Blink Charging and Axxeltrova Capital Agree to Pursue £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 £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 finanzierà e sarà proprietario dei caricabatterie Blink, che Blink installerà, gestirà e manterrà nella sua rete.
La collaborazione, in linea con il programma BlinkFORWARD di Blink, sfrutterà l'iniziativa Local Electric Vehicle Infrastructure (LEVI) per supportare le autorità locali nell'installazione di stazioni di ricarica pubbliche. Alex Calnan, nuovo Managing Director di Blink per l'Europa, supervisionerà il progetto, che punta all'efficienza del capitale e a un finanziamento non diluitivo per aumentare la redditività.
Blink Charging (NASDAQ: BLNK) ha firmado una hoja de términos no vinculante con Axxeltrova Capital para establecer un Vehículo de Propósito Especial (SPV) de £100 millones destinado a expandir la infraestructura de carga de vehículos eléctricos en el Reino Unido. El SPV financiará y será propietario de los cargadores Blink, que Blink instalará, operará y mantendrá en su red.
La colaboración, alineada con el programa BlinkFORWARD de Blink, aprovechará la iniciativa Local Electric Vehicle Infrastructure (LEVI) para apoyar a las autoridades locales en el despliegue de estaciones de carga públicas. Alex Calnan, nuevo Director General de Blink para Europa, supervisará el proyecto, que se centra en la eficiencia de capital y en financiamiento no dilutivo para impulsar la rentabilidad.
Blink Charging (NASDAQ: BLNK)� Axxeltrova Capital� 비구속적 조건서를 체결하여 영국 전역� 전기� 충전 인프� 확장� 목표� 하 1� 파운� 규모� 특수목적법인(SPV)� 설립� 예정입니�. � SPV� Blink 충전기를 자금 조달하고 소유하며, Blink� 이를 설치, 운영 � 유지 관리할 것입니다.
Blink� BlinkFORWARD 프로그램� 연계� 이번 협력은 지� 전기� 인프�(LEVI) 이니셔티브를 활용� 지� 자치 단체가 공공 충전소를 설치� � 있도� 지원합니다. 유럽 지� 신임 매니� 디렉터인 Alex Calnan� � 프로젝트� 총괄하며, 자본 효율성과 비희석성 금융� 통해 수익� 향상� 목표� 합니�.
Blink Charging (NASDAQ : BLNK) a conclu une lettre d'intention non contraignante avec Axxeltrova Capital pour créer un véhicule à usage spécial (SPV) de 100 millions de livres sterling visant à étendre l'infrastructure de recharge des véhicules électriques au Royaume-Uni. Le SPV financera et possédera les chargeurs Blink, que Blink installera, exploitera et entretiendra sur son réseau.
Cette collaboration, en accord avec le programme BlinkFORWARD de Blink, s'appuiera sur l'initiative Local Electric Vehicle Infrastructure (LEVI) pour aider les autorités locales à déployer des stations de recharge publiques. Alex Calnan, nouveau directeur général de Blink pour l'Europe, supervisera le projet, qui met l'accent sur l'efficacité du capital et un financement non dilutif afin de favoriser la rentabilité.
Blink Charging (NASDAQ: BLNK) hat eine unverbindliche Absichtserklärung mit Axxeltrova Capital unterzeichnet, um ein Special Purpose Vehicle (SPV) in Höhe von 100 Millionen Pfund zu gründen, das den Ausbau der Ladeinfrastruktur für Elektrofahrzeuge im Vereinigten Königreich vorantreiben soll. Das SPV wird die Blink-Ladegeräte 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 Behörden bei der Einrichtung öffentlicher Ladestationen zu unterstützen. Alex Calnan, der neue Managing Director von Blink für Europa, wird das Projekt leiten, das auf Kapitaleffizienz und nicht verwässernde Finanzierung setzt, um die Rentabilität zu steigern.
- None.
- Agreement is currently a non-binding term sheet, not final
- Project execution and profitability timeline uncertain
Insights
Blink's £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—creating 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—a 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.
London, UK, July 10, 2025 (GLOBE NEWSWIRE) -- (ٴ: BLNK) (“Blink� or the “Company�), 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’s previously proposed £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’s 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.
“The collaboration between Blink and Axxeltrova will enable the acceleration of EV charging infrastructure deployment and development across the UK,� said Alex Calnan, Blink’s newly appointed Managing Director of Europe. “This 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.�
The collaboration with Axxeltrova aligns with the Company’s BlinkFORWARD program, a pillar of which is a focus on capital efficiency and non-dilutive financing driving success towards profitability.
“Axxeltrova 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,� shared Rick Phillips, Managing Partner at Axxeltrova Capital.
The LEVI program 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’s principal line of products and services include Blink’s EV charging network (“Blink Network�), 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’s 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’s 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 .
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