Charged EVs | Blink Charging acquires SemaConnect


Charging community operator Blink Charging has agreed to accumulate EVSE producer SemaConnect for $200 million. The deal will add an extra 13,000 chargers, 1,800 website host places, and greater than 150,000 registered members to Blink’s current footprint.

Blink says the acquisition will allow it to supply “full vertical integration, from R&D and manufacturing to charger possession and operation.”

Blink will profit from SemaConnect’s in-house R&D, {hardware} design, and manufacturing capabilities. SemaConnect’s manufacturing facility in Maryland will permit Blink to adjust to the Purchase American necessities of the Bipartisan Infrastructure Legislation, which is anticipated to make as much as $7.5 billion obtainable to fund public charging.

SemaConnect gives each Degree 2 and DC quick chargers, in addition to a charging-as-a-service program that gives a full package deal of charging options. Clients embrace CBRE, JLL, Hines, Greystar, Cisco Programs and Commonplace Parking.

Blink will incorporate SemaConnect’s chargers right into a single community developed by a joint engineering group. The addition of the SemaConnect {hardware} will speed up Blink’s enlargement throughout a number of markets, together with California, which now requires bank card performance.

“SemaConnect is a longtime and well-known EV charging firm with a confirmed monitor report of success, sturdy relationships with its website host companions in each the private and non-private sectors, and best-in-class technical capabilities,” mentioned Michael D. Farkas, founder and CEO of Blink Charging. “SemaConnect has a strong {hardware} product line-up which enhances Blink’s in depth software program product choices together with our multi-language and multi-currency community, permitting Blink to have an EV charging station for any location throughout greater than 20 nations.”

Supply: Blink Charging


Leave a Comment