Electric vehicle charging station provider Blink Charging confirmed that it has entered into a five-year deal with Illinois’ Blessing Health System, during which time it will deploy 20 of its IQ 200 electric-vehicle (EV) chargers at a selection of four health care facilities.
As a result of this move, Blink Charging’s stocks rose by a massive 8.4% margin, closing at $28.25 on Tuesday evening. This breakthrough came just days after Blink Charging secured a deal with Burger King to provide the restaurant franchise with 26 electric vehicle chargers. Now, Blink’s charging network consists of over 23,000 stations globally.
As a result of its major business transactions, Blink Charging shares have more than doubled in value since a month ago. Since the start of this year, the Miami Beach-based company’s stocks have risen by more than 1,300%.
Blink Charging was not the only major player in the EV sector to pen a significant deal as of late. Direct rival ChargePoint is expected to become listed on the New York Stock Exchange by the end of this month. In addition, on Tuesday, the Alliance for Automotive Innovation (AAI) called for a series of steps to bolster the EV market and ease regulatory oversight of self-driving vehicles.
