Blink Charging and Axxeltrova Capital Agree to Pursue 拢100 Million Special Purpose Vehicle to Enhance LEVI Projects Across the UK
Blink Charging (NASDAQ: BLNK) has entered into a non-binding term sheet with Axxeltrova Capital to establish a 拢100 million Special Purpose Vehicle (SPV) aimed at expanding EV charging infrastructure across the UK. The SPV will finance and own Blink chargers, which Blink will install, operate, and maintain on its network.
The collaboration, aligned with Blink's BlinkFORWARD program, will leverage the Local Electric Vehicle Infrastructure (LEVI) initiative to support local authorities in deploying public charging stations. Alex Calnan, Blink's new Managing Director of Europe, will oversee the project, which focuses on capital efficiency and non-dilutive financing to drive profitability.
Blink Charging (NASDAQ: BLNK) ha stipulato un term sheet non vincolante con Axxeltrova Capital per creare un Special Purpose Vehicle (SPV) da 100 milioni di sterline con l'obiettivo di espandere l'infrastruttura di ricarica per veicoli elettrici nel Regno Unito. Lo SPV finanzier脿 e sar脿 proprietario dei caricabatterie Blink, che Blink installer脿, gestir脿 e manterr脿 nella sua rete.
La collaborazione, in linea con il programma BlinkFORWARD di Blink, sfrutter脿 l'iniziativa Local Electric Vehicle Infrastructure (LEVI) per supportare le autorit脿 locali nell'installazione di stazioni di ricarica pubbliche. Alex Calnan, nuovo Managing Director di Blink per l'Europa, supervisioner脿 il progetto, che punta all'efficienza del capitale e a un finanziamento non diluitivo per aumentare la redditivit脿.
Blink Charging (NASDAQ: BLNK) ha firmado una hoja de t茅rminos no vinculante con Axxeltrova Capital para establecer un Veh铆culo de Prop贸sito Especial (SPV) de 拢100 millones destinado a expandir la infraestructura de carga de veh铆culos el茅ctricos en el Reino Unido. El SPV financiar谩 y ser谩 propietario de los cargadores Blink, que Blink instalar谩, operar谩 y mantendr谩 en su red.
La colaboraci贸n, alineada con el programa BlinkFORWARD de Blink, aprovechar谩 la iniciativa Local Electric Vehicle Infrastructure (LEVI) para apoyar a las autoridades locales en el despliegue de estaciones de carga p煤blicas. Alex Calnan, nuevo Director General de Blink para Europa, supervisar谩 el proyecto, que se centra en la eficiencia de capital y en financiamiento no dilutivo para impulsar la rentabilidad.
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Blink鞚� BlinkFORWARD 頂勲攴鸽灗瓿� 鞐瓣硠霅� 鞚措矆 順戨牓鞚� 歆�鞐� 鞝勱赴彀� 鞚疙攧霛�(LEVI) 鞚措媹靺旐嫲敫岆ゼ 頇滌毄頃� 歆�氚� 鞛愳箻 雼泊臧� 瓿店车 於╈爠靻岆ゼ 靹れ箻頃� 靾� 鞛堧弰搿� 歆�鞗愴暕雼堧嫟. 鞙犽熃 歆�鞐� 鞁犾瀯 毵る媹歆� 霐旊爥韯办澑 Alex Calnan鞚� 鞚� 頂勲鞝濏姼毳� 齑濌磩頃橂┌, 鞛愲掣 須湪靹标臣 牍勴潿靹濎劚 旮堨湹鞚� 韱淀暣 靾橃澋靹� 頄レ儊鞚� 氇╉憸搿� 頃╇媹雼�.
Blink Charging (NASDAQ : BLNK) a conclu une lettre d'intention non contraignante avec Axxeltrova Capital pour cr茅er un v茅hicule 脿 usage sp茅cial (SPV) de 100 millions de livres sterling visant 脿 茅tendre l'infrastructure de recharge des v茅hicules 茅lectriques au Royaume-Uni. Le SPV financera et poss茅dera les chargeurs Blink, que Blink installera, exploitera et entretiendra sur son r茅seau.
Cette collaboration, en accord avec le programme BlinkFORWARD de Blink, s'appuiera sur l'initiative Local Electric Vehicle Infrastructure (LEVI) pour aider les autorit茅s locales 脿 d茅ployer des stations de recharge publiques. Alex Calnan, nouveau directeur g茅n茅ral de Blink pour l'Europe, supervisera le projet, qui met l'accent sur l'efficacit茅 du capital et un financement non dilutif afin de favoriser la rentabilit茅.
Blink Charging (NASDAQ: BLNK) hat eine unverbindliche Absichtserkl盲rung mit Axxeltrova Capital unterzeichnet, um ein Special Purpose Vehicle (SPV) in H枚he von 100 Millionen Pfund zu gr眉nden, das den Ausbau der Ladeinfrastruktur f眉r Elektrofahrzeuge im Vereinigten K枚nigreich vorantreiben soll. Das SPV wird die Blink-Ladeger盲te finanzieren und besitzen, die Blink installieren, betreiben und warten wird.
Die Zusammenarbeit, die mit dem BlinkFORWARD-Programm von Blink abgestimmt ist, nutzt die Local Electric Vehicle Infrastructure (LEVI) Initiative, um lokale Beh枚rden bei der Einrichtung 枚ffentlicher Ladestationen zu unterst眉tzen. Alex Calnan, der neue Managing Director von Blink f眉r Europa, wird das Projekt leiten, das auf Kapitaleffizienz und nicht verw盲ssernde Finanzierung setzt, um die Rentabilit盲t zu steigern.
- None.
- Agreement is currently a non-binding term sheet, not final
- Project execution and profitability timeline uncertain
Insights
Blink's 拢100M SPV with Axxeltrova creates capital-efficient UK expansion opportunity while advancing profitability goals through the owner-operator model.
This non-binding agreement for a
The SPV's structure is strategically advantageous: Axxeltrova provides the capital while Blink maintains operational control, generating recurring revenue through installation, management, and maintenance services. This owner-operator model creates a sustainable revenue stream without requiring Blink to commit its balance sheet for hardware costs, effectively allowing faster scaling with reduced capital intensity.
The UK's LEVI (Local Electric Vehicle Infrastructure) program provides an important tailwind, as it specifically supports local authorities in developing charging networks鈥攃reating a ready market for Blink's services. With the UK government actively funding EV infrastructure development, this SPV positions Blink to capture significant market share in a government-backed growth sector.
While the term sheet remains non-binding, this approach aligns with broader industry trends where capital partnerships enable faster infrastructure deployment. For Blink, this represents potential acceleration toward profitability by expanding its installed base without proportional capital expenditure鈥攁 crucial development as the EV charging sector transitions from growth-at-all-costs to sustainable business models.
The Special Purpose Vehicle will enable acceleration of public EV charging infrastructure, leveraging support from the LEVI initiative.聽
London, UK, July 10, 2025 (GLOBE NEWSWIRE) -- 听(狈础厂顿础蚕: BLNK) (鈥淏link鈥� or the 鈥淐ompany鈥�), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that on June 20, 2025 it has entered into a non-binding term sheet with respect to the Company鈥檚 previously proposed 拢100 million Special Purpose Vehicle (SPV) with private equity firm Axxeltrova to support growth in EV charging development across the UK through the Local Electric Vehicle Infrastructure (LEVI) program.
The innovative Special Purpose Vehicle (SPV) will facilitate funding to support the growth of the EV sector鈥檚 owner-operator model. The SPV will be established to finance and own the Blink chargers, which Blink will install, operate, manage, and maintain on the Blink Network. Axxeltrova brings deep experience in sustainable infrastructure financing, focusing on energy transition assets.
鈥淭he collaboration between Blink and Axxeltrova will enable the acceleration of EV charging infrastructure deployment and development across the UK,鈥� said Alex Calnan, Blink鈥檚 newly appointed Managing Director of Europe. 鈥淭his SPV is projected to position us to provide a unique and impactful contribution to meeting the needs of EV infrastructure across the UK and beyond and further to demonstrate our commitment to supporting the transition to electric mobility.鈥�
The collaboration with Axxeltrova aligns with the Company鈥檚 BlinkFORWARD program, a pillar of which is a focus on capital efficiency and non-dilutive financing driving success towards profitability.
鈥淎xxeltrova is proud to establish this structure with Blink to support the expansion of accessible EV charging options for drivers throughout the UK. The SPV will allow these important projects to scale quickly while maintaining reliability, top-quality performance, and long-term sustainability,鈥� shared Rick Phillips, Managing Partner at Axxeltrova Capital.
The聽LEVI program聽was introduced to drive the expansion of EV charging networks throughout the UK by supporting local authorities in installing public charging station infrastructure. By bridging the gap between national net-zero goals and practical EV adoption, LEVI is designed to make sustainable transport more accessible and convenient for communities across the country.
Blink Charging continues to secure collaborations throughout the UK, working with local authorities, businesses, and property developers to provide customer-focused solutions and sustainable energy management for a cleaner transport future.
About Blink Charging
Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink鈥檚 principal line of products and services include Blink鈥檚 EV charging network (鈥淏link Network鈥�), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.
For more information, please visit
About Axxeltrova EV Infrastructure Fund
Axxeltrova鈥檚 EV Infrastructure Fund is a dedicated private equity vehicle investing in sustainable energy transition and electric vehicle charging infrastructure across the UK and Europe. Backed by Axxeltrova鈥檚 deep expertise in digital infrastructure and technology financing, the Fund partners with leading developers and technology providers to accelerate the rollout of reliable, accessible public charging networks that support national net zero ambitions. For more information, please visit .
Blink Media Contact
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FAQ
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