Blink announces integration and rebranding of recently acquired SemaConnect India By Investing.com

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Blink announces integration and rebranding of recently acquired SemaConnect India

Published Mar 22, 2023 14:36

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Blink announces integration and rebranding of recently acquired SemaConnect India

BLNK

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By Michael Elkins

Blink Charging Co. (NASDAQ:BLNK) announced Wednesday the integration and rebranding of recently acquired SemaConnect India to Blink following its acquisition in June 2022.

“This is another milestone in the advancement of Blink’s global footprint. We are excited to have Blink Charging India as part of the Blink family and look forward to continuing across the APAC region with the Blink brand,” said Michael D. Farkas, Founder and CEO of Blink Charging. “As e-mobility continues to grow around the world it is necessary that we are meeting the unique charging needs of drivers and property owners and Blink Charging India will help meet those needs.”

The move follows Blink’s announcement of the company’s Series 3 product, designed specifically for two and three-wheeled EVs.

India is currently experiencing significant growth in EV sales, with forecasts of 12 million to 13M new two-wheel EVs and 1M new four-wheel EVs being sold annually by 2030.

SemaConnect India was acquired by Blink as part of its acquisition of SemaConnect Inc. that added nearly 13,000 EV chargers to Blink’s existing footprint, 3,800 site host locations, and more than 150,000 registered EV driver members.

Shares of BLNK are down 0.26% in afternoon trading on Wednesday.

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