Blink Charging’s (BLNK) Blink Mobility acquires Envoy Technologies

Blink Mobility, a subsidiary of Blink Charging (NASDAQ: BLNK), on Tuesday announced the acquisition of Envoy Technologies, Inc., a software and mobility service company offering shared electric vehicles as amenity for national real estate developers and owners.

Blink’s acquisition of Envoy, combined with its existing EV car-sharing service, and the recently awarded $7.5 million to develop an electric car-sharing programs in New Jersey, will create one of the largest all-electric car-sharing companies in the United States leveraging one of the most robust platforms in the industry.

“We are pleased to welcome Envoy into the Blink Mobility family and the opportunity it brings to take advantage of its experience in the EV car-sharing space and maintain and advance our mission to promote electrification of the nearly $13 billion projected car-sharing industry in the U.S.,” said Michael D. Farkas, the Executive Chairman of Blink Mobility and Chief Executive Officer at Blink Charging. “There continues to be tremendous opportunity among various communities, including inner city areas, for the need of clean, reliable, and accessible transportation.”

Since its inception by its founders Aric Ohana and Ori Sagie in 2017, Envoy has deployed over 300 electric vehicles at more than 150 multifamily properties and office buildings and installed more than 150 EV charging stations. The car-sharing service is offered across the United States, including in Florida, California, Oregon, Washington, New York and Illinois.

“We are excited to be joining Blink Mobility and to advance our mission in offering electric car-sharing as an amenity service to even more hotels, multifamily properties and workplaces around the country, showcasing Envoy’s innovative platform and technology,” said Aric Ohana, CEO at Envoy Technologies. Ohana added that “with Envoy’s vast experience in the electric car-sharing space and Blink Mobility’s depth of knowledge partnering with local municipalities and being a pioneer in the electric vehicle charging industry, we look forward to continue working with our strategic investors and partners, such as Douglas Elliman, Goodyear Ventures, and Shell Ventures, to continue to advance the electric car-sharing industry with Blink Mobility.”

Shares of BLNK are down 3.06% in afternoon trading on Tuesday.

By Michael Elkins | [email protected]

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