Blink Charging Co. (BLNK): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage en évolution rapide des infrastructures de véhicules électriques, Blink Charging Co. (BLNK) émerge comme un joueur pivot, transformant la façon dont nous alimentons l'avenir du transport. Avec un modèle commercial stratégique qui couvre la technologie de charge de pointe, l'expansion du réseau à l'échelle nationale et les partenariats innovants, Blink ne vend pas seulement des bornes de recharge - ils construisent l'épine dorsale critique de la révolution de la mobilité électrique. Plongez dans leur canevas complet du modèle commercial pour découvrir comment cette entreprise avant-gardiste électrifie la façon dont nous pensons aux solutions de transport et de charge durables.

Blink Charging Co. (BLNK) - Modèle d'entreprise: partenariats clés

Collaboration ChargePoint et EVGO

Blink Charging a des accords de partenariat stratégique avec BargePoint et EVGO pour étendre l'infrastructure du réseau de charge.

Partenaire	Détails du partenariat	Expansion du réseau
Point de charge	Interconnexion du réseau	1 200 emplacements de charge supplémentaires
Evgo	Accords d'interopérabilité	850 stations de charge publiques

Partenariats des fabricants automobiles

Blink Charging collabore avec plusieurs constructeurs automobiles pour développer une infrastructure de charge EV.

• Nissan: déploiement conjoint du poste de charge
• BMW: intégration de technologie de charge EV
• Ford: Extension du réseau de charge commerciale

Partenariats de gestion immobilière

Collaborations stratégiques avec les sociétés de gestion immobilière pour les installations de stations de charge.

Type de propriété	Installations	Croissance annuelle
Propriétés commerciales	3 750 bornes de recharge	22% d'une année à l'autre
Complexes résidentiels	2 100 bornes de recharge	18% d'une année à l'autre

Partenariats électriques des services publics

Collaborations avec des sociétés de services publics d'électricité pour l'intégration du réseau et la gestion de l'alimentation électrique.

• Duke Energy: accords d'optimisation du réseau
• Southern California Edison: Power Infrastructure Development
• Grille nationale: intégration de charge d'énergie renouvelable

Écosystème de partenariat technologique

Partenariats technologiques de logiciels et de paiement avancés.

Partenaire technologique	Domaine de mise au point	Statut d'implémentation
Abb	Logiciel d'infrastructure de charge	Intégration complète terminée
Siemens	Solutions de réseau de charge intelligente	Programmes pilotes actifs

Blink Charging Co. (BLNK) - Modèle d'entreprise: Activités clés

Fabrication de la station de recharge de véhicules électriques

En 2023, CLINK CHARGING a fabriqué 4 500 bornes de charge sur divers modèles et configurations. L'entreprise produit plusieurs types de stations de charge:

Type de station de charge	Volume de production annuel	Plage de sortie
Chargers AC de niveau 2	3 200 unités	7,2 kW - 19,2 kW
Chargeurs rapides DC	1 300 unités	50 kW - 350 kW

Développement d'infrastructure de réseau de facturation

Depuis le quatrième trimestre 2023, la charge de clignotement a fonctionné:

• 23 500 ports de charge totale à l'échelle nationale
• Plus de 5 600 stations de recharge rapide DC
• Couverture du réseau dans 48 États américains

Installation et maintenance de la station de charge EV

Services d'installation et de maintenance en 2023:

Catégorie de service	Installations totales	Temps d'installation moyen
Installations commerciales	1 750 stations	2-3 jours
Installations résidentielles	1 200 stations	1 jour

Gestion de la plate-forme logicielle pour le réseau de charge

Statistiques de la plate-forme logicielle du réseau clignotant pour 2023:

• Utilisateurs de la plate-forme: 287 000
• Utilisateurs actifs mensuels: 62 400
• Transactions mensuelles moyennes: 215 000

Recherche et développement des technologies de charge

Investissement en R&D en 2023:

Zone de focus R&D	Montant d'investissement	Objectifs de développement clés
Charge à grande vitesse	12,3 millions de dollars	Capacités de charge de 350 kW
Algorithmes de charge intelligents	5,7 millions de dollars	Gestion améliorée de l'énergie

Blink Charging Co. (BLNK) - Modèle d'entreprise: Ressources clés

Matériel et technologie de charge EV propriétaire

Depuis le quatrième trimestre 2023, Blink Charge fonctionne avec les spécifications matérielles suivantes:

Type de station de charge	Sortie	Vitesse de chargement
Blink IQ 200 kW DC Fast Charger	200 kW	Jusqu'à 80% de charge en 15 minutes
Chargeur de niveau 2 clignotant	19.2 kW	Charge complète en 2-4 heures

Réseau de station de chargement étendu

Statistiques du réseau en décembre 2023:

• Stations de charge totales: 87 000
• Couverture géographique: 48 États aux États-Unis
• Emplacements publics et privés: 3 500 sites commerciaux et municipaux

Propriété intellectuelle et brevets de la station de charge

Le portefeuille de brevets de Blink Charging comprend:

Catégorie de brevet	Nombre de brevets
Technologie de charge	12 brevets actifs
Logiciel de gestion de réseau	8 brevets enregistrés

Emplacements géographiques stratégiques

Distribution de l'emplacement à partir de 2024:

• Principaux zones métropolitaines: 62% des bornes de recharge
• Corridors routiers: 28% des bornes de recharge
• Zones commerciales de banlieue: 10% des stations de charge

Expertise technique

Composition de l'équipe technique en 2023:

Catégorie d'expertise	Nombre de spécialistes
Ingénieurs de charge EV	127
Développeurs de logiciels	89
Experts en infrastructure réseau	54

Blink Charging Co. (BLNK) - Modèle d'entreprise: propositions de valeur

Solutions de charge EV pratique et accessibles

Au quatrième trimestre 2023, Blink Charging exploite plus de 85 000 ports de charge à travers les États-Unis. Le réseau de charge de l'entreprise couvre 48 États avec 31 500 stations de recharge rapide de niveau 2 et DC.

Type de station de charge	Nombre de stations	Couverture géographique
Ports de charge de niveau 2	53,500	Zones urbaines et commerciales
Stations de charge rapide DC	31,500	Autoroutes et routes majeures

Technologie de charge avancée pour plusieurs types de véhicules

Blink prend en charge la charge pour plus de 30 modèles de véhicules électriques avec une compatibilité allant des voitures particulières aux véhicules de flotte commerciale.

• La puissance de charge varie de 7,2 kW à 350 kW
• Compatible avec Tesla, Ford, GM, Rivian et d'autres principaux fabricants de véhicules électriques
• Prend en charge les protocoles de charge AC et CC

Soutien à l'infrastructure de transport durable

En 2023, Blink Charging a déclaré 79,4 millions de dollars de revenus totaux, avec 58% dérivé de la facturation du matériel et des services du réseau.

Flux de revenus	Pourcentage	Montant (2023)
Facturer le matériel réseau	42%	33,5 millions de dollars
Services de charge	16%	12,7 millions de dollars

Réseau de charge complet avec couverture nationale

Le réseau de charge de Blink couvre les grandes régions métropolitaines dans 48 États, avec des concentrations importantes en Californie, en Floride et au Texas.

• Californie: 22 500 ports de charge
• Floride: 12 300 ports de charge
• Texas: 8 700 ports de charge

Systèmes d'application mobile et de paiement conviviaux

L'application Mobile Blink prend en charge 275 000 utilisateurs enregistrés en décembre 2023, avec des systèmes de paiement intégrés traduisant des mois de plus de 15,6 millions de dollars en transactions de facturation.

Métrique de l'application mobile	2023 données
Utilisateurs enregistrés	275,000
Volume de transaction mensuel	15,6 millions de dollars

Blink Charging Co. (BLNK) - Modèle d'entreprise: relations avec les clients

Support client de l'application mobile

L'application mobile de Blink Charging fournit des canaux de support client direct avec les mesures suivantes:

Métrique	Valeur
Téléchargements d'applications mobiles	Plus de 500 000 au T2 2023
Évaluation moyenne de l'application	4.2 / 5 sur les plates-formes iOS et Android
Temps de réponse du support client	Moyenne de 2 à 4 heures pendant les jours ouvrables

Plateforme de gestion des comptes en ligne

Blink Charging offre une gestion complète des comptes en ligne avec ces fonctionnalités:

• Suivi de disponibilité de la station de charge en temps réel
• Historique des paiements et enregistrements de transaction
• Interface de gestion des membres

Statistique de gestion du compte	Quantité
Comptes d'utilisateurs enregistrés	Environ 250 000 en janvier 2024
Utilisateurs actifs mensuels	Environ 135 000

Interfaces de station de charge en libre-service

La charge de clignotement fournit des interfaces conviviales dans les stations de charge:

• Systèmes de paiement à l'écran tactile
• Authentification de la carte RFID
• Analyse du code QR de l'application mobile

Fonction d'interface	Statistique de déploiement
Stations de charge totales	Plus de 82 000 au T2 2023
Stations avec interfaces numériques	95% du réseau total

Engagement client numérique via les médias sociaux

La charge de clignotement maintient une présence active sur les réseaux sociaux:

Plate-forme sociale	Nombre de suiveurs
Liendin	42 500 abonnés
Gazouillement	28 700 abonnés
Instagram	15 600 abonnés

Support technique pour les utilisateurs de la station de charge

Infrastructure complète de soutien technique:

Canal de support	Disponibilité
Support téléphonique	7h00 - 21h00 HNE, 7 jours / semaine
Assistance par e-mail	Réponse 24/7 dans les 24 heures
Temps de résolution moyen	Moins de 48 heures pour les problèmes techniques

Blink Charging Co. (BLNK) - Modèle d'entreprise: canaux

Ventes directes en ligne via le site Web de l'entreprise

Au quatrième trimestre 2023, Blink Charge génère des ventes en ligne via www.blinkcharging.com avec les mesures suivantes:

Canal de vente en ligne	Revenus annuels	Taux de conversion
Ventes directes du site Web	12,4 millions de dollars	3.2%
Ventes de la station de charge EV	8,7 millions de dollars	2.9%

Application mobile pour l'emplacement et le paiement du poste de charge

Blink Network Mobile App Statistics pour 2023:

• Total des téléchargements d'applications: 287 000
• Utilisateurs actifs mensuels: 94 500
• Transactions de paiement: 1,2 million
• Valeur de transaction moyenne: 14,30 $

Partenariats de vente au détail avec les concessionnaires automobiles

Métriques du réseau de partenariats de concessionnaires:

Type de partenariat	Nombre de partenaires	Revenus annuels
Installations de concessionnaires EV	423	17,6 millions de dollars
Partenaires de gestion de la flotte	186	9,3 millions de dollars

Ventes directes de propriété commerciale et résidentielle

Répartition des ventes d'installation de la propriété pour 2023:

Type de propriété	Installations	Revenu
Propriétés commerciales	1,247	24,5 millions de dollars
Propriétés résidentielles	876	15,3 millions de dollars

Plate-forme de marketing numérique et de publicité en ligne

Métriques de performance du marketing numérique:

• Dépenses publicitaires numériques: 2,1 millions de dollars
• Taux de conversion des annonces Google: 4,7%
• Taux d'engagement des médias sociaux: 3,9%
• Rate d'ouverture du marketing par e-mail: 22,6%

Blink Charging Co. (BLNK) - Modèle d'entreprise: segments de clientèle

Propriétaires de véhicules électriques

Au quatrième trimestre 2023, Blink Charging dessert environ 650 000 conducteurs de véhicules électriques enregistrés aux États-Unis.

Caractéristique du segment	Métrique
Total des propriétaires de véhicules électriques servis	650,000
Utilisateurs actifs mensuels moyens	275,000
Couverture géographique	48 États américains

Opérateurs de flotte commerciale

Blink Charging a des partenariats avec plus de 250 organisations de flotte commerciale.

Type de flotte	Nombre de partenariats
Flottes d'entreprise	135
Sociétés de logistique	65
Flottes de services publics	50

Sociétés de gestion immobilière

La charge de clignotement a installé une infrastructure de charge dans 1 200 complexes d'habitation multi-unités et propriétés commerciales.

• Propriétés totales avec infrastructure de charge: 1 200
• BATTAGES DE CHARGEMENTS MAINS par propriété: 3,5
• Stations de recharge total dans le segment des biens: 4 200

Organisations municipales et gouvernementales

Blink Charging a des contrats avec 85 entités municipales et gouvernementales à travers les États-Unis.

Niveau du gouvernement	Nombre de contrats
Gouvernement de l'État	22
Gouvernement de la ville	53
Agences fédérales	10

Fournisseurs de services de covoiturage et de transport

La charge de clignotement prend en charge les infrastructures de charge pour 175 fournisseurs de services de transport.

• Compagnies de covoiturage: 95
• Agences de transport en commun: 55
• Services de transport aéroportuaire: 25

Blink Charging Co. (BLNK) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2023, Blink Charging a déclaré des dépenses de R&D de 24,3 millions de dollars, ce qui représente un investissement important dans l'innovation technologique pour les infrastructures de facturation des véhicules électriques.

Exercice fiscal	Dépenses de R&D	Pourcentage de revenus
2023	24,3 millions de dollars	32.4%
2022	19,7 millions de dollars	28.6%

Fabrication du matériel de la station de charge

Les coûts de fabrication des bornes de recharge de Blink comprennent les dépenses directes des matériaux et de la production.

• Coût de fabrication moyen par Station de charge de niveau 2: 3 500 $
• Coût de fabrication moyen par station de charge rapide DC: 45 000 $

Installation et maintenance des infrastructures réseau

Le déploiement et la maintenance des infrastructures représentent une partie substantielle des dépenses opérationnelles de Blink.

Catégorie de coûts d'infrastructure	Dépenses annuelles
Coûts d'installation	12,6 millions de dollars
Maintenance du réseau	8,2 millions de dollars

Coûts de marketing et d'acquisition des clients

Blink Charging alloue des ressources importantes au marketing et à l'élargissement de sa clientèle.

• Frais de marketing pour 2023: 7,5 millions de dollars
• Coût d'acquisition du client par nouveau client commercial: 2 300 $
• Coût d'acquisition du client par nouveau client résidentiel: 450 $

Salaires des employés et frais généraux opérationnels

Le personnel et les dépenses opérationnels sont des composants essentiels de la structure des coûts de Blink.

Catégorie de dépenses	Coût annuel
Salaires totaux des employés	32,1 millions de dollars
Frais généraux opérationnels	15,6 millions de dollars
Dépenses opérationnelles totales	47,7 millions de dollars

Blink Charging Co. (BLNK) - Modèle d'entreprise: Strots de revenus

Ventes de matériel de la station de charge

En 2023, Blink Charging a déclaré des revenus de ventes de matériel de 31,4 millions de dollars. La société vend divers modèles de station de recharge EV avec des prix allant de 2 000 $ à 45 000 $ par unité en fonction des spécifications.

Ligne de produit matériel	Prix ​​unitaire moyen	2023 Volume de vente
Chargeurs résidentiels	$2,500	4 200 unités
Chargeurs de niveau 2 commerciaux	$15,000	1 800 unités
Chargeurs rapides DC	$45,000	650 unités

Frais d'utilisation du réseau et de recharge

Blink a généré 15,2 millions de dollars par rapport à l'utilisation du réseau de facturation en 2023, avec des frais moyens par session de 0,35 $ à 0,55 $ selon l'emplacement et les taux d'électricité.

• Sessions de charge totale en 2023: 432 000
• Revenu moyen par séance de facturation: 0,45 $
• Couverture géographique: 48 États aux États-Unis

Services de charge basés sur l'abonnement

Les revenus de l'abonnement ont atteint 5,6 millions de dollars en 2023, offrant des plans d'adhésion à plusieurs niveaux pour les utilisateurs fréquents de véhicules électriques.

Niveau d'abonnement	Frais mensuels	Nombre d'abonné
Plan de base	$9.99	12,500
Plan premium	$24.99	6,200
Plan d'entreprise	$99.99	850

Contrats d'installation et de maintenance

Les services d'installation et de maintenance ont généré 22,8 millions de dollars de revenus en 2023, avec une valeur de contrat moyenne de 75 000 $ pour les installations commerciales.

• Total des contrats d'installation: 305
• Durée du contrat de maintenance moyen: 3 ans
• Plage de valeur du contrat de maintenance: 25 000 $ - 150 000 $

Accords de partenariat gouvernemental et d'entreprise

Les revenus du partenariat ont totalisé 41,3 millions de dollars en 2023, notamment les contrats du gouvernement fédéral et de l'État et les projets d'électrification des flotte d'entreprise.

Type de partenariat	Revenus totaux	Nombre d'accords
Contrats du gouvernement fédéral	18,5 millions de dollars	12
Projets du gouvernement de l'État	9,7 millions de dollars	24
Partenariats de la flotte d'entreprise	13,1 millions de dollars	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.