Blink Charging Deploys Advanced AI Modeling with Stable Auto to Increase Site Utilization and Efficiency
October 15 2024 - 9:15AM
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 a strategic agreement with Stable Auto to optimize
Blink’s charging network and contributions to EV infrastructure.
Stable provides AI-powered solutions to help
organizations strategically plan and operate EV charging networks.
By analyzing utilization trends from tens of thousands of public EV
chargers across the U.S., Stable’s software delivers insights that
help minimize deployment risks and manage profitability.
"This collaboration marks a significant
milestone in enhancing the accessibility and efficiency of our
charging solutions,” said Mike Battaglia, Chief Operating Officer
and CEO-Elect at Blink. “We have already experienced the staying
power of utilizing this platform. For example, we achieved a 34%
improvement in efficiency, increasing the net revenue across 60
locations. Blink has always maintained a ‘right charger, right
place, right time’ mindset, allowing us to proactively meet the
growing infrastructure demands of every kind of EV driver.”
Stable’s data-driven solutions will help Blink
provide its customers as well as EV drivers in general with a
number of network enhancements such as improved accuracy of the
Blink network app and partner mapping applications; more chargers
listed in outside apps; and more options for drivers to find a
charge.
“Like Blink, our mission at Stable is to
accelerate the widespread adoption of electric vehicles through the
swift and sustainable deployment of EV charging networks,” said
Stable CEO and cofounder Rohan Puri. “As EV adoption becomes more
and more prevalent, it’s essential that charger operating decisions
are grounded in data. We’re proud to support Blink as it works
toward meeting the increasing demands of the rapidly growing EV
infrastructure – providing more choices for drivers and giving
consumers the freedom to charge at the right time, place, speed,
and price.”
###
About Stable Auto
Stable Auto provides software that EV charging
companies use to place and operate their EV charging infrastructure
profitably. Built on more than four years of utilization data from
tens of thousands chargers, Stable’s software is helping charging
networks, infrastructure developers, and asset managers deploy and
operate over $5B worth of charging infrastructure. With Stable,
every company can have access to the data needed to place and
operate EV charging stations where drivers need them most. More at
www.stable.auto
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 ContactNipunika
CoePR@BlinkCharging.com305-521-0200 ext. 266
Stable Media ContactKrishna
Estevapress@stable.auto
Blink Investor Relations ContactVitalie
SteleaIR@BlinkCharging.com305-521-0200 ext. 446
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Nov 2024 to Dec 2024
Blink Charging (NASDAQ:BLNK)
Historical Stock Chart
From Dec 2023 to Dec 2024