When it comes to the electronic vehicle (EV) charging stations, one of the best ones you could find is, perhaps, Blink Charging. Indeed, you’ll find these recharge locations all through the US with ease.
With its headquarters in Florida, the company was founded in 1998 and now has offices in places like California and Arizona.
That said, this post will look into details about what Blink Charging is, how it makes money, and which companies are its competitors and alternatives. Keep reading to find out!
Blink Charging Overview
With the help of a cloud-based software called the Blink Network, Blink Charging provides equipment for EV connectivity and charging. This software tracks manages and operates EV charging stations along with its other associated data.
If you don’t already know, Blink Charging has property partners across several business sectors! Some of these include commercial and residential properties, workplaces, shopping malls, parking garages, and airports.
Indeed, the sole purpose of the foundation of the company was to meet the demands of EV users with some of the most innovative and advanced equipment the industry has ever seen!
With the operation and deployment of EV charging stations by the company globally, it won’t be long before people switch to EVs.
As it is, by 2015, the expected purchase of EVs is set to go as high as 10 million. With that in mind, the company aims to commit to its expanding network of EV charging in almost all locations.
The company also continually seeks to grow its presence in the industry by partnering with businesses and offering innovative products. Being the provider, operator, and market-leading owner of charging stations for EVs in the US, the team of employees only gets bigger and stronger.
Who founded Blink Charging?
An effective principal investor, Michael D. Farkos is the founder and CEO of Blink Charging. Founded in 1998, the company was founded with an aim to slow down the effects of climate change by reducing the gas emissions by vehicles.
As the world sees an increased rate of EVs, people, too, are getting more aware of how important they have become. As it is, global warming is a huge issue that has been hampering the globe.
So, the usage of EVs might be a sustainable alternative in comparison to the regular vehicles that require diesel or petrol for their function.
With the help of Blink Charging, you can get your car charged at any time! Of course, you’ll need to know where the nearest Blink Charging station is located. After all, the last thing you want is to be stranded in the middle of the road!
With operations heavily concentrated on the East and West coasts of America, these charging stations are both for commercial and residential usage.
How does the company make money?
Now, you must be wondering how actually does the company make money for it to become one of the top EV charging brands! Well, you should know that a substantial part of the company’s revenue comes from contracts with property owners, where you’ll find different charging stations situated.
Apart from that, the company manufactures its own charging stations and sells them to residential and commercial owners. This way, the company goes on to generate revenue.
During 2021’s fourth quarter, the company went on to generate revenue of $7.9 million. This was an increase of 224% in comparison to 2020’s fourth-quarter revenue.
Competitors and Alternatives
It wouldn’t be fair to say that the company doesn’t have any competitors or alternatives in the market, would it? After all, competition is what makes a company strive even harder to be the best!
That said, without further ado, let’s take a look at Blink Charging competitors and alternatives in detail below. Keep in mind that these are in no particular order or rating.
1. Tesla
One of the biggest competitors out there that gives a tough fight to Blink Charging has undeniably got to be Tesla! Founded in 2003 and headquartered in Palo Alto, this company was founded by Marc Tarpenning and Martin Eberhard. At present, the company is owned by Elon Musk.
With more than 4,5000 charging sites and 30,000 global superchargers, you can charge your Tesla EV even at home! Yes, we say EV Tesla because the company’s charging stations only cater to Tesla vehicles.
With the company’s wall connector equipment, you can now get to charge your car on any property: whether you’re a visitor, tenant, or homeowner!
With its free and automatic updates, the equipment ensures that you are provided with nothing but the best in terms of consistent performance and the latest features.
In 2021, Tesla’s total revenue was a whopping $53.8 billion, which was up by 70% compared to the previous year. As of April 2022, the company has more than 110,000 employees in all its locations.
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2. EVgo
Based in Los Angeles, EVgo is another force to be reckoned with! Indeed, this company is one of America’s largest EV fast-charging networks among the public. Founded by Cathy Zoi in 2010, as many as 130 million US residents live within a ten-mile drive of the company’s charging stations. That said, these stations cover more than 60 metropolitan cities in 30 states.
Affordable, reliable, and efficient, the company allows you to enjoy as many as three plans. These are EVgoPlus, EVgo Membership, and Pay As You Go. Undoubtedly, these plans offer you the best and most affordable rates you could ever find!
With an aim to protect the environment, EVgo uses 100% renewable energy, thereby making it even more practical and easy for people to choose EVs over normal vehicles.
Whether you’re at a high-traffic location, entertainment center, retail outlet, or grocery store, you’re bound to be able to fast charge your EV within a span of 15 to 30 minutes!
In its full-year in 2021, the company generated total revenue of $22.2 million, which was an increase of 52% in comparison to 2020. Additionally, the company has more than 264 employees.
3. NovaCHARGE
If you’re looking for high-quality coupled with cost-effectiveness and everlasting satisfaction, NovaCHARGE is the way to go! With easy-to-use tools, valuable data, and safe EV chargers, the company is well on its way to bringing about a change in the transportation evolution while also bringing about a sustainable world.
Founded in 2008 by Helda Rodriguez, the company is headquartered in Orlando. One of the best features the company provides users with is its mobile-friendly app, which makes it easy and simple for users to charge their vehicles quickly and efficiently within no time.
The company assures that these charging station pieces of equipment are made by fulfilling the industry standards while also delivering remote setup and diagnostics along with low operational costs.
4. ChargePoint
Previously known as Coulomb Technologies, ChargePoint was founded by Dave Baxter, Richard Lowenthal, Praveen Mandal, and Harjinder Bhade in 2007. Ten years later, the company has already taken over as many as 9,800 EV charging stations from General Electric!
Having formed the company with a mission to provide EV charging stations globally, it seems to have fairly succeeded thus far. In fact, these stations are now operational in as many as 14 countries apart from the US! So, you can only imagine how highly successful the founders have been in completing their mission.
One of the best features of ChargePoint’s charging stations is that you can use one account, which is accessible across Europe and North America! Further, the company’s network provides users with a combined portfolio of smooth experience, cloud services, and hardware.
With its flexible and intelligent charging solutions, you can bet all your demands will be met with these charging stations, no matter where you are- whether on the road, around town, at work, or at home.
During the fourth quarter of 2021, the company logged in total revenue of $80.7 million. This was a whopping increase of 90% in comparison to 2021’s fourth quarter. At present, the company has over 1,300 employees.
The same year itself, the company had deployed as many as 100 charging stations in Florida alone!
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5. EVBox
Founded by Huub Rothengatter and Bram van der Leur in 2010, EVBox has as many as 13 offices operating globally. Headquartered in Amsterdam, the company is known for its EV charging provision that comes with an all-in-one provision.
Whether you’re looking for services, software, or charging stations, you know you can rely on EVBox for your electric mobility without a doubt!
Compatible with all types of EVs, EVBox charging stations are located in commercial and residential areas and are easily accessible by everyone.
With its intelligent white-label and turn-key software, you can now optimize, manage, and track the infrastructure of your charging with ease.
With more than 350,000 charging ports available globally, the company has more than 20,000 business customers and more than 70 countries that are powered by its charging stations.
In 2021, the total sales revenue of EVBox was $145 million, and had more than 750 employees working at different company locations.
6. EO Charging
Another company that can’t be missed out on when it comes to EV charging stations is V-Charge. Founded by Charlie Jardine in 2014, the company was established with a motive to design smart energy technologies. Indeed, EO, which stands for Electricity Online, is the central idea behind the company’s goal.
Apart from developing software, manufacturing hardware, and providing charging services, the company also looks forward to creating an ecosystem where EO becomes the sole plug-in partner for all types of businesses!
Being one of Uber’s official EV charging partners, the company went on to partner with Amazon in 2021 to power its EV delivery vans in Ireland and the UK. Furthermore, in the same year, it went on to install more than 60,000 charging points in Scandinavia, Ireland, and the UK.
At present, the company’s estimated annual revenue is $10 million and has over 80 employees. Indeed, the company has grown significantly as its entry into the US has been met with significant growth and support.
7. Electrify America
Headquartered in Reston, Giovanni Palazzo is the CEO of Electrify America, another of the leading companies when it comes to charging stations. Founded in 2017, the company is a subsidiary of Volkswagen.
As of 2022, the company has gone on to install over 2,500 charging units in more than 800 locations in the US.
With its fast-charging capacity, you can expect to have your EV fully charged within no time. The best part is that you can easily download its mobile app, where you can end, track, or start your charging session through your Android or iOS phone.
You could also opt to become a member, where you can enjoy discounts with the various subscription plans available.
The company’s first-ever solar farm will be built in Southern California. This way, when users charge their EVs, the energy transmitted will be backed up by 100% renewable energy!
If you want, you could also go for the company’s home chargers, where you’ll be enabled to stop, start, or schedule the charging of your car with the app. This way, you can look forward to an efficient charging experience right at your home!
Whether you’re on the road, in a community, or at your workplace, you know you can rely on Electrify America for reliable and convenient EV chargers!
That said, the company went on to register as many as 1.45 million charging sessions in 2021. As for revenue generation, the company sees annual returns of $22.55 million.
Conclusion
So, there you have it- the top seven Blink Charging competitors and alternatives in full detail. Even though some of the companies listed here might not be compatible with all types of EVs or necessarily have charging stations installed, they are still fierce competitors in the industry and are forces to be reckoned with.
We hope all your queries have been met with this post, and you’ve had a great insight into all the best possible competitors and alternatives of Blink Charging.
