Blink Charging Sells Envoy Technologies to Blade Ranger

Blink Charging Co. announced the sale of its wholly-owned subsidiary, Envoy Technologies, to Blade Ranger Ltd., an Israeli publicly traded company. This divestment aligns with Blink's strategy to transition to a more focused owner-operator model, aiming to enhance capital allocation, reduce operational complexity, and strengthen financial performance. The transaction involves a combination of cash consideration and a convertible note, allowing Blink to monetize the asset while retaining exposure to future value.