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, today
announced an agreement with Moberly Motors, a leading auto
dealership, and Electric Era, a designer and developer of AI-driven
and storage backed EV fast charging stations. The agreement is for
the deployment and installation of a PowerNode charging station
with three 240kW chargers at Moberly Motor’s dealership location in
Moberly, Mo.
Founded by former SpaceX engineers, Electric
Era’s PowerNode is a turnkey battery-backed EV fast charging
station designed for the rapidly growing EV market. Powered by
their real-time and AI-driven PowerNode-OS software, it
predicts load, monitors utility bills, and manages power to create
the highest performance and most economical charging station
experience. PowerNode’s battery quickly discharges to support
increased charging demand to lower the power consumption from the
grid. This results in a higher level of charging sessions per day
at a lower cost.
“Grid challenges and reliability are the
dominant forces that prevent premium EV fast charging on every
street corner in America. By selecting the PowerNode charging
station, Moberly solved these challenges at its brand-new
state-of-the-art facility in the heartland of America,” said Quincy
Lee, CEO and Founder of Electric Era.
Moberly plans to install three Blink 240kW DCFC
chargers and six 50–100amp Blink Level 2 (L2) chargers on site,
utilizing both AC and DC power that work within Electric Era’s
PowerNode charging station. The new station is expected to be
available to the public in November.
“As the EV market expands and the demand for
charging grows, it is important that the industry continues to
innovate and build reliable and efficient means of energy to keep
EVs charged and on the road,” said Jim Nemec, Chief Revenue Officer
at Blink Charging. “We look forward to more collaborative efforts
to deploy EV fast charging at car dealerships around the country
that suffer from grid challenges and high electricity costs.”
The agreement makes Moberly Motors the first
dealership to deploy PowerNode's charging station using only 150kW
of grid power and onsite energy storage to prevent grid upgrades,
saving time and lowering electricity costs. Moberly Motors has also
added fast charging to support its EV operations and to provide EV
drivers in their community with a reliable source of EV fast
charging.
As a leading auto dealership, Moberly Motors
understands the impact EVs are making in the market and plans to
continue to provide EV charging solutions to meet driver needs,
taking part in this growing segment of automotive sales. Located in
North Central Missouri at the Hwy Intersections of 24 & 63,
Moberly Motors will be installing some of the fastest chargers in
the area. The dealership is one of the few out-of-state Ford and
Chrysler Dealerships that will be able to sell, service, and charge
EVs.
###
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK), a global
leader in electric vehicle (EV) charging equipment, has contracted,
sold, or deployed nearly 78,000 charging ports worldwide, many of
which are networked EV charging stations, enabling EV drivers to
easily charge at any of Blink’s charging locations. Blink’s
principal line of products and services includes the Blink EV
charging network (“Blink Network”), EV charging equipment, EV
charging services, and the products and services of recent
acquisitions, including SemaConnect, Blue Corner, BlueLA and Envoy.
The Blink Network uses proprietary, cloud-based software that
operates, maintains, and tracks the EV charging stations connected
to the network and the associated charging data. With global EV
purchases forecasted to half of passenger cars sold in the US
by 2030, 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/.
Forward-Looking Statements
This press release contains forward-looking
statements as defined within Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements, and terms such
as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or
other comparable terms, involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the future. Those statements include statements regarding the
intent, belief or current expectations of Blink Charging and
members of its management, as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, including those
described in Blink Charging’s periodic reports filed with the SEC,
and that actual results may differ materially from those
contemplated by such forward-looking statements. Except as required
by federal securities law, Blink Charging undertakes no obligation
to update or revise forward-looking statements to reflect changed
conditions.
About Moberly Motors Company
Moberly Motors Company was established in 1943
by Russell T. Miller. Thomas D. Miller, Sr. operated the business
until his death in 1989. Dean Miller joined the business in 1974
and is the current President of the company. Nick Miller joined the
dealership, as the fourth generation, in 2007 and is currently
serving as General Manager. Moberly Motors moved from its origins
in downtown Moberly to its current location in 1965. In November of
2017, MMC opened its doors to a brand new, state of the art
facility. Moberly Motors is a franchised dealership consisting of
the Ford, Lincoln, Chrysler, Dodge, Jeep and RAM franchises, along
with the Moberly Motors Collision Center. In 2022, Moberly Motors
committed to becoming part of the Ford Model e Certified Elite EV
program along with the Stellantis LEV Readiness Program. This will
allow MMC to become one of the leading EV Ford and Chrysler
dealerships in the Midwest.
About Electric Era
Launched by former SpaceX engineers in 2019,
Electric Era Technologies’ mission is to enable the electrification
and decarbonization of the transportation industry by making EV
fast charging ubiquitous, reliable and affordable. Its proprietary
PowerNode EV charging stations and AI-driven software platform
deliver convenient, high-speed, electrical grid-friendly charging
at gas stations, convenience stores and quick service retailers
across the United States. Electric Era has raised $19M of venture
capital. Follow Electric Era Technologies on LinkedIn and X
(formerly Twitter) for the latest news and updates.
Blink Media ContactJon
MyersPR@BlinkCharging.com305-521-0200 ext. 266
Blink Investor Relations
ContactVitalie SteleaIR@BlinkCharging.com305-521-0200 ext.
446
Electric Era Media Contact:
Eric Schudiske eric@s2spr.com
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