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Blink Charging Enters Distribution Agreement with EV Transportation Services Inc

Sam Boughedda trader
Updated 20 Apr 2021

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Blink Charging

Blink Charging (NASDAQ: BLNK) announced n Tuesday that it has entered into a reseller agreement with ev Transportation Services Inc (evTS), an electric vehicle manufacturer focused on the essential services and urban mobility markets.

The agreement will see evTS distribute Blink’s EV charging equipment to fleet customers, along with its FireFly ESV essential services vehicle. It will pair Blink’s new IQ 200-M portable EV charger with the evTS FireFly and creates a fully-electric EV Roadside Assistance Vehicle solution.

“We believe the combination of Blink Charging’s experience and industry leadership in automotive charging technologies, and evTS’ experience in design and recent extension of the FireFly platform into new sectors, creates the perfect environment to strategically collaborate on several market opportunities,” commented evTS Chairman & CEO David Solomont.

Blink Vice President of Marketing Rebecca Gutierrez said: “This is an exciting development for Blink Charging, and the Auto Roundup event provided the perfect opportunity to showcase to the auto manufacturers how Blink is innovating to drive widespread EV adoption. The combination of Blink’s IQ 200-M and the versatile evTS FireFly ESV will play an important role in further reducing consumers’ fears of range anxiety.“

After closing Monday’s session down 7.3%, Blink’s share price has seen little movement premarket, up 0.06% at $33.77.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.