The Illinois Government Is Betting On Blink Charging

October 30, 2024

•

x min read

Illinois wants to ramp up electric vehicle charging. And they’ve turned to Blink Charging to do it.

‍What’s happening:‍

Blink Charging (NASDAQ: BLNK) has been awarded $2M USD in new grant funding from the Illinois Environmental Protection Agency for the build out of new electric vehicle charging infrastructure

By the numbers:‍

The new $2M USD grant will establish 15 new electric vehicle charging stations across 5 different locations within Illinois
Blink is currently the 3rd largest provider of electric vehicle charging stations in the United States of America

Why it matters:‍

Publicly listed electric vehicle charging companies have been seeing a continual flow of non dilutive funding lately, with the United States Department of Energy pouring more than a billion dollars into EVgo (NASDAQ: EVGO) and ChargePoint (NYSE: CHPT) landing funding from the California government for new charging stations located near busy highways

Going deeper:‍

Blink Charging has been successfully scaling their operations beyond just the United States as well, recently surpassing more than 100,000 chargers sold or deployed globally

‍

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