

Soporte técnico para los usuarios de la estación de carga

Infraestructura integral de soporte técnico:

Canal de soporte	Disponibilidad
Soporte telefónico	7:00 am - 9:00 pm EST, 7 días/semana
Soporte por correo electrónico	Respuesta 24/7 dentro de las 24 horas
Tiempo de resolución promedio	Menos de 48 horas para problemas técnicos

Blink Carding Co. (BLNK) - Modelo de negocio: canales

Ventas directas en línea a través del sitio web de la compañía

A partir del cuarto trimestre de 2023, la carga de Blink genera ventas en línea a través de www.blinkcharging.com con las siguientes métricas:

Canal de ventas en línea	Ingresos anuales	Tasa de conversión
Ventas directas del sitio web	$ 12.4 millones	3.2%
Ventas de la estación de carga EV	$ 8.7 millones	2.9%

Aplicación móvil para la ubicación y pago de la estación de carga

Estadísticas de aplicaciones móviles de Blink Network para 2023:

• Descargas totales de aplicaciones: 287,000
• Usuarios activos mensuales: 94,500
• Transacciones de pago: 1.2 millones
• Valor de transacción promedio: $ 14.30

Asociaciones minoristas con concesionarios automotrices

Métricas de red de asociación concesionario:

Tipo de asociación	Número de socios	Ingresos anuales
Instalaciones de concesionario EV	423	$ 17.6 millones
Socios de gestión de flotas	186	$ 9.3 millones

Propiedad comercial y residencial Ventas directas

Desglose de ventas de instalación de propiedades para 2023:

Tipo de propiedad	Instalaciones	Ganancia
Propiedades comerciales	1,247	$ 24.5 millones
Propiedades residenciales	876	$ 15.3 millones

Plataformas de marketing digital y publicidad en línea

Métricas de rendimiento de marketing digital:

• Gasto publicitario digital: $ 2.1 millones
• Tasa de conversión de Google ADS: 4.7%
• Tasa de compromiso de las redes sociales: 3.9%
• Tasa de apertura de marketing por correo electrónico: 22.6%

Blink Carding Co. (BLNK) - Modelo de negocio: segmentos de clientes

Dueños de vehículos eléctricos

A partir del cuarto trimestre de 2023, la carga de Blink atiende a aproximadamente 650,000 conductores EV registrados en los Estados Unidos.

Característica de segmento	Métrico
Total de propietarios de EV atendidos	650,000
Usuarios activos mensuales promedio	275,000
Cobertura geográfica	48 estados de EE. UU.

Operadores de flota comercial

Blink Cargo tiene asociaciones con más de 250 organizaciones de flotas comerciales.

Tipo de flota	Número de asociaciones
Flotas corporativas	135
Compañías de logística	65
Flotas de servicios públicos	50

Empresas de administración de propiedades

La carga de Blink ha instalado infraestructura de carga en 1.200 complejos de vivienda de unidades múltiples y propiedades comerciales.

• Propiedades totales con infraestructura de carga: 1.200
• Estaciones de carga promedio por propiedad: 3.5
• Estaciones de carga totales en el segmento de propiedades: 4.200

Organizaciones municipales y gubernamentales

El cobro de Blink tiene contratos con 85 entidades municipales y gubernamentales en todo Estados Unidos.

Nivel gubernamental	Número de contratos
Gobierno estatal	22
Gobierno municipal	53
Agencias federales	10

Proveedores de servicios de transporte y transporte

La carga de Blink admite la infraestructura de carga para 175 proveedores de servicios de transporte.

• Empresas de viaje compartido: 95
• Agencias de transporte público: 55
• Servicios de transporte del aeropuerto: 25

Blink Carding Co. (BLNK) - Modelo de negocio: Estructura de costos

Gastos de investigación y desarrollo

Para el año fiscal 2023, el cobro de Blink reportó gastos de I + D de $ 24.3 millones, lo que representa una inversión significativa en innovación tecnológica para la infraestructura de carga de vehículos eléctricos.

Año fiscal	Gastos de I + D	Porcentaje de ingresos
2023	$ 24.3 millones	32.4%
2022	$ 19.7 millones	28.6%

Fabricación de hardware de la estación de carga

Los costos de fabricación para las estaciones de carga de Blink incluyen material directo y gastos de producción.

• Costo promedio de fabricación por nivel 2 Estación de carga: $ 3,500
• Costo promedio de fabricación por DC Estación de carga rápida: $ 45,000

Instalación y mantenimiento de la infraestructura de red

La implementación y el mantenimiento de la infraestructura representan una parte sustancial de los gastos operativos de Blink.

Categoría de costos de infraestructura	Gasto anual
Costos de instalación	$ 12.6 millones
Mantenimiento de la red	$ 8.2 millones

Costos de marketing y adquisición de clientes

Blink Cargo asigna recursos significativos para marketing y expandir su base de clientes.

• Gastos de marketing para 2023: $ 7.5 millones
• Costo de adquisición de clientes por nuevo cliente comercial: $ 2,300
• Costo de adquisición de clientes por nuevo cliente residencial: $ 450

Salarios de empleados y sobrecarga operativa

El personal y los gastos operativos son componentes críticos de la estructura de costos de Blink.

Categoría de gastos	Costo anual
Salarios totales de los empleados	$ 32.1 millones
Sobrecarga operativa	$ 15.6 millones
Gastos operativos totales	$ 47.7 millones

Blink Carding Co. (BLNK) - Modelo de negocios: flujos de ingresos

Venta de hardware de la estación de carga

En 2023, Blink Cargo reportó ingresos por ventas de hardware de $ 31.4 millones. La compañía vende varios modelos de estación de carga EV con precios que van desde $ 2,000 a $ 45,000 por unidad dependiendo de las especificaciones.

Línea de productos de hardware	Precio unitario promedio	Volumen de ventas 2023
Cargadores residenciales	$2,500	4.200 unidades
Cargadores de nivel de nivel comercial 2	$15,000	1.800 unidades
DC cargadores rápidos	$45,000	650 unidades

Tarifas de la sesión de uso de la red y de carga

Blink generó $ 15.2 millones a partir del uso de la red de carga en 2023, con una tarifa promedio por sesión de $ 0.35 a $ 0.55 dependiendo de la ubicación y las tarifas de electricidad.

• Sesiones de carga total en 2023: 432,000
• Ingresos promedio por sesión de carga: $ 0.45
• Cobertura geográfica: 48 estados en los Estados Unidos

Servicios de carga basados ​​en suscripción

Los ingresos por suscripción alcanzaron los $ 5.6 millones en 2023, ofreciendo planes de membresía escalonados para usuarios de EV frecuentes.

Nivel de suscripción	Tarifa mensual	Recuento de suscriptores
Plan básico	$9.99	12,500
Plan premium	$24.99	6,200
Plan empresarial	$99.99	850

Contratos de instalación y mantenimiento

Los servicios de instalación y mantenimiento generaron $ 22.8 millones en ingresos durante 2023, con un valor de contrato promedio de $ 75,000 para instalaciones comerciales.

• Contratos de instalación total: 305
• Duración promedio del contrato de mantenimiento: 3 años
• Rango de valor de contrato de mantenimiento: $ 25,000 - $ 150,000

Acuerdos de asociación gubernamental y corporativa

Los ingresos por asociación totalizaron $ 41.3 millones en 2023, incluidos contratos del gobierno federal y estatal y proyectos de electrificación de flota corporativa.

Tipo de asociación	Ingresos totales	Número de acuerdos
Contratos del gobierno federal	$ 18.5 millones	12
Proyectos del gobierno estatal	$ 9.7 millones	24
Asociaciones de flota corporativa	$ 13.1 millones	18

Blink Charging Co. (BLNK) - Canvas Business Model: Value Propositions

You're looking at Blink Charging Co. (BLNK) as it pivots hard toward operational efficiency and recurring revenue streams, which is a key part of its value proposition right now. The focus is clearly shifting from just selling hardware to owning and operating the network that generates predictable income.

The company offers flexibility in how sites get equipped, which is a big draw for property owners. This is structured around a few core deployment options:

• Host-owned: Implies the host takes on the capital expenditure.
• Blink-owned: This model favors recurring revenues, where Blink incurs most costs.
• Hybrid options: Where Blink covers equipment, operations, and administration costs, sharing revenue with the host who makes the site ready.

Blink Charging Co. provides turnkey EV charging solutions designed to fit different site needs. For high-traffic, publicly accessible locations, the Blink Owned Turnkey model is offered, which includes monitoring and maintenance by Blink's 24/7 Network Operations Center (NOC) and driver support teams. Furthermore, they are launching new hardware, like the Shasta L2 chargers, specifically aimed at value segments such as fleet and multifamily properties.

A core value proposition is the shift to recurring, higher-margin charging services and network fees. This strategy is showing results, as third quarter service revenues grew 35.5% year-over-year to $11.9 million in Q3 2025. This growth is directly tied to increased charger utilization and the expansion of the owned and operated network.

The hardware itself is positioned as reliable and networked, covering both Level 2 and DC Fast charging capabilities. The strategic emphasis is on expanding the Blink-owned DC fast charger footprint because that supports the goal of generating predictable recurring cash flow through network fees and charging services.

The most concrete evidence of improved value delivery is the dramatic financial discipline shown in the third quarter of 2025. Management has been aggressively cutting costs, eliminating approximately $13 million of annualized operating expenses year-to-date. This focus on operational leverage is what drove the 87% sequential reduction in operating cash burn, landing at only $2.2 million for Q3 2025-the lowest level in more than three years.

Here's a quick look at the Q3 2025 financial snapshot that underpins this value proposition shift:

Metric	Q3 2025 Value	Context/Comparison
Total Revenues	$27.0 million	Up 7.3% year-over-year
Service Revenues	$11.9 million	Up 35.5% year-over-year
Gross Margin	35.8%	Improved sequentially
Product Gross Margin	~39%	Up approximately 700 basis points year-over-year
Operating Cash Burn	$2.2 million	Reduced 87% sequentially

The pivot to contract manufacturing, while retaining ownership of hardware and firmware design, is intended to maintain this margin profile and reduce overhead. Honestly, seeing the cash burn drop that significantly while service revenue is accelerating is the clearest signal of the intended value being delivered.

Blink Charging Co. (BLNK) - Canvas Business Model: Customer Relationships

You're looking at how Blink Charging Co. keeps its users and site hosts engaged, which is key since their business is shifting heavily toward recurring service revenue. Honestly, the relationship structure has to be layered to handle everyone from a single EV driver to a massive municipal fleet.

Dedicated account management for large Property Partners and fleets.

For your biggest customers-the large Property Partners and fleet operators-Blink Charging Co. assigns dedicated support. This isn't just about selling hardware; it's about managing long-term infrastructure deployment. The recent acquisition of Zemetric, Inc. in July 2025 specifically bolstered their tailored solutions for fleets, multi-family, and commercial applications, suggesting a focus on high-touch service for these complex accounts. A concrete example of a large-scale deployment relationship is the deal to provide 429 charging stations, totaling 723 plugs, for luxury residential properties through Power Design, which speaks to the scale of these partnerships.

Automated self-service via the Blink mobile app for EV drivers.

For the end-user, the relationship is almost entirely automated through the Blink Charging Mobile App, available on iOS and Android. This app is where drivers find chargers using improved search capabilities (by zip-code, city, or address) and handle payments, which eliminates the need for a physical credit card swipe. This self-service model is crucial for scaling without linearly increasing support staff. While we don't have a current active user count for late 2025, the growth in service revenue is a proxy for increased driver engagement; for instance, Service Revenues for the first six months of 2025 hit $22.3 million, a 38% increase year-over-year, showing more drivers are using the network. Also, network fees alone in Q2 2025 rose 55% to $3.0 million.

Long-term, contractual relationships with site hosts.

The stability of the network relies on locking in site hosts with long-term agreements. In the host-owned business model, the agreement with the Property Partner typically lasts seven years, with options for extensions that can stretch that relationship out to 21 years. This long duration is a significant commitment from both sides. Furthermore, securing large, multi-year public sector contracts solidifies this base; for example, the Sourcewell contract awarded in November 2025 is effective through September 18, 2029, and enables over 50,000 government, education, and nonprofit agencies to procure their solutions. It's about securing the real estate for the long haul. That's how you build a defensible network.

Customer support and maintenance services (extended warranty plans).

Beyond the initial sale or hosting agreement, Blink Charging Co. monetizes ongoing support through service offerings. They explicitly offer the Blink Care maintenance program and extended warranties for their chargers and services. The financial contribution from these services falls under Other Revenues, which includes warranty fees. In the second quarter of 2025, Other Revenues reached $2.4 million, up 47.0% year-over-year, suggesting growing uptake in these ancillary services. The focus on recurring revenue streams is clear, with Q2 2025 Service Revenues alone hitting $11.8 million, a 46% jump from Q2 2024.

Here's a quick look at the contractual commitments that underpin these relationships:

Relationship Metric	Data Point	Context/Date
Typical Property Partner Contract Term (Host-Owned)	7 years	As of latest filings (2025)
Maximum Contract Extension	21 years	As of latest filings (2025)
Sourcewell Contract End Date	September 18, 2029	Awarded November 2025
Agencies Enabled by Sourcewell Contract	Over 50,000	Awarded November 2025
Q2 2025 Other Revenues (Includes Warranty Fees)	$2.4 million	Q2 2025 Financials
H1 2025 Other Revenues (Includes Warranty Fees)	$4.2 million	First Six Months of 2025

The company is clearly pushing for stickiness, using long contracts for hosts and an app-centric, service-driven model for drivers. If onboarding takes 14+ days, churn risk rises, so the efficiency of the app is defintely a key operational metric you should watch.

Blink Charging Co. (BLNK) - Canvas Business Model: Channels

You're looking at how Blink Charging Co. gets its charging hardware and services into the hands of EV drivers and site hosts as of late 2025. The channel strategy is clearly bifurcated between direct engagement for large-scale deployments and digital/partner channels for broader reach.

Direct sales force targeting commercial and municipal property owners

The direct sales effort is focused on securing the high-value, often long-term contracts that drive recurring service revenue. This channel is critical for expanding the company-owned network and securing fleet/municipal contracts. The success of this channel is reflected in the overall network growth and service revenue performance.

By the end of Q3 2025, Blink Charging Co. had grown its company-owned charger count to support a record delivery of 49 gigawatt hours (GWh) of energy in that quarter alone, marking a 66% year-over-year increase in energy dispensed. Furthermore, the focus on high-value deployments is evident in the U.S. DC fast charging segment, where revenues increased over threefold compared to Q1 2024. Service Revenues, which are a direct result of these installed assets and network usage, reached $11.9 million in Q3 2025.

Online sales and distribution for residential and small business chargers

While specific revenue breakdowns for purely online residential sales aren't itemized, the product sales channel is clearly undergoing a strategic shift. The company is moving away from purely high-volume product sales toward higher-margin service revenue streams. The company owned 7,091 chargers at the end of Q1 2025. The introduction of the Zemetric acquisition is aimed at filling gaps in the value-priced charger segment for fleet and multifamily customers, with volume production anticipated in October 2025.

Blink mobile app and website for EV driver access and payment

The digital interface is the primary touchpoint for drivers using the network, directly feeding the service revenue stream. The company's overall Service Revenues, which include repeat charging service revenues, grew to $34.2 million for the first three quarters of 2025, a 36.9% increase over the prior year period. This utilization is managed through the proprietary, cloud-based software that operates, maintains, and tracks the charging stations.

Government procurement channels via the Sourcewell contract

This channel streamlines access to the public sector, bypassing lengthy individual procurement processes. Blink Charging Co. secured a significant competitively solicited contract with Sourcewell, effective through September 18, 2029, with options for three one-year extensions. This agreement immediately opens access to procure Blink's solutions for more than 50,000 government, education, and nonprofit agencies. The contract covers both networked and non-networked EV charging hardware, installation, maintenance, and network management software.

Strategic partnerships for co-marketing and deployment

Partnerships are used to accelerate deployment, enhance product offerings, and access specific market segments. The company has established key strategic alliances across numerous location types, including parking facilities, workplaces, schools, and transportation hubs. A notable recent example is the collaboration with Create Energy to launch a turnkey NanoGrid™ solution, which combines energy storage with EV charging infrastructure to enhance reliability. The acquisition of Zemetric, Inc., also represents a strategic move to integrate tailored solutions for fleet and multifamily applications directly into the sales channel.

Here's a quick look at the scale of the service revenue driven through these channels:

Metric	Amount/Rate (Latest Available)	Period/Date
Q3 2025 Total Revenue	$27.0 million	Q3 2025
Q3 2025 Service Revenues	$11.9 million	Q3 2025
Service Revenues YoY Growth	35.5%	Q3 2025
Total Energy Delivered	49 GWh	Q3 2025
Sourcewell Contract End Date	September 18, 2029	Effective Date
Sourcewell Eligible Agencies	50,000+	As of November 2025

The company is defintely prioritizing the recurring revenue channels, as seen by the 35.5% growth in service revenue in Q3 2025, while total revenue was up 7.3%.

Blink Charging Co. (BLNK) - Canvas Business Model: Customer Segments

You're looking at the core groups Blink Charging Co. serves as of late 2025. The focus has clearly shifted to recurring revenue, which means the end-users and site hosts are the most critical segments now.

Commercial Property Owners (retail, hotels, parking lots)

This segment is key to the owner-operator model, which is gaining traction. Blink Charging Co. had 7,091 Blink owned/operated chargers as of the first quarter of 2025, a 22% year-over-year increase in that owned base. Agreements with Property Partners typically last nine years, with extensions possible up to 27 years. The growth in energy disbursed on Blink networks to approximately 49 GWh in the third quarter of 2025 reflects activity across these sites.

Municipalities and Public Sector Entities (government fleets, public parking)

Blink Charging Co. actively pursues federal, state, and international funding opportunities for EV charging infrastructure development in all 50 states. The company completed grant projects in Maryland, New Jersey, Florida, and Delaware, increasing its DCFC footprint along the East Coast. Revenue from Blink owned/operated U.S. DC chargers showed an impressive 341% year-over-year growth in the first quarter of 2025, suggesting strong public sector or high-utilization commercial uptake.

Multi-family Residential and Condo Associations

This segment is explicitly targeted by the solutions from Zemetric, Inc., which Blink Charging Co. acquired subsequent to the second quarter of 2025. As of December 31, 2024, the network included 691 residential chargers deployed on Blink Networks, though this number is likely growing as this segment is a focus area.

EV Drivers (the end-users of the charging service)

These users drive the service revenue. Third quarter 2025 service revenues, which include repeat charging service revenues, hit $11.9 million, marking a 35.5% year-over-year increase. This growth was driven by increased charger utilization. The total energy disbursed on Blink networks in Q3 2025 was approximately 49 GWh.

Commercial Fleets (logistics, ride-share, corporate vehicles)

The Series 9 40kW DC Fast Charger is specifically noted as working ideally for the fleet segment. The acquisition of Zemetric, Inc. post-Q2 2025 also brought tailored solutions for fleets. The growth in DC Fast Chargers on the network is a direct indicator of serving this segment, evidenced by the 341% year-over-year revenue growth from Blink owned/operated U.S. DC chargers in Q1 2025.

Here's a look at the top-line financial performance supporting these segments through the third quarter of 2025:

Metric	Value (Q3 2025)	Comparison/Context
Total Revenues	$27.0 million	7.3% Year-over-Year increase
Service Revenues	$11.9 million	35.5% Year-over-Year growth
Energy Disbursed	~49 GWh	For the third quarter of 2025
Network Fees Revenue	$2.9 million	23% Year-over-Year increase
Blink Owned/Operated Chargers	7,091	As of Q1 2025, a 22% YOY increase

The shift in focus is clear from the revenue mix:

• Service Revenues for the first three quarters of 2025 were $34.2 million, a 36.9% increase over the prior year period.
• Product Revenues for Q3 2025 were $13.035 million, down 3.1% year-over-year.
• The company is actively moving away from product sales toward recurring revenue streams.

The installed base as of the end of 2024 provides context for the network size these segments use:

• Total Contracted, Sold, or Deployed Chargers (as of 12/31/2024): 109,596 units.
• Chargers on Blink Networks (as of 12/31/2024): 87,500 units.
• Level 2 Commercial Chargers on Blink Networks (as of 12/31/2024): 61,625 units.

Finance: draft 13-week cash view by Friday.

Blink Charging Co. (BLNK) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving Blink Charging Co.'s operations as of late 2025. The cost structure is heavily influenced by the physical assets required to run the network and the ongoing effort to streamline overhead.

High capital expenditure for Blink-owned charging equipment deployment represents a significant upfront cost. For the full year 2025, the forecast for Capital Expenditure (CAPEX) stood at approximately $5.249, based on projections available in late 2025. This investment fuels the physical expansion of the Blink-owned asset portfolio, which is critical for growing service revenues.

Network operating costs (software, maintenance, electricity) fall under the broader umbrella of operating expenses. The company has shown significant progress in managing these costs. For the third quarter of 2025, total operating expenses were reported at $9.9 million. However, when adjusting for non-recurring items, the ongoing operational expense base is clearer. Adjusted operating expenses in Q3 2025 were $23.6 million when compared to an adjusted $27.9 million in Q3 2024, excluding certain non-cash charges. Furthermore, the company achieved a sequential reduction in operating cash burn to just $2.2 million in Q3 2025.

The focus on operational efficiency under the BlinkForward initiative has directly impacted overhead. Sales, General, and Administrative (SG&A) expenses, which are part of the total operating expenses, saw substantial cuts. As of September 30, 2025, Blink Charging had eliminated approximately $13 million in annualized operating expenses. This figure exceeded initial expectations for cost reductions set earlier in the year.

Research and Development (R&D) for new hardware and software is embedded within the operating expenses, though specific R&D line-item figures for Q3 2025 aren't explicitly broken out in the latest summaries. The company is still focused on product development, such as progressing toward the launch of the Shasta L2 Charger in Q4 2025.

Cost of Goods Sold (COGS) for hardware sales is managed through a strategic shift. Blink Charging initiated a transition to contract manufacturing to focus on its higher-margin service business. This focus on margin quality is evident in the product segment. The product gross margin for Q3 2025 increased approximately 700 basis points year-over-year to reach 39%. The overall company performance reflects this focus, with the Q3 2025 gross margin improving sequentially to 35.8%.

Here's a quick look at the key cost and margin metrics from the third quarter of 2025:

Metric	Amount (Q3 2025)	Context/Comparison
Total Revenues	$27.0 million	Up 7.3% Year-over-Year (YOY)
Gross Profit	$9.7 million	35.8% Gross Margin
Product Revenues	$13.035 million	Down 3.1% YOY
Product Gross Margin	39%	Up approximately 700 basis points YOY
Service Revenues	$11.863 million	Up 35.5% YOY
Reported Operating Expenses	$9.9 million	Compared to $97.3 million in Q3 2024
Adjusted Operating Expenses	$23.6 million	Compared to $27.9 million in Q3 2024 (excluding non-cash charges)
Operating Cash Burn	$2.2 million	87% reduction sequentially

The cost control efforts are clearly driving better unit economics, even if overall revenue growth is slower than some analysts hoped for. You can see the impact in the sequential improvements:

• Annualized operating expense savings achieved: $13 million.
• Sequential reduction in operating expenses (adjusted): 15%.
• Year-over-year reduction in operating expenses (adjusted): 26%.
• Non-recurring operating expenses incurred in Q3 2025: $3.0 million (not expected to reoccur).

Finance: draft 13-week cash view by Friday.

Blink Charging Co. (BLNK) - Canvas Business Model: Revenue Streams

You're looking at how Blink Charging Co. actually brings in the money, which is key to understanding their valuation right now. The revenue mix is definitely shifting, moving away from just selling boxes to making money from the service side. For the third quarter of 2025, the top-line breakdown looked like this, showing a clear pivot to recurring streams.

Revenue Category	Q3 2025 Amount (Millions USD)
Service Revenues	$11.9
Product Revenues	$13.0
Other Revenues	$2.1
Total Revenues	$27.0

Service Revenues, which hit $11.9 million in Q3 2025, are the focus for future stability. This stream includes repeat charging service revenues and, importantly, recurring network fees from host-owned chargers. That service revenue number was up 35.5% year-over-year, showing the utilization of their growing network is paying off. The energy disbursed on Blink networks in that quarter was approximately 49 GWh, which helps drive those service dollars.

Product Revenues, coming in at $13.0 million for the third quarter of 2025, actually saw a slight dip of 3.1% year-over-year. This is intentional, as management has been selective about projects to improve profitability, especially after initiating a transition to contract manufacturing. The product gross margin, however, improved by approximately 700 basis points year-over-year, reaching about 39%, which is what you want to see when product sales are being managed more tightly.

Other Revenues, which totaled $2.1 million in Q3 2025, were down from the prior year's comparable period. This category covers things like grants, rebates, and warranty fees. The decrease was partly due to a change in how warranty sales are recognized after outsourcing the extended warranty program to a third party at the start of the year, so you record only the net revenue now, not the full prior amount.

Looking at the full picture, the Company expects total revenue for the full-year 2025 to land around $113.8 million. That projection reflects the ongoing transformation toward a leaner, service-driven model, even with some project timing shifts noted in Europe for the quarter. It's a clear signal that the focus is on margin quality over sheer volume.

Finance: draft 13-week cash view by Friday.