What changed in this filing

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Item 1. Business

2023-03-14 compared with 2022-03-16 · 435 added, 288 removed, 216 unchanged (77% of the section changed)

Charging Co., through its wholly-owned subsidiaries, is a leading owner, operator, and provider of electric vehicle (“EV”)

charging equipment and networked EV charging services in the rapidly growing U.S.

Charging Co., through its consolidated owned subsidiaries, is a leading manufacturer, owner, operator, and provider of electric vehicle (“EV”) charging equipment and networked EV charging services in the rapidly growing

and international markets for EVs.

Blink offers residential

and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types.

Blink’s principal

line of products and services includes its nationwide Blink EV charging network (the “Blink Network”) and Blink EV

charging equipment, also known as electric vehicle supply equipment (“EVSE”), and other EV-related services.

The Blink Network

is a proprietary, cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging

data, back-end operations, and payment processing.

The Blink Network provides property owners, managers, parking companies, and state

and municipal entities (“Property Partners”), among other types of commercial customers, with cloud-based services that enable

the remote monitoring and management of EV charging stations.

The Blink Network also provides EV drivers with vital station information,

including station location, availability, and fees (if applicable).

Blink offers residential and commercial EV charging equipment and services, enabling EV

drivers to recharge at various location types.

Blink’s principal line of products and services is its nationwide Blink

EV charging networks (the “Blink Networks”) and Blink EV charging equipment, also known as electric vehicle supply

equipment (“EVSE”), and other EV-related services.

The Blink Networks are a proprietary, cloud-based system that operates,

maintains and manages Blink charging stations and handles the associated charging data, back-end operations and payment

The Blink Networks provide property owners, managers, parking companies, and state and municipal entities

(“Property Partners”), among other types of commercial customers, with cloud-based services that enable the remote

monitoring and management of EV charging stations.

The Blink Networks also provide EV drivers with vital station information,

including station location, availability, and fees (as applicable).

order to capture more revenues derived from providing EV charging equipment to commercial customers and to help differentiate Blink in

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and the percentage of revenue shared.

our Blink-owned turnkey business model , Blink incurs the costs of the charging equipment and installation.

our Blink-owned turnkey business model , we incur the costs of the charging equipment and installation.

We own and operate

the EV charging station and provide connectivity of the charging station to the Blink Network.

the EV charging station and provide connectivity of the charging station to the Blink Networks.

In this model, which favors recurring

revenues, Blink incurs most costs associated with the EV charging stations;

thus, Blink retains substantially all EV charging revenues

revenues, we incur most costs associated with the EV charging stations;

thus, we retain substantially all EV charging revenues

after deducting network connectivity and processing fees.

our Blink-owned hybrid business model , Blink incurs the costs of the charging equipment while the Property Partner incurs

the costs of installation.

We own and operate the EV charging station and provide connectivity of the charging station to the Blink

In this model, the Property Partner incurs the installation costs associated

with the EV station;

thus, Blink shares a more generous portion of the EV charging revenues with the Property Partner after

deducting network connectivity and processing fees.

Typically, our agreement with the Property Partner lasts seven years with

extensions that can bring it to a total of up to 21 years.

our Blink-owned hybrid business model , we incur the costs of the charging equipment while the Property Partner incurs the

costs of installation.

We own and operate the EV charging station and provide connectivity to the Blink Networks.

In this model, the

Property Partner incurs the installation costs associated with the EV station;

thus, we share a more generous portion of the EV

charging revenues with the Property Partner generated from the EV charging station after deducting network connectivity and

processing fees.

Typically, our agreement with the Property Partner lasts five years with extensions that can bring it up to 15

our host-owned business model , the Property Partner purchases, owns and operates the Blink EV charging station and incurs

the installation costs.

Blink works with the Property Partner, providing site recommendations, connectivity to the Blink Network,

We work with the Property Partner by providing site recommendations, connectivity to the Blink Networks,

payment processing, and optional maintenance services.

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revenues after deducting network connectivity and processing fees.

our Blink-as-a-Service model , Blink owns and operates the EV charging station, while the Property Partner incurs the installation

The Property Partner pays to Blink a fixed monthly fee and keeps all the EV charging revenues after deducting network connectivity and processing fees

also operates a ride-sharing program through the Company’s wholly owned subsidiary, BlueLA Rideshare, LLC (“BlueLA”)

and the City of Los Angeles which allows customers the ability to rent electric vehicles through a subscription service.

part of Blink’s mission to facilitate the adoption of EVs through the deployment and operation of EV charging infrastructure

globally, we are dedicated to slowing climate change by reducing greenhouse gas emissions caused by road vehicles.

With the goal of leading

the build out of EV charging infrastructure and of maximizing Blink’s share of the EV charging market, we have established strategic

our Blink-as-a-Service model , we own and operate the EV charging station, while the Property Partner incurs the installation

The Property Partner pays us a fixed monthly fee for the service and keeps all the EV charging revenues after deducting network connectivity and processing fees.

Typically, our

agreement with the Property owner lasts five years.

also own and operate a ride-sharing program through our wholly owned subsidiary, BlueLA Rideshare, LLC (“BlueLA”), with

the City of Los Angeles.

The program allows customers the ability to rent electric vehicles through a subscription service and

charge those cars through our charging stations.

part of our mission to facilitate the adoption of EVs through the deployment and operation of EV charging infrastructure globally,

we are dedicated to slowing climate change by reducing greenhouse gas emissions caused by road vehicles.

With the goal of being a leader in the

build out of EV charging infrastructure and of maximizing our share of the EV charging market, we have established strategic

commercial, municipal and retail partnerships across industry verticals and encompassing numerous transit/destination locations, including

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hubs, and workplace locations.

2021, Blink was awarded several new prominent customers including General Motors, Ford, Jaguar-Land Rover, Hyundai, Kia, Subaru, AutoNation,

Berkshire-Hathaway Automotive, Bridgestone, the City of San Antonio, the Related Group, and others.

During 2020, Blink awarded several

new prominent customers, including Cushman & Wakefield, Reef Technology, Lehigh Valley Health, St.

Luke’s University Health

Network, Lion Electric, and several others that expand Blink’s potential for unit sales and deployments.

Commensurate with these

new business relationships, we also forged critical strategic relationships with organizations that directly or indirectly influence

EV charging stations purchase decisions.

Examples include Sustainable Westchester in New York and Clean Cities Organizations in Virginia,

Vermont and Ohio.

2021, Blink opened a new office in Noida, India, adjacent to New Delhi.

The new office adds to the Company’s expanding U.S.

to develop and innovate new software capabilities to better meet the needs of an evolving EV charging landscape, while also serving as

a key hub for operations serving the Asia Pacific and Middle East regions.

The new office in India is the first within the country for

Blink and is part of the Company’s strategic goal to grow the global engineering team and develop an operational hub to facilitate

expansion into new international regions.

of December 31, 2021, since our inception and excluding Blue Corner, we sold, deployed or acquired through acquisitions 20,684 chargers,

of which, 7,366 were connected to the Blink Network (4,611 Level 2 publicly accessible commercial chargers, 1,536 Level 2 private commercial

chargers, 91 DC Fast Charging EV publicly accessible chargers, 34 DC Fast Charging EV private chargers, and 1,095 residential Level 2

Blink EV chargers), 920 Level 2 chargers and 45 DC Fast Chargers are pending to be commissioned to the Blink Network, and the remaining

12,353 were non-networked, on other networks or international sales or deployments (159 Level 2 commercial chargers, 6 DC Fast Charging

chargers, 10,099 residential Level 2 Blink EV chargers, 1,034 sold to other US networks, 990 sold internationally and 64 deployed internationally).

addition, as of February 3, 2022, since its inception, our recently acquired subsidiary, Blue Corner, sold or deployed 11,677 independent

charge points, all of which were on Blue Corner’s network, which was comprised of 4,566 Level 2 publicly accessible commercial

independent charge points, 19 DC Fast Charging publicly assessable commercial independent charge points and 7,092 private L2, private

DC Fast Charging and private residential independent charge points.

The charger units reported herein are net of swap-out or replacement

market for plug-in electric vehicles experienced significant growth in recent years.

In response to consumer demands, electric cars now

feature extended ranges and improved performance.

Notable events in 2020 further propelled the EV industry.

Stay-at-home orders and the

resulting reductions in global carbon dioxide emissions showcased the potential of cleaner, lower-emission air quality worldwide.

technology advances have allowed EVs to achieve approximate cost parity with internal combustion engine vehicles and have extended

driving range and consumer confidence.

Finally, the new United States administration’s focus on climate initiatives and its large-scale

commitment to expanding EV charging infrastructure has spurred widespread interest and promotion of the EV industry.

vehicle demand has also been spurred by federal, state, and local incentives and rebates for both vehicles and their required charging

infrastructure.

For example, California, Oregon, New York, Maryland, Massachusetts, and other states have created mandates for EVs

to achieve more than 6.8 million EVs on the road by 2030.

Further, a shift towards EV car-sharing has boosted the transition

to EV fleets, leading to increased EV charging station demand.

In response to consumer demand and governmental regulations, major automakers

and OEMs have accelerated the development and production of a robust portfolio of electric vehicles.

More than 70 EV models are currently

available from automakers such as Tesla, Nissan, Kia, GM, Ford, Fiat, BMW, Mercedes-Benz, Audi, Volkswagen, Toyota, Mitsubishi, Land

Rover, and Porsche and an estimated 62 more are scheduled to become available in 2022.

The International Energy Agency projects

global EV sales to grow from 3 million vehicles in 2020 to about 25 million vehicles in 2030, a 24 percent compound

annual growth rate (“CAGR”) over this time period.

market demands well position Blink for rapid growth in its EV charging network, the number of its members, and its site host property

partners’ expansion.

Blink has been preparing for this high-growth environment through its planning initiatives, including securing

large national and international strategic partnerships and agreements, and further developing the Company’s technology.

strategic actions will help ensure the Company is well positioned to meet the growing infrastructure demand both in the United States

and globally.

In addition to meeting the required demand for EV charging infrastructure, Blink’s unique, owner-operator focused

business models help the Company significantly benefit from increased utilization as the industry expands through revenue share at Blink-owned

charging stations.

2022, we were awarded several new prominent customers including Mitsubishi, Cushman & Wakefield, Triple J, Q-Park, Best Buy,

UBS, Bosch Mexico, Porsche Puerto Rico and Guatemala, Veris Residential, Greystar, Cambium, and cities of Atlanta, Rockford, Newton,

Winslow, Leeds (UK) and others that expand our potential for unit sales and deployments.

Through acquisitions of SemaConnect and

Electric Blue (“Electric Blue”) in 2022, we acquired a number of prominent customers such as Walgreens, Olive Garden,

Dunkin Donuts, Kaiser Permanente, Hilton, Ritz-Carlton, and many others.

During 2021, we were awarded several prominent customers

including General Motors, Ford, Jaguar-Land Rover, Hyundai, Kia, Subaru, AutoNation, Berkshire-Hathaway Automotive, Bridgestone, the

City of San Antonio, the Related Group.

Commensurate with these new business relationships, we also forged critical strategic

relationships with organizations that directly or indirectly influence EV charging stations purchase decisions.

Examples include the

Florida Sheriff’s Association Cooperative, Illinois Region 1 Planning Council, AES El Salvador, and Vizient, which is the

largest member-driven healthcare performance improvement company in the United States, representing more than $130 billion in annual

purchasing volume.

2022, through the acquisitions of SemaConnect and Electric Blue, we added new offices in Bowie, Maryland and St.

Albans, United

Kingdom and manufacturing facilities in Bowie, Maryland and Bangalore, India.

These new office and manufacturing facilities add to

our expanding U.S.

and international capacity to develop and manufacture hardware and innovate new software capabilities to better

meet the needs of an evolving EV charging landscape, while also serving as a key hub for operations serving the Europe, Asia Pacific

and Middle East regions.

This expansion in footprint is within our strategic goal to grow our global engineering

teams and develop operational hubs to facilitate international expansion into new international regions.

of December 31, 2022, we sold or deployed 66,478 chargers, of which 50,167 were in the Blink Networks (31,320 Level 2 publicly accessible

commercial chargers, 17,613 Level 2 private commercial chargers, 199 DC Fast Charging EV publicly accessible chargers, 116 DC Fast Charging

EV private chargers, and 919 residential Level 2 Blink EV chargers, inclusive of 4,802 chargers pending to be commissioned).

in the Blink Networks are 4,851 chargers owned by us.

The remaining 16,478 were non-networked, on other networks or international

sales or deployments (937 Level 2 commercial chargers, 151 DC Fast Charging chargers, 11,611 residential Level 2 Blink EV chargers, 2,311

sold to other U.S.

networks, 1,221 sold internationally and 80 deployed internationally).

The charger units noted above are net of swap-out

or replacement units.

among the largest owner and operators of EV charging stations, we understand our corporate social responsibility and are committed

to making the world a cleaner, better place.

By focusing on the environmental, social, and governance risks and opportunities for

our business, we continue to strengthen our position in the EV industry as a value-adding and responsible service provider within

the ecosystem.

In maintaining sustainable procurement, we intend to persist in aligning ourselves with partners who also believe in

the betterment of society and use ethical business practices.

As our technology develops, we are devoted to creating recycling

programs to ensure that older products are repurposed.

market for plug-in electric vehicles experienced significant growth in recent years with EV adoption hitting an all-time high with 6%

in 2022 in U.S.

and growing 11% year over year.

We anticipate this to continue to grow in 2023, driven by new EVs being introduced to

the market as major automakers ramp up their production of EVs, and sales are expected to increase as the technology continues to improve

and prices come down.

adoption of EVs was also propelled by the “Stay-at-Home Orders” in 2020 and the resulting reductions in global carbon dioxide

emissions that showcased the potential of cleaner, lower-emission air quality worldwide.

addition, the advancements made in battery technology have allowed EVs to achieve approximate cost parity with internal combustion engine

vehicles and have extended driving range and consumer confidence moving the market away from range anxiety toward range confidence, creating

further consumer demand.

also are seeing the U.S.

Administration and private companies’ focus on climate initiatives and its large-scale commitment

and investment in developing and expanding the EV charging infrastructure making it easier for drivers to own and use EVs.

vehicle demand has also been spurred by government incentive and regulations at federal, state and local levels.

Government agencies

around the world are expected to continue providing incentives for the purchase of EVs, and regulations may be introduced to reduce emissions

and encourage the use of clean energy vehicles.

federal level, the Bipartisan Infrastructure Law is to provide $7.5 billion

for EV charging network across United States for both DCFC and Level 2 chargers.

At state level, California, Oregon, New York, Maryland,

Massachusetts among other states, have created mandates for EVs to achieve more than 6.8 million EVs on the road by 2030 and many states

provide additional EV incentives to consumers.

Further, a shift towards EV car-sharing has boosted the transition to EV fleets, leading

to increased EV charging station demand.

saw a revolution made towards EVs and 2023 does not look to slow down as original equipment manufacturers (OEMs) continue to actively

invest in research and development to speed up the production and deployment of EVs.

As governments around the world are providing incentives

and subsidies to promote the adoption of EVs, it is further fueling the growth of the industry.

The result is a rapidly expanding market for electric vehicles, with increasing numbers of models available and improved infrastructure

to support them.

In 2022, many auto manufacturers such as Mercedes, Ford and General Motors brought dozens of new electric vehicle models

to market and much of this production kicks into gear starting in 2023 and 2024.

Some estimates are that by 2025, there could be 74 different

electric vehicle models offered in North America as the number of EVs on U.S.

roads is now projected to reach 26.4 million in 2030.

a pioneer in the EV charging industry, we continue to lead as market demands for a robust charging infrastructure increase.

the only EV charging company to offer complete vertical integration from research and development and manufacturing to EV charger

ownership and operations.

This vertical integration creates unparalleled opportunities to control our supply chain and accelerate

our go-to-market speed while reducing operating costs.

We believe this opportunistically positions us to meet this demand both

domestically and globally.

EV Charging Solutions

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Charging Solutions

We offer Level 2 (AC) EV charging equipment, which is ideal for commercial and residential use, that has the standard J1772

connector, which is compatible with all major auto manufacturer electric vehicle models.

Our commercial Level 2 chargers consist

of the IQ 200 family which is available in pedestal wall mount and pole mount configurations.

The IQ 200 family provides an optional

cable management system with the ability to connect to our Blink Network.

Our non-networked residential product, Blink HQ 150, is

available in a wall-mount configuration and offers a delay start feature that allows users to optimize charging when utility rates

We offer a wide range of Level 2 (AC) EV charging equipment, ideal for commercial and residential use, with the North American standard J1772 connector, and Level 2 chargers with the Type 2 connector compatible with electric vehicles in Europe and across Latin America.

Our commercial Level 2 chargers consist of the EQ, MQ, and IQ 200 families and the Series 4, 6, 7, and 8 families, which are available in pedestal wall mount and pole mount configurations, and the all-new Vision.

The MQ and IQ 200 and the Series 6, 7, and 8 chargers offer an optional cable management system.

We also offer three residential Level 2 chargers for the Americas, the wall-mounted HQ 150, HQ 200, Series 4, and one smart charging cable, the newly announced PQ 150, for European markets.

Our commercial and residential chargers (except the non-networked HQ 150) can connect to the Blink Networks or a local network.

Level 2 charging stations typically provide a full charge in two to eight hours.

Level 2 chargers are ideally suited

for low-cost installations and frequently used parking locations, such as workplace, multifamily residential, retail and mixed-use,

parking garages, municipalities, colleges/schools, hospitals and airports.

January 2022, we announced the next generation of Level 2 chargers to enhance our offering for the residential and the Fleet multifamily

residential markets.

The HQ 200 Basic is a non-networked residential product and the HQ 200 Smart is a networked residential product.

The MQ 200 product is an ideal product for the Fleet and multifamily residential markets.

Blink offers the IQ 200-M Level 2 charger for the mobile/emergency charging market which requires a portable charger

Level 2 chargers are ideally suited for low-cost installations and frequently used parking locations, such as workplaces, multifamily residential, retail and mixed-use, parking garages, municipalities, colleges/schools, hospitals and airports.

International

We offer Level 2 AC and DC products for the rapidly expanding international markets targeted at the residential,

workplace, retail, parking garages, leasing companies, hospitality and other locations.

These products are available with the Type

2 and CCS 2 connectors and included the recently announced PQ 150, Series 3 (an ideal product for the 2/3-wheeled vehicles), and

We offer the IQ 200-M Level 2 charger for the mobile/emergency charging market which requires a portable charger

to be used for roadside or other use cases where a connection to the electricity grid is not available.

In January 2022, Blink launched its advertising and charging solution in one product.

This product, Vision IQ 200,

consists of static and dynamic advertising and Level 2 charge targeted at the retail, hospitality and high traffic locations.

Blink offers a complete line of DC Fast Charging equipment (“DCFC”) that range from 50kW to 175kW, support the ‘CHAdeMo’

and the CCS1 connector, and typically provide an 80% charge in less than 30 minutes.

Advertising Solution.

In January 2023, we announced an

enhanced advertising and charging solution in one product.

This product, Vision, consists of a striking 55” LCD screen capable

of static and dynamic advertising and Level 2 charger with two charging ports, targeted at the retail, hospitality and high traffic

We offer a complete line of DC Fast Charging equipment (“DCFC”) that range from 30kW to 360kW, support the ‘CHAdeMo’

and the CCS1 connectors, and typically provide an 80% charge in less than 30 minutes.

Installation of DCFC stations and grid requirements

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destinations.

rapid expansion into DCFC sites is supported by reseller type relationships with all the major equipment manufacturers globally.

This assures Blink access to the best-in-class equipment for each specific requirement, allowing Blink to provide the best possible

charging solutions for its customers.

The third-party DCFC’s operate on the Blink Network as all of our other products.

third-party equipment currently operating on Blink’s network include ABB, BTC, Signet, and Tritium.

International

Blink offers Level 2 AC and DC products for the international markets targeted at the residential, workplace, retail,

parking garages, leasing companies, hospitality and other locations requiring a Level 2 or a DC Fast charger.

These products are

available with the Type 2 and CCS 2 connectors.

Blink Network is a cloud-based product that manages our network of EV chargers for remote monitoring, management,

payment processing, customer support and other features required for operating the Blink network of EV charging locations.

Blink offers mobile apps (iOS and Android) for EV drivers to signup, locate, charge and pay at the EV chargers.

In January 2022, Blink announced the Fleet Management Portal targeted at commercial, municipal and federal fleets

that are interested in electrifying their fleets for planning, managing, and optimizing their fleets for departure and energy

These include the Series 9 30kW DC Fast Charger that works ideally for the fleet and auto dealership segments and is

available in wall and pedestal mount configurations, the Blink 30kW DC Fast Charger that boasts a small footprint providing up to

100 amps of output, and the Blink 60kW – 360kW DC Fast Charger that provides from 140 to 500 amps of power.

The all new, rebuilt from the ground-up Blink Networks are a cloud-based product that manages our network of EV chargers

around the world for remote monitoring, management, payment processing, customer support and other features required for operating

the Blink Networks of EV charging locations.

Blink Charging Mobile App.

We offer our all-new Blink Charging Mobile App (iOS and Android) that provides EV drivers control by giving them improved search capabilities which allows them to search for nearby amenities, as well as chargers by zip-codes, city, business, category, or address, and expanded keyword search.

Fleet Management.

We offer Fleet Management applications, targeted at commercial, municipal, and federal fleets that are interested in electrifying their fleets, for planning, managing, and optimizing their fleets for departure and energy costs.

As a Sourcewell supplier, we are able to help municipalities streamline the procurement process.

Advantages/Operational Strengths

Contracts with Property Owners.

We have strategic and often long-term agreements with location exclusivity with Property Partners

across numerous transit/destination locations, including airports, car dealers, healthcare/medical, hotels, mixed-use, municipal locations,

multifamily residential and condo, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools

and universities, stadiums, supermarkets, transportation hubs, and workplace locations.

Property Partners include well-recognized companies,

large municipalities and local businesses.

Representative examples are City of Miami Beach, City of Chula Vista, City of Phoenix, City

of Portland, University of San Diego, Ohlone College, ACE Parking, Icon Parking, SP+ Parking, iPark, LAZ Parking, Reef Parking, Federal

Realty, Equity Residential, Related Group, Johnson & Johnson, Kaiser Permanente, Blessing Healthcare, Sony Pictures Entertainment,

Starbucks, JBG Associates, Kroger Company, Fred Meyer Stores, Inc., Fry’s Food & Drug, Inc., Raising Cane’s, McDonald’s,

Carl’s Jr., Burger King, and Ralphs Grocery Company.

We continue to establish new contracts with Property Partners that previously

secured our services independently or had contracts with the EV service providers that we acquired in the past.

We have strategic and often long-term agreements that include location exclusivity with Property

Partners across numerous transit/destination locations, including airports, car dealers, healthcare/medical, hotels, mixed-use, municipal

locations, multifamily residential and condo, parks and recreation areas, parking lots, religious institutions, restaurants, retailers,

schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations.

Property Partners include well-recognized

companies, large municipalities and local businesses.

Representative examples include the City of Miami Beach, City of Chula Vista, City

of Phoenix, City of Portland, City of Knoxville, City of San Antonio, City of Leeds (UK), University of San Diego, Ohlone College, ACE

Parking, Q-Park, Icon Parking, SP+ Parking, iPark, LAZ Parking, Reef Parking, Federal Realty, Equity Residential, Related Group, Johnson

& Johnson, Kaiser Permanente, Blessing Healthcare, Sony Pictures Entertainment, Starbucks, JBG Associates, Kroger Company, Fred Meyer

Stores, Inc., Fry’s Food & Drug, Inc., Raising Cane’s, McDonald’s, Carl’s Jr., Burger King, Olive Garden,

Walgreens and Ralphs Grocery Company.

We continue to establish new contracts with Property Partners that previously secured our services

independently or had contracts with the EV service providers that we acquired in the past.

Integrated Supply Chain, Engineering and Manufacturing.

With the acquisition of SemaConnect, we have become the only vertically

integrated charging company in the United States and among the few in the world.

We believe this strategy provides multiple benefits

among which are the bottom-up approach to design and engineering, compliance with “Buy American” hardware requirements, controlling

the supply chain timing and costs, ensuring adequate levels of inventory in constrained markets, and ability to capture the manufacturing

margin in a high-demand environment.

Differentiated

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and Control of EV Charging Stations and Services.

We own a large percentage of our charging stations, which is a significant

We own a considerable percentage of our charging stations, which is a significant

differentiation between us and some of our primary competitors.

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had the experience of owning and operating EV charging equipment manufactured by other EV charging service providers, including General

Electric, ChargePoint, and SemaConnect.

Electric, ChargePoint, Tellus, and Tritium.

This experience has provided us with the working knowledge of other equipment manufacturers’

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Growth Strategy

objective is to continue becoming a leading provider of EV charging solutions by deploying mass-scale EV charging infrastructure.

doing so, we aim to enable the accelerated growth of EV adoption and the EV industry.

Key elements of our growth strategy include:

objective is to continue becoming a vertically integrated leading provider of EV charging solutions by deploying mass-scale EV charging

infrastructure.

By doing so, we aim to enable the accelerated growth of EV adoption and the EV industry.

Key elements of our growth strategy

Strategic Opportunities to Expand Blink-Owned Turnkey and Hybrid Models.

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pursue opportunities to develop Blink’s owner and operator business model with locations with potential high utilization, where

grant monies are available, and where we can realize long-term benefit for the EV charging location and establish long-term recurring

grant funds are available, and where we can realize long-term benefit for the EV charging location and establish long-term recurring

revenue relationships.

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objective is to improve productivity and utilization of existing EV charging stations and enhance the valuable features of our EV

charging station hardware and the Blink Network.

charging station hardware and the Blink Networks.

to Invest in Technology Innovations .

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cloud-based software, and networking capability.

This includes the design and launch of our next generation of EV charging solutions,

including accelerating the charge currents currently available in EV charging hardware and new, robust Blink Network features to

stay ahead of the competition.

Our key service solutions allow us to remain technology agnostic so that, if market conditions shift,

we have the option to leverage pure-play hardware providers to augment our products.

In 2021, we opened a new office near New Delhi,

The new office in India is the first within the country for Blink and is part of the Company’s strategic goal to grow

the global engineering team and develop an operational hub to facilitate expansion into new international regions.

In October 2022, we unveiled our all-new Blink Networks and Blink Charging

Mobile App, redesigned from the ground-up, with industry-leading architecture, improving reliability, user experience, and flexibility

capable of iterating as the industry matures.

The new Network is capable of serving a wide variety of EV equipment, languages, currencies,

and applications, allowing Blink to stay competitive in the fast-moving EV charging landscape.

Concurrently, the new mobile app creates

a seamless driver charging experience across the globe.

Our key service solutions allow us to remain technology agnostic so that

we can onboard OCPP compliant equipment from other manufacturers onto our newly designed network.

and Support our Human Capital.

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We seek domestic and international acquisition opportunities which will allow us to

expeditiously expand our footprint of EV charging station locations, product offerings, and enhance our Blink Network.

expeditiously expand our footprint of EV charging station locations, product offerings, and enhance our Blink Networks.

Our Early Mover Advantage.

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experience we have created for both EV drivers and Property Partners.

We believe that tens of thousands of Blink driver registrants

appreciate the value of transacting charging sessions on an established, robust network.

Blink chargers are deployed across the United

States, and the tendency, among users, is to stay within one consistent network.

We believe that hundreds of thousands of Blink driver registrants

appreciate the value of transacting charging sessions on established robust networks.

Blink chargers are deployed mainly across the

United States, Europe and South America, and the tendency, among users, is to stay within one consistent network.

Appropriately

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We expect to retain our leadership position with new growth capital

International Expansion.

2021, the Company, through its wholly owned subsidiary in the Netherlands, Blink Holdings, B.V., closed on the acquisition from the

shareholders of Blue Corner NV, a Belgian company (“Blue Corner”), of all of the outstanding capital stock of Blue Corner.

Headquartered in Belgium, with sales representative offices in several other European cities, Blue Corner owns and operates an EV

charging network across Europe.

The acquisition of Blue Corner was made to enter the European market and provide an opportunity to

expand the Company’s footprint in this region.

As a key contributor to the expanding EV landscape, we are continuously looking

for opportunities to strategically increase our global assets while also making EV charging more accessible.

International expansion

is fundamental to our rapid growth and will accelerate the success we are already achieving in the region.

International

Expansion with Three Recent Acquisitions.

On June 15, 2022, we completed the acquisition of SemaConnect, Inc., a leading provider of EV charging

infrastructure solutions in North America with manufacturing facilities in both the United States and India.

Upon the closing of

the acquisition, SemaConnect became a wholly owned subsidiary of our company, allowing Blink to comply with “Buy America”

mandates and adding nearly 13,000 active chargers and over 150,000 registered users to the Blink Networks.

22, 2022, pursuant to a Sale and Purchase Agreement dated April 22, 2022, we acquired, through our wholly owned subsidiary

in the Netherlands, Blink Holdings B.V., all the outstanding capital stock of Electric Blue Limited, a private company limited by

shares and registered in England and Wales (“EB”), from its shareholders.

Headquartered in St.

Albans, United Kingdom,

EB is a leading provider of electric vehicle charging and sustainable energy solutions and technologies.

On May 10, 2021, we, through our wholly owned subsidiary in the Netherlands, Blink Holdings, B.V.,

closed on the acquisition of the outstanding capital stock of a Belgian company, Blue Corner NV (“Blue Corner”),

from its shareholders.

Headquartered in Belgium, with sales representative offices in several other European cities, Blue Corner

owns and operates an EV charging network across Europe.

The acquisition of Blue Corner was made to enter the European market and

provide an opportunity to expand our footprint in this region.

sales organization builds and maintains long-term business relationships with our customers by utilizing our four core business models.

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that grow revenue today, and site locations that have potential to generate strong revenues in the future under our owner-operator business

also engages with strategic reseller partners across a range of vertical markets both within the U.S.

also engage with strategic distributor and reseller partners across a range of vertical markets both within the U.S.

and globally.

These resellers typically

have unique relationships or capabilities within their respective markets and provide Blink with additional sales opportunities.

resellers amplify Blink’s sales reach and are authorized to sell our EV charging hardware, software services (connectivity to Blink

Network), and extended warranty service plans, to strategic site hosts and in specific locations.

is making further inroads into the residential charging station market where we sell Level 2 chargers through various internet channels,

organizations typically have unique relationships or capabilities within their respective markets and provide Blink with additional sales

opportunities.

These partnerships amplify Blink’s sales reach and are authorized to sell our EV charging hardware, software services

(connectivity to the Blink Networks), and extended warranty service plans, to strategic customers in specific locations.

We are making further inroads into the residential charging station market where we sell Level 2 chargers through various internet channels,

such as Amazon, Walmart.com, Lowes.com, and other online retailers, to reach the single-family residential charging market in the United

2021, Blink awarded several new prominent customers including General Motors, Ford, Jaguar-Land Rover, Hyundai, Kia, Subaru, AutoNation,

Berkshire-Hathaway Automotive, Bridgestone, the City of San Antonio, the Related Group, and others.

During 2020, Blink awarded several

new prominent customers, including Cushman & Wakefield, Reef Technology, Lehigh Valley Health, St.

Luke’s University Health

Network, Lion Electric, and several others, that expand Blink’s potential for unit sales and deployments.

Commensurate with these

new business relationships, we also forged critical strategic relationships with organizations that directly or indirectly influence

EV charging station purchase decisions.

Examples include Sustainable Westchester in New York, and Clean Cities Organizations in Virginia,

Vermont and Ohio.

2022, we were awarded several new prominent customers including Mitsubishi, Cushman & Wakefield, Triple J, Q-Park, Best Buy, UBS,

Bosch Mexico, Porsche Puerto Rico and Guatemala, Veris Residential, Greystar, Cambium, and cities of Atlanta, Rockford, Newton, Winslow,

Leeds (UK) and others that expand Blink’s potential for unit sales and deployments.

Through acquisitions of SemaConnect and Electric

Blue in 2022, Blink acquired a number of prominent customers such as Walgreens, Olive Garden, Dunkin Donuts, Kaiser Permanente, Hilton,

Ritz-Carlton, and many others.

During 2021, we were awarded several prominent customers including General Motors, Ford, Jaguar-Land

Rover, Hyundai, Kia, Subaru, AutoNation, Berkshire-Hathaway Automotive, Bridgestone, the City of San Antonio, the Related Group, and

Commensurate with these new business relationships, we also forged critical strategic relationships with organizations that directly

or indirectly influence EV charging station purchase decisions.

Examples include Sustainable Westchester in New York, and Clean Cities

Organizations in Virginia, Vermont and Ohio, Florida Sheriff’s Association Cooperative, Illinois Region 1 Planning Council, AES

El Salvador, and Vizient.

addition to adding sales personnel within key markets, we solidified our organizational structure through hiring talented business development

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Customers and Partners

have strategic partnerships across numerous transit/destination locations, including airports, auto dealers, healthcare/medical, hotels,

mixed-use and municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions,

restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations.

We have hundreds

of Property Partners that include well-recognized companies, large municipalities, and local businesses.

We strive to engage all Blink-owned

turnkey and hybrid property partners with exclusive EV charging contracts.

This strategy further supports our owner-operator model to

generate recurring revenue for both the Property Partner and Blink.

Representative examples are McDonald’s, Sony Pictures, Caltrans,

Porsche Design Tower, City of Azusa, City of Chula Vista, City of Springfield, City of Tucson, Federal Realty, Fred Meyer Stores, Inc.,

Fry’s Food & Drug, Inc., JBG Associates, LLC, Kroger Company and Ralphs Grocery Company.

We continue to establish new contracts

with Property Partners that previously secured our services independently or had contracts with the EV services providers that we acquired,

have strategic partnerships across numerous transit/destination locations, including airports, auto dealers, healthcare/medical,

hotels, mixed use and municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious

institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace

We have hundreds of Property Partners that include well recognized companies, large municipalities, and local businesses.

We strive to engage all Blink-owned turnkey and hybrid property partners with exclusive EV charging contracts.

This strategy further

supports our owner-operator model to generate recurring revenue for both the Property Partner and Blink.

Representative examples are

McDonald’s, Sony Pictures, Caltrans, Audi of America, Porsche Design Tower, City of Azusa, City of Chula Vista, City of

Springfield, City of Tucson, City of Fayetteville, BJ’s Inc., Federal Realty, Fred Meyer Stores, Inc., Fry’s Food &

Drug, Inc., Kana Hotel Group, Kroger Company and Ralphs Grocery Company.

We continue to establish new contracts with Property

Partners that previously secured our services independently or had contracts with the EV services providers that we acquired,

including Ecotality, the former owner of the Blink-related assets.

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and other Property Partners engaged with our host-owned business model.

Other income sources from EV charging services are network

fees, extended warranty fees, membership fees, and payment processing fees paid by our Property Partners.

Blink generates revenues

from its ride-sharing program through BlueLA and the City of Los Angeles which allows customers the ability to rent electric vehicles

through a subscription service.

Other income sources from EV charging services are network fees,

extended warranty fees, membership fees, and payment processing fees paid by our Property Partners.

Blink generates revenues from its

ride-sharing program through BlueLA and the City of Los Angeles which allows customers the ability to rent electric vehicles through

a subscription service.

teamed up with Google Maps to make locating EV charging stations straightforward and accessible.

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in Google Maps, along with other relevant information.

are focused on international expansion and have made significant progress in the last year at expanding our business across the globe,

focusing primarily on Europe, Israel, and Latin America.

In May 2021, we purchased the Belgian EV car charging company Blue Corner NV,

managed through our international holdings subsidiary, Blink Holdings BV in Amsterdam, the Netherlands.

Additionally, we utilize Blink

Charging Ltd.

are focused on international expansion and have made significant progress at expanding our business across the globe, focusing primarily

on Europe, United Kingdom, Israel, and Latin America.

June 15, 2022, we completed the acquisition of SemaConnect, Inc., a leading provider of EV charging infrastructure solutions

in North America with manufacturing facilities in both the United States and India.

Upon the closing of the acquisition, SemaConnect

became a wholly owned subsidiary of our company, allowing us to comply with “Buy America” mandates and adding nearly 13,000 active chargers and over 150,000 registered users to the Blink Networks.

On April 22, 2022, pursuant to a Sale and

Purchase Agreement dated April 22, 2022, we acquired, through our wholly owned subsidiary in the Netherlands, Blink Holdings

B.V., all the outstanding capital stock of Electric Blue Limited, a private company limited by shares and registered in England and Wales

(“EB”), from its shareholders.

Headquartered in St.

Albans, United Kingdom, EB is a leading provider

of electric vehicle charging and sustainable energy solutions and technologies.

On May 10, 2021, we, through our wholly owned

subsidiary in the Netherlands, Blink Holdings, B.V., closed on the acquisition of the outstanding capital stock of a Belgian company,

Blue Corner NV (“Blue Corner”), from its shareholders.

Headquartered in Belgium, with sales representative offices in several

other European cities, Blue Corner owns and operates an EV charging network across Europe.

The acquisition of Blue Corner was made to

enter the European market and provide an opportunity to expand our footprint in this region.

Additionally, we operate through

Blink Charging Ltd.

for our expansion in Israel and Blink Hellas SA for our expansion in Greece.

We are in the process of incorporating numerous

subsidiaries in Latin America as we further concentrate our international efforts.

We are in the process of establishing

numerous subsidiaries in Latin America as we further concentrate our international efforts.

Finally, we established a new software development

team in India, managed by our subsidiary Blink Charging Software Solutions Ltd.

expanded our efforts on diversification, public service, and focus on renewable energy.

We established a new committee of the Board of

Directors, the Environmental, Social & Governance Committee (ESG), and adopted a new diversity statement.

Our Human Resources Department

led several successful climate initiatives throughout the year, including a cleanup of Miami Beach.

Although we are still primarily working

remotely and have not required employees to return to our new offices, our company culture is stronger than ever.

team in India, managed by our Indian subsidiary, Blink Charging Software Solutions Ltd.

EV charging equipment and service market is highly competitive, and we expect the market to become increasingly competitive as new entrants

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Our existing competition

currently includes ChargePoint, which manufactures EV charging equipment and operates the ChargePoint Network, and Evgo, which offers

home and public charging with pay-as-you-go and subscription models.

Other entrants into the connected EV charging station equipment

market include Volta, Clipper Creek, SemaConnect, and EV Connect.

We believe these additional competitors struggle with gaining the necessary

network traction but could gain momentum in the future.

While Tesla does offer EV charging services, the connector type currently restricts

the chargers to Tesla vehicles only.

Many other EV charging companies offer non-networked or “basic” chargers with limited

customer leverage but could provide a low-cost solution for basic charger needs in commercial and home locations.

competitive advantage in this market includes our exclusive, long-term contracts with our Property Partners and flexible business models.

currently includes ChargePoint, which manufactures EV charging equipment and operates the ChargePoint Network, and Evgo,

which offers home and public charging with pay-as-you-go and subscription models.

Other entrants into the connected EV charging station

equipment market include Volta, Clipper Creek, Wallbox, Freewire, Autel, and EV Connect.

We believe these additional competitors struggle

with gaining the necessary network traction but could gain momentum in the future.

While Tesla does offer EV charging services, the connector

type currently restricts the chargers to Tesla vehicles only in North America.

Many other EV charging companies offer non-networked or

“basic” chargers with limited customer leverage but could provide a low-cost solution for basic charger needs in commercial

and home locations.

competitive advantage in this market includes vertical integration and our exclusive, long-term contracts with our Property Partners

and flexible business models.

We offer our EV charging station equipment and provide access to a robust EV charging network.

has established a full-time dedicated team to identify and process federal and state funding opportunities for EV charging infrastructure

Blink is committed to pursuing EV charging development grant opportunities in all 50 states.

Funding sources include the

United States Department of Energy, the United States Department of Transportation, the VW mitigation settlement trust fund, and funding

initiatives from utility service providers.

have a full-time dedicated team to identify and process federal and state funding opportunities for EV charging infrastructure

We are committed to pursuing EV charging development grant opportunities in all 50 states.

Funding sources in the

include the Department of Energy, Department of Transportation, Department of Agriculture, the VW mitigation settlement trust

fund, funding initiatives from utility service providers and various state and local jurisdictions.

In Europe, we have a

significant presence both in the European Union and the United Kingdom through our acquisitions of Blue Corner and Electric Blue.

Our staff in Europe has significant experience in applying and taking advantage of various European

jurisdictions incentives and rebate programs.

Related to Climate Change

March 21, 2022, the Securities and Exchange Commission (“SEC”) proposed rules mandating climate-related disclosures in companies’

annual reports and registration statements.

The proposed rules contemplate phase-in periods based on SEC filer status, with extended

phase-in periods for Scope 3 disclosures and third-party attestation requirements.

Under the direction and supervision of senior management

and with board oversight, our Environmental, Social, and Governance (“ESG”) Committee has initiated a process to implement

and maintain compliance with the SEC’s climate disclosure requirements as they are enacted.

and Data Security Laws

are currently subject, and/or may in the future be subject, to numerous privacy and data security laws.

For example, some U.S.

members of the European Economic Area, the United Kingdom, and many other jurisdictions in which we operate have adopted some form of

privacy and data security laws and regulations which impose significant compliance obligations.

European Union’s General Data Protection Regulation (“GDPR”), which is wide-ranging in scope, imposes several requirements

relating to a variety of matters, including the control over personal data by individuals to whom the personal data relates, the information

provided to the individuals, the documentation we must maintain, the security and confidentiality of the personal data, data breach notification,

and the use of third-party processors in connection with the processing of personal data.

The GDPR also imposes strict rules on the transfer

of personal data outside of the European Union (“EU”), provides an enforcement authority, and authorizes the imposition of

large penalties for noncompliance, including the potential for significant fines.

The GDPR requirements apply not only to third-party

transactions, but also to transfers of information between Blink Charging and its subsidiaries, including employee information.

has increased our responsibility and potential liability in relation to all types of personal data that we process and we may be required

to put in place additional mechanisms to ensure compliance with the GDPR, which could divert management’s attention and increase

its cost of doing business, and despite our ongoing efforts to bring its practices into compliance with the GDPR, it may not be successful.

Additionally,

we are governed by a California state privacy law called the California Consumer Privacy Act of 2018 (“CCPA”), which contains

requirements similar to GDPR for the handling of personal information of California residents.

The CCPA establishes a privacy framework

for covered businesses, including an expansive definition of personal information and data privacy rights for California residents.

CCPA includes a framework with potentially severe statutory damages and private rights of action.

The CCPA requires covered companies

to provide new disclosures to California consumers (as that word is broadly defined in the CCPA), and new ways for such consumers to

opt out of certain sales of personal information, and to allow for a new cause of action for data breaches.

Further, California voters

approved a new privacy law, the California Privacy Rights Act (“CPRA”) in November 2020.

Effective starting on January 1,

2023, the CPRA will significantly modify the CCPA, including by expanding the consumers’ rights with respect to certain sensitive

personal information.

The CPRA also creates a new state agency that will be vested with authority to implement and enforce the CCPA and

New legislation proposed or enacted in various other states will continue to shape the data privacy environment nationally.

For example, the Virginia Consumer Data Protection Act became effective on January 1, 2023, the Colorado Privacy Act becomes effective

on July 1, 2023, the Connecticut Act Concerning Personal Data Privacy and Online Monitoring becomes effective on July 1, 2023, and the

Utah Privacy Act becomes effective on December 1, 2023.

GDPR, CCPA, CPRA, CPA, and CDPA exemplify the vulnerability of our business to the evolving regulatory environment related to personal

Our compliance costs and potential liability may increase as a result of additional national and international regulatory requirements

related to data privacy and data security.

We are currently subject, and/or may in the future be subject, to numerous privacy and data

security laws.

For example, some U.S.

states, members of the European Economic Area, the United Kingdom, and many other jurisdictions

in which we operate have adopted some form of privacy and data security laws and regulations which impose significant compliance obligations.

Environmental,

Social, and Governance (ESG )

We are committed to sourcing only responsibly produced materials We have a zero-tolerance policy when it comes to child or forced labor

and human trafficking by our suppliers.

We believe that sound corporate governance is critical to helping us achieve our goals, including

with respect to ESG.

We are focused on further enhancing sustainability of operations and continue to evolve a governance framework that

exercises appropriate oversight of responsibilities at all levels throughout the company.

Our board-level ESG Committee, with active management

participation, will oversee our ESG initiatives and priorities.

Regulation and Incentives

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Compliance with such regulations may cause installation

we apply charging fees by the kWh for our services in states that permit this policy and hourly and by session for our services in states

that do not permit per kWh pricing.

California, Colorado, District of Columbia, Florida, Hawaii, Illinois, Maryland, Massachusetts, Minnesota,

New York, Oregon, Pennsylvania, Utah, Virginia, and Washington have determined that companies that sell EV charging services to the public

will not be regulated as utilities, allowing us to charge fees based on kWh usage.

These individual state determinations are not binding

on any other regulator or jurisdiction.

However, they demonstrate a trend in the way states view the industry.

Other jurisdictions are

in the process of adopting such reforms.

we apply charging fees by the kWh for our services in most states that permit this policy, while there are a handful of other states

that only allow charging fees on hourly and by session for our services (Georgia, Louisiana, Michigan, Mississippi, Nebraska, Tennessee

and Wisconsin).

intend to continue to vigorously seek additional grants, loans, rebates, subsidies, and incentives as cost-effective means of reducing

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The Federal Government provides a personal income tax credit for qualified plug-in

electric vehicles, with a minimum credit of $2,500 and a maximum of $7,500, depending on vehicle weight and battery capacity.

begin to phase out when the vehicle manufacturer reaches certain production levels.

States such as California, Colorado, Delaware, Louisiana,

Massachusetts, New York, and Rhode Island offer various rebates, grants, and tax credits to incentivize EV and EVSE purchases.

electric vehicles, with a maximum of $7,500, depending on vehicle weight and battery capacity, income levels, and battery sourcing origin.

We expect Federal Government to continue to provide additional details about the vehicles and customers that qualify for Federal Government

States such as California, Colorado, Delaware, Louisiana, Massachusetts, New York, and Rhode Island offer various rebates,

grants, and tax credits to incentivize EV and EVSE purchases.

a Conditionally Exempt Small Quantity Generator (“CESQG”), we generate a limited quantity of hazardous waste, mainly solvent

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A CESQG of hazardous waste is defined as a generator that:

no more than 100 kg (220 lbs.) of hazardous waste per month;

no more than 1 kg (2.2 lbs.) of acutely hazardous waste per month;

not accumulate more than 1,000 kg (2,204 lbs.) of hazardous waste on-site;

CESQG has no time limit for accumulation.

no more than 100 kg (220 lbs.) of hazardous waste per calendar month;

no more than 1 kg (2.2 lbs.) of acute hazardous waste per calendar month;

accumulates more than 1,000 kg (2,204 lbs.) of hazardous waste at any one time;

accumulates more than 1 kg (2.2 lbs.) of acute hazardous waste at any one time.

use of our machinery and equipment must comply with the following applicable laws and regulations, including safety and environmental

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the NEMA standards that apply to such products.

Handling and Disposal

are subject to laws and regulations regarding the handling and disposal of hazardous substances and solid wastes, including electronic

wastes and batteries.

These laws generally regulate the generation, storage, treatment, transportation, and disposal of solid and hazardous

waste, and may impose strict, joint, and several liability for the investigation and remediation of areas where hazardous substances

may have been released or disposed.

For instance, CERCLA, also known as the Superfund law, in the United States and comparable state

laws impose liability, without regard to fault or the legality of the original conduct, on certain classes of persons that contributed

to the release of a hazardous substance into the environment.

These persons include current and prior owners or operators of the site

where the release occurred as well as companies that disposed of or arranged for the disposal of hazardous substances found at the site.

Under CERCLA, these persons may be subject to joint and several strict liability for the costs of cleaning up the hazardous substances

that have been released into the environment, for damages to natural resources and for the costs of certain health studies.

authorizes the EPA and, in some instances, third parties to act in response to threats to the public health or the environmental and

to seek to recover from the responsible classes of persons the costs they incur.

We may handle hazardous substances within the meaning

of CERCLA, or similar state statutes, in the course of ordinary operations and, as a result, may be jointly and severally liable under

CERCLA for all or part of the costs required to clean up sites at which these hazardous substances have been released into the environment.

also generate solid wastes, which may include hazardous wastes that are subject to the requirements of the Resource Conservation and

Recovery Act (“RCRA”) and comparable state statutes.

While RCRA regulates both solid and hazardous wastes, it imposes strict

requirements on the generation, storage, treatment, transportation, and disposal of hazardous wastes.

Certain components of our products

are excluded from RCRA’s hazardous waste regulations, provided certain requirements are met.

However, if these components do not

meet all of the established requirements for the exclusion, or if the requirements for the exclusion change, we may be required to treat

such products as hazardous waste, which are subject to more rigorous and costly disposal requirements.

Any such changes in the laws and

regulations, or our ability to qualify the materials it uses for exclusions under such laws and regulations, could adversely affect our

operating expenses.

laws exist in other jurisdictions where we operate.

Additionally, in the EU, we are subject to the Waste Electrical and Electronic Equipment

Directive (“WEEE Directive”).

The WEEE Directive provides for the creation of a collection scheme where consumers return

waste electrical and electronic equipment to merchants, such as Blink Charging.

If we fail to properly manage such waste electrical and

electronic equipment, it may be subject to fines, sanctions, or other actions that may adversely affect on our financial operations.

rely on a combination of patent, trademark, copyright, unfair competition and trade secret laws, as well as confidentiality procedures

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experienced employees and management team are some of our most valuable resources, and we are committed to attracting, motivating, and

retaining top professionals.

retaining top talent.

As of December 31, 2022, we had 620 employees, including 564 full-time employees.

None of our employees

are represented by a union or covered by a collective bargaining agreement.

We have not experienced any work stoppages, and we consider

our relationship with our employees to be good.

None of our employees are represented

by a union or covered by a collective bargaining agreement.

We have not experienced any work stoppages, and we consider our relationship

with our employees to be good.

success is directly related to the satisfaction, growth, and development of our employees.

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expertise and continue to provide our personnel with personal and professional growth.

Blink emphasizes several measures and objectives

We emphasize several measures and objectives

in managing our human capital assets, including, among others, employee safety and wellness, talent acquisition and retention, employee

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investing in a more engaged, diverse, and inclusive workforce.

expanded our efforts on diversification, public service, and focus on renewable energy.

We established a new committee of the Board of

Directors, the Environmental, Social & Governance Committee (ESG), and adopted a new diversity statement.

Our Human Resources Department

led several successful climate initiatives throughout the year, including a cleanup of Miami Beach.

also fosters a strong corporate culture that promotes high standards of ethics and compliance for our business, including policies that

also foster a strong corporate culture that promotes high standards of ethics and compliance for our business, including policies that

set forth principles to guide employee, officer, director, and vendor conduct, such as our Code of Business Conduct and Ethics.

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business conduct on the part of our businesses, employees, officers, directors, or vendors.

use our website www.blinkcharging.com.

Our website’s information is not, and will not be deemed, a part of this Annual Report

or incorporated into any other filings we make with the SEC.

Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current

Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act are made

available on our website as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.

Our corporate governance documents, including our code of conduct and ethics, are also available on our website.

In this Annual Report

on Form 10-K, we incorporate by reference as identified herein certain information from parts of our proxy statement for our 2022 Annual

Meeting of Stockholders, which we will file with the SEC and will be available, free of charge, on our website.

Reports of our executive

officers, directors and any other persons required to file securities ownership reports under Section 16(a) of the Exchange Act are also

available on our website.

maintain a corporate website at www.blinkcharging.com.

Our website’s information is not, and will not be deemed, a part of

this Annual Report or incorporated into any other filings we make with the SEC.

Our Annual Reports on Form 10-K, Quarterly Reports

on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of

the Exchange Act are made available, free of charge, on our website as soon as reasonably practicable after we electronically file such material

with, or furnish it to, the SEC.

Our corporate governance documents, including our code of conduct and ethics, are also available on

In this Annual Report on Form 10-K, we incorporate by reference as identified herein certain information from parts of

our proxy statement for our 2023 Annual Meeting of Stockholders, which we will file with the SEC and will be available, free of

charge, on our website.

Reports of our executive officers, directors and any other persons required to file securities ownership

reports under Section 16(a) of the Exchange Act are also available on our website.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business