What changed in this filing

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Item 1. Business

2024-03-18 compared with 2023-03-14 · 453 added, 394 removed, 257 unchanged (77% of the section changed)

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

Charging Co., through its consolidated subsidiaries, is a leading manufacturer, owner, operator, and provider of electric vehicle

(“EV”) charging equipment and networked EV charging services in the rapidly growing U.S.

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 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

the EV infrastructure market, Blink offers Property Partners a comprehensive range of solutions for EV charging equipment and services

that generally fall into one of the business models below, differentiated by who bears the costs of installation, equipment, maintenance,

and the percentage of revenue shared.

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 Networks.

In this model, which favors recurring

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.

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.

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

payment processing, and optional maintenance services.

In this model, the Property Partner retains and keeps all the EV charging

Blink offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various locations.

principal line of products and services is its 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 processing.

The Blink Networks provide fleets, 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).

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

infrastructure market, Blink offers Property Partners a comprehensive range of solutions for EV charging equipment and services that

generally fall into one of the business models below, differentiated by who owns the equipment and who bears the costs of installation,

equipment, maintenance, and the percentage of revenue shared.

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

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

station to the Blink Networks.

In this model, which favors recurring 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-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

airports, auto dealers, healthcare/medical, hotels, mixed-use, municipal sites, multifamily residential and condos, parks and recreation

areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation

hubs, and workplace locations.

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.

Our agreement with the

Property Partner typically lasts nine years, with extensions that can bring it to 27 years.

our Blink-owned hybrid business model , we incur the charging equipment costs while

the Property Partner incurs the installation costs.

We own and operate the EV charging station

and provide connectivity to the Blink Networks.

In this model, since the Property Partner

incurs the installation costs;

we share a more generous portion of the EV charging revenues

with the Property Partner after deducting Blink network connectivity and processing fees.

Our agreement with the Property Partner typically lasts seven years, with extensions that

can bring it to 21 years.

our host-owned business model , the Property Partner purchases, owns, and operates

the Blink EV charging station and incurs the installation costs.

We work with the Property

Partner by providing site recommendations, connectivity to the Blink Networks, payment processing,

and optional maintenance services.

In this model, the Property Partner retains and keeps

all the EV charging revenues after deducting Blink network connectivity and processing fees.

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

Property Partner incurs the installation costs.

The Property Partner pays us a fixed monthly

fee for the service and keeps all the EV charging revenues after deducting Blink network

connectivity and processing fees.

Our agreement with the Property owner typically lasts five

also own and operate EV car-sharing and ride-sharing programs through our wholly owned subsidiary, Blink Mobility.

These programs allow

customers to share electric vehicles through subscription services and charge those cars through our charging stations.

pursuit of our commitment to fostering the widespread adoption of electric vehicles (EVs) through the establishment and management of

EV charging infrastructure on a global scale, we remain steadfast in our dedication to mitigating climate change.

This dedication is

evidenced by our efforts to diminish greenhouse gas emissions stemming from gasoline-powered vehicles.

With the goal of being a leader

in the build-out of EV charging infrastructure and 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 airports,

auto dealers, healthcare/medical, hotels, mixed-use, municipal sites, multifamily residential and condos, parks and recreation areas,

parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs,

and workplace locations.

2023, we entered into agreements with significant new customers, including the United States Postal Service (USPS), Mack Trucks,

McArthurGlen, BluePoint, Mike Albert Fleet Solutions, Royal Farms, John Henry General Store, Moberly Motor Company, Arcos Dorados

(McDonald’s Puerto Rico), AAA, Allegiant Stadium (Las Vegas), Village of Tuckahoe (NY), Miami Beach (FL), Metropolitan

Government of Nashville-Davidson County, and Salt Lake City International Airport, that expand our potential for unit

sales and deployments.

Similarly, in 2022, we entered into agreements with significant new customers, including Mitsubishi,

Cushman & Wakefield, Triple J, Q-Park, Best Buy, UBS, Bosch Mexico, Porsche Puerto Rico and Guatemala, Veris Residential,

Greystar, Cambium, and the cities of Atlanta (GA), Rockford (IL), Newton (IA), Winslow (N.J), and Leeds (UK).

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

influence EV charging stations purchase decisions.

Examples include the Florida Sheriff’s Association Cooperative, the State

of Utah, Illinois Region 1 Planning Council, AES El Salvador, and Vizient – the largest member-driven healthcare performance

improvement company in the United States representing more than $130 billion in annual purchasing volume.

2022, we expanded our presence through the acquisitions of SemaConnect and Electric Blue, establishing new offices in Bowie, Maryland,

Albans, United Kingdom.

Additionally, we opened manufacturing facilities in Bowie, Maryland, and Bangalore, India.

These additions

enhance our capacity in the U.S.

and internationally, enabling us to develop and manufacture hardware and innovate new software capabilities

to address the evolving EV charging landscape.

They also serve as crucial hubs for operations in the United States, Europe, Asia Pacific,

and the Middle East.

This expansion aligns with our strategic goal of growing our global engineering teams and establishing operational

hubs to support our international expansion into new regions.

of December 31, 2023, we sold or deployed 89,825 chargers, of which 72,418 were in the Blink Networks (244 Level 1 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.

commercial chargers, 44,673 Level 2 publicly accessible commercial chargers, 5,569 Level 2 private commercial chargers, 667 DC Fast Charging

EV publicly accessible chargers, 36 DC Fast Charging EV private chargers, and 525 residential Level 2 Blink EV chargers, inclusive of

20,704 chargers pending to be commissioned).

Included in the Blink Networks are 5,150 chargers owned by us.

The remaining 17,407 were

non-networked, on other networks or international sales or deployments (761 Level 2 commercial chargers, 16 DC Fast Charging chargers,

12,224 residential Level 2 Blink EV chargers, 2,938 sold to other U.S.

networks and 1,468 sold internationally).

charger units noted above are net of swap-out or replacement units.

an EV charging station leader, we understand our corporate social responsibility and remain steadfast in our commitment to fostering

a cleaner, improved global environment.

By prioritizing our environmental, social, and governance initiatives, we consistently enhance

our standing within the EV industry as a responsible and value-enhancing service provider within the ecosystem.

Upholding sustainable

procurement, we intend to persist in aligning with partners who share our vision for societal advancement and uphold ethical business

As our technology advances, we are devoted to implementing recycling programs aimed at repurposing older products.

plug-in electric vehicle market experienced significant growth in recent years with EV adoption hitting an all-time high of 7.8% in 2023

in the U.S., as reported by BNEF.

Anticipating sustained momentum, we foresee continued growth throughout 2024, propelled by the introduction

of new EV models into the market as automotive manufacturers continue to scale production of EVs.

Sales projections indicate a trajectory

of ongoing increase, buoyed by technological advancements, heightened competition, and a trend of declining prices.

addition, we believe the advancements made in battery technologies will allow EVs to achieve approximate cost parity with internal combustion

engine vehicles and will extend driving range and consumer confidence moving the market away from range anxiety toward range confidence,

creating further consumer demand.

Administration and private companies’ increasing focus on climate related initiatives and their large-scale commitment

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

demand for electric vehicles has been further propelled by government incentives and regulations at federal, state, and local levels.

It is anticipated that government agencies worldwide will persist in offering incentives to promote EV purchases, while continuing to

roll out regulations aimed at reducing emissions and incentivizing the adoption of clean energy vehicles.

federal level,

the Bipartisan Infrastructure Law provides $7.5 billion for EV charging network development across the United States for both DCFC and

Level 2 chargers.

At the state level, California, Oregon, New York, Maryland, and 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.

a shift towards EV car-sharing has boosted the transition to EV fleets, leading to increased EV charging station demand.

is expected to be a year of increasing numbers of EV models available and improved infrastructure to support them.

In 2023, many auto

traditional and new manufacturers such as Mercedes, Ford, General Motors, BMW, Fisker, BYD, Lucid, and Rivian brought new electric vehicle

models and ramped up production of existing models.

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

only EV charging company based in the United States to offer complete vertical integration from research and development and manufacturing

to EV charger ownership, operations and services.

This vertical integration creates significant 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.

plug-in electric vehicle market experienced significant growth in recent years with EV adoption hitting an all-time high of 7.8% in 2023

in the U.S., as reported by BNEF.

Anticipating sustained momentum, we foresee continued growth throughout 2024, propelled by the introduction

of new EV models into the market as automotive manufacturers continue to scale production of EVs.

Sales projections indicate a trajectory

of ongoing increase, buoyed by technological advancements, heightened competition, and a trend of declining prices.

addition, we believe the advancements made in battery technologies will allow EVs to achieve approximate cost parity with internal combustion

engine vehicles and will extend driving range and consumer confidence moving the market away from range anxiety toward range confidence,

creating further consumer demand.

Administration and private companies’ increasing focus on climate related initiatives and their large-scale commitment

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

demand for electric vehicles has been further propelled by government incentives and regulations at federal, state, and local levels.

It is anticipated that government agencies worldwide will persist in offering incentives to promote EV purchases, while continuing to

roll out regulations aimed at reducing emissions and incentivizing the adoption of clean energy vehicles.

federal level,

the Bipartisan Infrastructure Law provides $7.5 billion for EV charging network development across the United States for both DCFC and

Level 2 chargers.

At the state level, California, Oregon, New York, Maryland, and 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.

a shift towards EV car-sharing has boosted the transition to EV fleets, leading to increased EV charging station demand.

is expected to be a year of increasing numbers of EV models available and improved infrastructure to support them.

In 2023, many auto

traditional and new manufacturers such as Mercedes, Ford, General Motors, BMW, Fisker, BYD, Lucid, and Rivian brought new electric vehicle

models and ramped up production of existing models.

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

only EV charging company based in the United States to offer complete vertical integration from research and development and manufacturing

to EV charger ownership, operations and services.

This vertical integration creates significant 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 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 workplaces, multifamily residential, retail and mixed-use, parking garages, municipalities, colleges/schools, hospitals and airports.

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, the North American

Charging Standard (NACS) connector, and the Type 2 connector compatible with electric vehicles

in Europe and across Latin America.

commercial Level 2 chargers consist of the EQ, HQ, 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.

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

Additionally, we offer three residential Level 2 chargers for the Americas:

the wall-mounted

HQ 200, Series 4, and a smart charging cable, the PQ 150, designed 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 workplaces, multifamily residential, retail,

hospitality, 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.

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

are typically greater than Level 2 charging stations and are ideally suited for transportation hubs and locations between travel

destinations.

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.

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, GBT, and

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

and the EQ 200.

We offer the HQ 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.

We offer a complete line of DC Fast Charging equipment (“DCFC”) that ranges

from 30kW to 360kW, supports the ‘CHAdeMo’ , CCS1, and NACS connectors,

and typically provide an 80% charge in less than 30 minutes.

Installation of DCFC stations

and grid requirements are typically greater than Level 2 charging stations and are ideally

suited for transportation hubs and locations between travel destinations.

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 Blink Network is a cloud-based platform 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.

Charging Mobile App.

We offer Blink Charging Mobile Apps (iOS and Android) that provide

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.

The app also includes payment functionality, eliminating the

need for a credit card.

We offer Fleet Management applications, targeted at commercial, municipal,

and federal fleets for planning, managing, and optimizing their departure schedules and energy

Our Fleet Management applications can be used as standalone tools or integrated into

existing fleet management solutions, which allows Blink to be a flexible and value-added

solution within existing software stacks.

Advantages/Operational Strengths

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& 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.

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

Ralphs Grocery Company.

We continue to generate 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.

With the acquisition of SemaConnect, we have become a fully vertically

integrated charging equipment and software provider, among the few in the world.

We believe this strategy provides multiple benefits

5 unchanged sentences

We own, operate and supply proprietary electric vehicle charging equipment and networked EV charging

We believe that our ability to flexibly provide various business models, including a comprehensive turnkey solution, to Property

Partners and leverage our technology to meet both Property Partners’ and EV drivers’ needs provides us competitive advantage

in addition to more compelling long-term growth opportunities than possible through equipment sales only.

We believe that our ability to provide various business models, including a comprehensive turnkey solution, to Property Partners

and leverage our technology to meet both Property Partners’ and EV drivers’ needs provides us a competitive advantage in

addition to more compelling long-term growth opportunities than possible through equipment sales only.

and Control of EV Charging Stations and Services.

4 unchanged sentences

stations that we do not own, we are using our best efforts to encourage their owners to keep the stations operating in good order and,

in some cases, to replace faulty stations with our new charging stations equipment.

with Products and Services of Other EV Charging Service Providers.

From our early days and through our acquisitions, we have

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

Electric, ChargePoint, Tellus, and Tritium.

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

benefits and drawbacks and their applicable EV charging networks.

in some cases, to replace faulty stations with our new charging station equipment.

Growth Strategy

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

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

infrastructure.

1 unchanged sentence

Key elements of our growth strategy

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

We have structured our business to identify and

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

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

revenue relationships.

Focus on Customer Satisfaction.

We aim to increase overall customer satisfaction with new and existing Property Partners

and EV drivers by upgrading and expanding the EV charging footprint throughout high-demand, high-density geographic areas.

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 Networks.

Our objective is to increase overall customer satisfaction

among new and existing Property Partners and EV drivers.

This entails prioritizing charger

uptime and availability while expanding and enhancing the EV charging infrastructure within

densely populated regions of high demand.

Furthermore, we are committed to optimizing the

productivity and utilization of existing EV charging stations, as well as enhancing the key

features of our EV charging station hardware and Blink Networks.

are equally focused on analyzing our network uptime and reliability and dedicating resources to improve these areas.

We believe that

improvement on these metrics is critical for the EV charging industry and its continuous growth as EV owners and considerers need to

have confidence in the infrastructure for charging.

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

structured our business to identify and pursue opportunities to develop Blink’s owner

and operator business model with locations that have potential of high utilization, where

grant or rebate funds are available, and where we can realize long-term benefit for the EV

charging location to establish long-term recurring revenue.

to Invest in Technology Innovations .

We will continue to enhance the product offerings available in our EV charging hardware,

cloud-based software, and networking capability.

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.

We will continue to enhance the product offerings

available in our EV charging hardware, cloud-based software, and networking capability.

October 2022, we unveiled our all-new Blink Networks and Blink Charging Mobile Apps (Android

and iOS), 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

can serve 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 software implementation

allows us to remain technology agnostic to enable the onboarding of OCPP compliant equipment

from other manufacturers onto our newly designed network.

and Support our Human Capital.

Our experienced employees and management team are our most valuable resources.

training, and retaining key personnel has been and will remain critical to our success.

To achieve our human capital goals, we intend

to stay focused on providing our personnel with entrepreneurial opportunities to expand our business within their areas of expertise.

We will also continue to provide our personnel with personal and professional growth opportunities, including additional training,

performance-based incentives such as opportunities for stock ownership, and other competitive benefits.

Our experienced employees and management team are

our most valuable resources.

Attracting, training, and retaining key personnel has been and

will remain critical to our success.

To achieve our human capital goals, we intend to stay

focused on providing our personnel with entrepreneurial opportunities to expand our business

within their areas of expertise.

We will also continue to provide our personnel with personal

and professional growth opportunities, including additional training, performance-based incentives

such as opportunities for stock ownership, and other competitive benefits.

Sales and Marketing Resources.

We intend to invest in sales and marketing infrastructure to capitalize on the growth in the

market and expand our go-to-market strategy.

Today, we use a direct sales force, as well as resellers, and will continue expanding

through the use of independent sales agents, utilities, solar distributors, contractors, automotive manufacturers and dealers.

We intend to invest in sales and marketing infrastructure

to capitalize on market growth and expand our go-to-market strategy while maintaining a disciplined

approach to expenses.

Today, we use a direct sales force, as well as resellers and distributors,

and will continue expanding through the use of independent sales agents, utilities, contractors,

automotive manufacturers, and dealers.

Strategic Acquisition Opportunities.

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 Networks.

We seek domestic and international acquisition

opportunities which are accretive towards our profitability targets, while allowing us to

expeditiously expand our footprint of EV charging station locations, product offerings and

enhance our Blink Network.

Our Early Mover Advantage.

We continue to leverage our extensive and defendable first-mover advantage and the digital customer

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

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.

We continue to leverage our extensive and defendable first-mover

advantage and the digital customer experience we have created for both EV drivers and Property

We believe that hundreds of thousands of Blink driver registrants appreciate the

value of transacting charging sessions on established robust networks.

Blink chargers are

primarily deployed throughout the United States, Europe, Mexico, and Central America.

commonly exhibit a preference for remaining with a single, cohesive network.

● Appropriately

Capitalize Our Business.

We continue to pursue new potential capital sources to deliver critical operational objectives and

the necessary resources to execute our overall strategy.

The EV charging industry as a whole is undercapitalized to deliver the full

potential of the expected EV market growth in the near future.

We expect to retain our leadership position with new growth capital

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.

We continue to pursue new potential capital sources to deliver

critical operational objectives and the necessary resources to execute our overall strategy.

The EV charging industry, as a whole, is undercapitalized to deliver the full potential of

the expected EV market growth in the near future.

We expect to retain our leadership position

with new growth capital as required.

● Integration

of Four Recent Acquisitions.

On April 18, 2023,

we completed the acquisition of Envoy Technologies, Inc.

Envoy is a car sharing platform with an iOS/Android app that provides on-demand

electric vehicles as an amenity to apartments, office buildings and hotels.

The company equips real estate owners and operators with a

new and innovative way to enhance the lifestyle of their tenants, members and guests by providing “Mobility as an Amenity™

service,” a platform that offers a technology to reserve and access vehicles, driver insurance, maintenance, electric vehicle chargers,

electric fleet, fleet maintenance, full-service mobile app, customer support and robust analytics.

Envoy provides the technology, operations

and vehicles to implement private and dedicated auto-sharing as an amenity for any community.

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.

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.

Albans, United Kingdom, EB is a leading

provider of electric vehicle charging and sustainable energy solutions and technologies.

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.

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.

These business models provide a high degree of flexibility to match host location goals and objectives for EV charging with our industry-leading

equipment acquisition solutions.

Our team identifies locations that have the potential to create long-term, recurring value for the Property

Partner and Blink.

Sales personnel are able to pivot to traditional equipment sales or charging-as-a-service models when, and if, a location

is not identified as a promising generator of future recurring revenues.

The team strives to maintain a balance between equipment sales

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

equipment and software solutions.

Our team identifies locations that have the potential to create long-term, recurring value for the

Property Partner and Blink.

Sales personnel are able to pivot to traditional equipment sales or charging-as-a-service models when, and

if, a location is not identified as a promising generator of future recurring revenues.

The team strives to maintain a balance between

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

business models.

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

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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

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.

(connectivity to the Blink Networks), and extended warranty service plans.

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, BestBuy and other online retailers, to reach the single-family residential charging market in the United

2023, we entered into agreements with new major customers, including the United States Postal Service (“USPS”), Mack Trucks,

McArthurGlen, BluePoint, Mike Albert Fleet Solutions, Royal Farms, John Henry General Store, Moberly Motor Company, Arcos Dorados (McDonald’s

Puerto Rico), AAA, Allegiant Stadium (Las Vegas), Village of Tuckahoe (NY), Miami Beach (FL), Metropolitan Government of Nashville-Davidson

County, Salt Lake City International Airport, and others that expand our potential for unit sales and deployments.

Similarly, in 2022,

we entered into agreement with new major 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 (GA), Rockford (IL), Newton (IA),

Winslow (NJ), Leeds (U.K.) and others.

Along with these new business relationships, we 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, Utah State, 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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in-house staff performs a variety of marketing activities.

Our marketing team works to promote and sell our services to property owners

and managers, parking companies, and EV drivers.

We also utilize marketing and communication channels, including press releases, email

marketing, website (www.blinkcharging.com), pay-per-click advertising, social media marketing, webinars, sponsorships and partnerships,

advertising, and conferences.

Our websites’ 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 marketing team works to promote and sell our services to a variety of

vertical markets, and directly to EV drivers.

We also utilize marketing and communication channels, including press releases, email marketing,

website (www.blinkcharging.com), pay-per-click advertising, social media marketing, webinars, sponsorships and partnerships, advertising

and conferences.

Our websites’ 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.

continue to invest in improving our company-owned stations’ service and maintenance and those stations with service and maintenance

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mixed-use, 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, and (ii) expanding

restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations, (ii) expanding

our sales channels to wholesale distributors, utilities, auto original equipment manufacturers (“OEMs”), solar integrators,

and dealers, which will include implementing EV charging station occupancy fees (after charging is completed, fees for remaining connected

to the charging station beyond an allotted grace period), and subscription plans for EV drivers on our company-owned public charging

to the charging station beyond an allotted grace period) and subscription plans for EV drivers on our company-owned public charging locations,

(iii) adding additional charging stations in locations with increasing utilization metrics, (iv) offering Blink Care (silver / gold),

and (v) offering warranty for our chargers and services.

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

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.

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,

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.

revenues are primarily derived from fees charged to EV drivers for EV charging in public locations, EV charging hardware sales, government

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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.

EV car-sharing program through Envoy and BlueLA, which allow customers the ability to retain electric vehicles through a subscription

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

Our charging stations are displayed

in Google Maps, along with other relevant information.

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.

in Google Maps.

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

primarily on Europe, United Kingdom, 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.

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.

Albans, United Kingdom, EB is a leading

provider of electric vehicle charging and sustainable energy solutions and technologies.

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.

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 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 Indian subsidiary, Blink Charging Software Solutions Ltd.

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 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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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.

equipment market include Flo, Volta, Clipper Creek, StarCharge, 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, which we believe will change as

a number of OEMs have announced transitioning to the North American Charging Standard (NACS) used by Tesla.

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

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

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

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

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.

Funding sources in the U.S.

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

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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

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.

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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.

Our board-level ESG Committee, with active

management participation, will oversee our ESG initiatives and priorities.

Regulation and Incentives

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vehicle adoption at the federal, state and local levels.

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

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

The Federal Government provides a personal income tax credit for qualified buyers

and plug-in electric vehicles, with a maximum of $7,500, depending on vehicle weight and battery capacity, income levels, and battery

sourcing origin.

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

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

Safety for All Employees – Includes health hazard communication, emergency exit plans, electrical safety-related work practices,

office safety, and hand-powered tools.

and Engineers – Only authorized persons (technicians and engineers) perform product testing and repair in the facility’s

production and engineering areas, including those engineers involved in field service work.

Regulations include control of hazardous

energy and personal protective equipment.

– Includes forklift operations performed only by certified shipping/receiving personnel and material handling and storage.

Safety for All Employees – Includes health hazard communication, emergency exit plans,

electrical safety-related work practices, office safety, and hand-powered tools.

● Technicians

and Engineers – Only authorized persons (technicians and engineers) perform product

testing and repair in the facility’s production and engineering areas, including those

engineers involved in field service work.

Regulations include control of hazardous energy

and personal protective equipment.

● Logisticians

– Includes forklift operations performed only by certified shipping/receiving personnel

and material handling and storage.

fully comply with the general industry category’s environmental regulations applicable to us as a CESQG.

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on legislative and regulatory matters, and collecting, analyzing, and disseminating industry data.

All of our US products comply with

the NEMA standards that apply to such products.

All products distributed within the

adhere to the applicable NEMA standards governing such merchandise.

Handling and Disposal

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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.

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

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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

meet all 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.

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

We emphasize several measures and objectives

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

We emphasize several measures and objectives in

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

engagement, development and training, diversity and inclusion, and compensation and pay equity.

and Employee Safety and Wellness .

In response to the COVID-19 pandemic, we implemented significant changes that we determined were

in the best interest of our employees as well as the communities in which we operate.

These measures include allowing most employees

to work from home and implementing additional safety measures for employees continuing critical on-site work.

We believe in supporting

our employees’ health and well-being.

Our goal is to help employees make informed decisions about their health by providing the

tools and resources necessary to achieve a healthier lifestyle.

We offer our employees a wide array of benefits such as life and health

(medical, dental, and vision) insurance, paid time off and retirement benefits, as well as emotional well-being services through our

health insurance program.

and Inclusion and Ethical Business Practices.

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business outcomes.

We are committed to recruiting, retaining, and developing high-performing, innovative and engaged employees with diverse

backgrounds and experiences.

We are committed to recruiting, retaining, and developing high-performing, innovative, and engaged employees with

diverse backgrounds and experiences.

This commitment includes providing equal access to, and participation in, equal employment opportunities,

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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.

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 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 2024 Annual Meeting of Stockholders, which we will file with the SEC and will be available, free of charge, on our website.

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