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Blink Charging Shares Edge Higher After Bisimoto Cooperation Announcement

Sam Boughedda trader
Updated 16 Feb 2021

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Shares of electric vehicle charging firm Blink Charging (NASDAQ: BLNK) are gaining on Tuesday after the company announced its cooperation with Bisimoto Engineering to promote Blink as their charging solution of choice and support electric vehicle adoption in the US.

Bisimoto is a California based firm that creates, designs and modifies vehicles to convert gas-powered cars to electric powertrains. It is led by Bisi Ezerioha, CEO and Chief Engineer. The Company’s vehicles have been featured in BBC's “Top Gear,” “Fast & Furious,” Netflix's “Fastest Car” and “Hyperdrive,” “Jay Leno's Garage,” EA's “Need 4 Speed” franchise, and others.

“At Bisimoto Engineering, we believe the future is electric and we want to provide guilt-free, exhilarating mobility solutions for an emerging world. Prior to access to the Blink fast-charging capabilities, I had a bit of range anxiety with the K3V,” said Ezerioha.

Blink’s VP of Marketing, Rebecca Gutierrez, said: “The team at Bisimoto embodies the passion behind electric performance cars and the innovative spirit needed to work toward a greener future. We are excited to serve as their EV charging partner.”

Blink Charging shares jumped to highs of $53.23 following the announcement. They are currently priced at $52.72, up 2.51%.

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.