Blink Charging Raises $100M in Major Capital Round to Accelerate EV Infrastructure Expansion

Blink Charging Co. (Nasdaq: BLNK, BLNKW), a prominent player in the electric vehicle charging sector, has successfully wrapped up a substantial public equity offering, bringing in approximately $100 million in gross proceeds. The company sold 8.3 million shares at $12 per share, translating to roughly $95 million in net capital after underwriting costs—a significant war chest for scaling its EV charging network.

What the Numbers Mean

The funding scale demonstrates strong investor confidence in Blink Charging’s position within the rapidly expanding EV infrastructure market. With over 66,000 chargers already deployed globally, the company is leveraging this fresh capital to accelerate station rollouts and pursue strategic acquisitions. The capital injection arrives at a critical inflection point for the EV charging industry, where infrastructure gaps remain a key bottleneck for mainstream adoption.

Capital Allocation Strategy

According to the company, the proceeds will be deployed across three primary channels: accelerating the deployment of new EV charging stations across its networks, financing acquisitions of complementary technologies and charging service providers (including recent purchases like SemaConnect, EB Charging, Blue Corner, and BlueLA), and strengthening its balance sheet for operational needs.

This allocation strategy reflects Blink Charging’s growth-oriented approach—rather than hoarding cash, the company is doubling down on physical infrastructure expansion and strategic M&A to consolidate its competitive position in the fragmented EV charging market.

Market Context

The offering was anchored by Barclays as the lead underwriter, with H.C. Wainwright & Co., Roth Capital Partners, and ThinkEquity serving as co-managers. The underwriters also hold a 30-day option to purchase an additional 1.25 million shares, providing a buffer for demand oversubscription.

Blink Charging’s ability to raise this capital at $12 per share reflects investor appetite for pure-play EV infrastructure plays as governments worldwide accelerate EV adoption targets and corporate fleets transition to electric powertrains. The company’s networked charging model—enabling seamless charging across its global station ecosystem—positions it to capture growing demand from both individual EV owners and fleet operators.