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Blink Charging Inks Distribution Agreement with Ingram Micro

Sam Boughedda trader
Updated 17 Feb 2021

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Blink Charging (NASDAQ: BLNK)

Electric vehicle charging operator, Blink Charging (NASDAQ: BLNK) said on Wednesday that the company has entered into a US reseller agreement with Ingram Micro Inc.

The deal will enable Blink to market and sell its HQ 100 residential charging station to information technology services and products provider Ingram Micro’s US retailer ecosystem.

Blink’s HQ 100 Level 2 charging station is a residential Level 2 charging solution offering 30 amp charging.

The news follows on from Blink’s announcement on Tuesday of a cooperation agreement with Bisimoto engineering.

“With more EVs than ever entering the American markets in 2021, EV drivers will increasingly look for convenient and reliable ways to charge at home. This reseller agreement with Ingram Micro presents both companies with a unique opportunity to expand their customer base and meet the goal of mainstream EV adoption,” commented Brendan Jones, COO of Blink Charging.

The company’s shares closed 7.35% lower on Tuesday and have started Wednesday’s session at $47.50, down 0.31%

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.