Blink Charging (NASDAQ: BLNK) has announced the establishment of a £100 million Special Purpose Vehicle (SPV) to enhance EV charging infrastructure in the UK. The company has partnered with Axxeltrova Capital, a private equity firm specializing in digital infrastructure and renewable energy, as its first funding partner. The SPV will target projects eligible for UK’s Local Electric Vehicle Infrastructure (LEVI) funding and aims to attract additional investors to support the growth of EV charging networks. This initiative reflects Blink’s commitment to expanding accessible charging infrastructure while offering investors an opportunity to participate in the EV infrastructure market.
Blink Charging (NASDAQ: BLNK) ha annunciato la creazione di un Special Purpose Vehicle (SPV) da £100 milioni per migliorare l’infrastruttura di ricarica per veicoli elettrici nel Regno Unito. L’azienda ha collaborato con Axxeltrova Capital, una società di private equity specializzata in infrastrutture digitali e energie rinnovabili, come primo partner di finanziamento. Lo SPV si concentrerà su progetti eleggibili per il finanziamento dell’infrastruttura elettrica locale per veicoli (LEVI) del Regno Unito e mira ad attrarre ulteriori investitori per supportare la crescita delle reti di ricarica per veicoli elettrici. Questa iniziativa riflette l’impegno di Blink nell’espandere l’infrastruttura di ricarica accessibile, offrendo al contempo agli investitori l’opportunità di partecipare al mercato dell’infrastruttura per veicoli elettrici.
Blink Charging (NASDAQ: BLNK) ha anunciado la creación de un Vehículo de Propósito Especial (SPV) de £100 millones para mejorar la infraestructura de carga de vehículos eléctricos en el Reino Unido. La empresa se ha asociado con Axxeltrova Capital, una firma de capital privado especializada en infraestructura digital y energías renovables, como su primer socio de financiación. El SPV se centrará en proyectos elegibles para la financiación de la Infraestructura de Vehículos Eléctricos Locales (LEVI) del Reino Unido y tiene como objetivo atraer a más inversores para apoyar el crecimiento de las redes de carga de vehículos eléctricos. Esta iniciativa refleja el compromiso de Blink de ampliar la infraestructura de carga accesible, al tiempo que ofrece a los inversores la oportunidad de participar en el mercado de infraestructura de vehículos eléctricos.
블링크 차징 (NASDAQ: BLNK)는 영국 내 전기차 충전 인프라를 확장하기 위해 £1억의 특별목적법인(SPV)을 설립한다고 발표했습니다. 이 회사는 디지털 인프라와 재생 에너지에 특화된 사모펀드인 Axxeltrova Capital와 협력하여 첫 번째 자금 파트너가 되었습니다. SPV는 영국의 지역 전기차 인프라(LEVI) 자금 지원을 받을 수 있는 프로젝트를 대상으로 하며, 전기차 충전 네트워크의 성장을 지원할 추가 투자자들을 유치하는 것을 목표로 하고 있습니다. 이 이니셔티브는 블링크가 접근 가능한 충전 인프라를 확장하려는 의지를 반영하며, 투자자들에게 전기차 인프라 시장에 참여할 기회를 제공합니다.
Blink Charging (NASDAQ: BLNK) a annoncé la création d’un véhicule à usage spécial (SPV) de 100 millions de £ pour améliorer l’infrastructure de recharge des véhicules électriques au Royaume-Uni. L’entreprise s’est associée à Axxeltrova Capital, une société de capital-investissement spécialisée dans l’infrastructure numérique et les énergies renouvelables, en tant que premier partenaire financier. Le SPV se concentrera sur des projets éligibles au financement de l’infrastructure locale de véhicules électriques (LEVI) au Royaume-Uni et vise à attirer des investisseurs supplémentaires pour soutenir la croissance des réseaux de recharge pour véhicules électriques. Cette initiative reflète l’engagement de Blink à étendre une infrastructure de recharge accessible tout en offrant aux investisseurs l’opportunité de participer au marché de l’infrastructure des véhicules électriques.
Blink Charging (NASDAQ: BLNK) hat die Gründung eines £100 Millionen Special Purpose Vehicle (SPV) bekannt gegeben, um die Ladeinfrastruktur für Elektrofahrzeuge im Vereinigten Königreich zu verbessern. Das Unternehmen hat sich mit Axxeltrova Capital, einer Private-Equity-Firma, die auf digitale Infrastruktur und erneuerbare Energien spezialisiert ist, als ersten Finanzierungspartner zusammengetan. Das SPV wird Projekte anvisieren, die für die lokale Elektrofahrzeuginfrastruktur (LEVI) des Vereinigten Königreichs förderfähig sind, und zielt darauf ab, weitere Investoren zu gewinnen, um das Wachstum der Ladeinfrastruktur für Elektrofahrzeuge zu unterstützen. Diese Initiative spiegelt das Engagement von Blink wider, zugängliche Ladeinfrastruktur auszubauen und gleichzeitig Investoren die Möglichkeit zu bieten, am Markt für Elektrofahrzeuginfrastruktur teilzunehmen.
Positive
- Secured £100 million funding vehicle for EV infrastructure expansion
- Partnership with specialized private equity firm Axxeltrova Capital
- Projects eligible for UK government LEVI funding subsidies
- Structure allows for additional investor participation and capital raising
Negative
- Agreements still in early stages and not yet formalized
Insights
The establishment of a
The partnership with Axxeltrova Capital adds credibility to the initiative, potentially attracting additional institutional investors. The focus on UK’s LEVI-eligible projects provides a clear path to government-supported revenue streams, reducing investment risk. However, investors should note that the agreements are still being formalized and actual deployment timelines remain uncertain.
The SPV structure is particularly well-suited for EV charging infrastructure development, offering several advantages over traditional financing methods. By targeting LEVI-eligible projects, Blink positions itself to capture a significant share of the UK’s rapidly growing EV market while minimizing capital risk. The owner-operator model ensures long-term recurring revenue potential from both charging fees and maintenance services.
The
Blink Charging is launching a
Bowie, Md., Nov. 05, 2024 (GLOBE NEWSWIRE) — Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, has announced the establishment of a Special Purpose Vehicle (SPV) aimed at enhancing EV charging infrastructure in the UK and beyond. This innovative initiative, spearheaded by Blink, will facilitate deploying significant funding to support the growth of the EV sector’s owner-operator model. Blink has engaged Axxeltrova, a private equity firm specializing in digital infrastructure, renewable energy, and sustainable investments, to join Blink as the SPV’s first funding partner.
With a
“We are thrilled to lead this initiative by establishing our first SPV, reflecting Blink’s commitment to expanding EV infrastructure and supporting the transition to electric mobility,” said Mike Battaglia, CEO-Elect of Blink Charging. “While we are in the early stages and agreements are still being formalized, the potential for growth in the EV sector is unmistakable. We invite other investors to join us in this exciting opportunity to shape the future of electric mobility.”
Miko de Haan, President of Blink Europe & Emerging Markets, adds, “Partnering with investors such as Axxeltrova, which brings deep financial expertise in tech investments, positions us to provide a unique and impactful contribution to meeting the needs of EV infrastructure across the UK and beyond.”
The SPV targets projects eligible for subsidies through the UK’s Local Electric Vehicle Infrastructure (LEVI) funding.
“Axxeltrova is excited to collaborate with Blink to support the launch of this SPV, marking a significant step forward in advancing the EV charging landscape,” stated Rick Phillips , Managing Partner. “It is rewarding to be a part of meaningful progress in developing the essential infrastructure for electric vehicles, addressing the steadily increasing demand.”
##
About Axxeltrova Capital
Axxeltrova Capital is a leading private equity firm specializing in transformative investments across digital infrastructure, renewable energy, and sustainable initiatives. We focus on driving innovation and long-term value in critical sectors, including next-generation EV charging infrastructure. We are committed to fostering sustainable growth while delivering superior returns to our investors by partnering with visionary companies at the forefront of technological and environmental advancement.
For more information, please visit https://axxeltrova.com/
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to transition to electric transportation through innovative charging solutions easily. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
For more information, please visit https://blinkcharging.com/
Blink Media Contact
Nipunika Coe
PR@BlinkCharging.com
305-521-0200 ext. 266
Blink Investor Relations Contact
Vitalie Stelea
IR@BlinkCharging.com
305-521-0200 ext. 446
FAQ
What is the size of Blink Charging’s (BLNK) new Special Purpose Vehicle?
Blink Charging’s new Special Purpose Vehicle has an initial funding goal of £100 million.
Who is Blink Charging’s (BLNK) first funding partner for the UK SPV?
Axxeltrova Capital, a private equity firm specializing in digital infrastructure and renewable energy, is Blink’s first funding partner for the SPV.
What is the purpose of Blink Charging’s (BLNK) new SPV in the UK?
The SPV aims to enhance EV charging infrastructure in the UK by deploying significant funding to support the growth of the EV sector’s owner-operator model.
What government funding is Blink Charging’s (BLNK) UK SPV eligible for?
The SPV targets projects eligible for subsidies through the UK’s Local Electric Vehicle Infrastructure (LEVI) funding.