Blink Charging Lands Key Contract, Accelerating EV Adoption in Public Sector

NEW YORK, NY – November 17, 2025 – Blink Charging Co. (NASDAQ: BLNK) has secured a contract with Sourcewell, a cooperative purchasing program, significantly expanding its reach into the public sector and positioning the company as a key player in the burgeoning EV infrastructure market. The agreement, effective through September 18, 2029, with potential three-year extensions, will simplify the process for over 50,000 government, educational, and nonprofit agencies to procure EV charging solutions.

Streamlining Access to EV Infrastructure

The contract grants Sourcewell member agencies access to Blink's full suite of charging solutions, encompassing Level 2 and DC fast chargers, along with installation, maintenance, network management, and support services. This cooperative purchasing agreement is designed to cut through bureaucratic hurdles and reduce costs for public entities looking to electrify their fleets and provide charging access for employees and the public. “The biggest challenge for many public sector organizations isn’t necessarily the desire to adopt EVs, but the complexity of the procurement process,” explained a procurement official at a Midwestern university. “Agreements like this make it much easier and faster to get the infrastructure in place.”

Sourcewell functions as a centralized procurement resource, conducting competitive bidding processes on behalf of its members. This eliminates the need for individual agencies to launch their own RFPs, a process that can be time-consuming and resource-intensive. By leveraging Sourcewell's collective buying power, agencies can secure more favorable pricing and streamlined contract terms. “This isn’t just about cost savings; it's about accelerating the transition to a sustainable transportation future,” noted an analyst specializing in EV infrastructure.

Blink Charging's Strategic Push into the Public Sector

This contract represents a strategic win for Blink Charging, allowing the company to tap into a growing market segment. While the company has traditionally focused on commercial and residential charging solutions, the public sector presents a substantial opportunity for long-term revenue growth. “We see the public sector as a critical driver of EV adoption,” stated a Blink Charging representative. “This agreement allows us to offer a comprehensive solution to agencies that are committed to sustainability.”

While Blink’s recent financial performance has been mixed, with full-year 2024 revenues decreasing slightly from the previous year, the company is actively shifting its focus toward recurring service revenue. The contract with Sourcewell aligns with this strategy, as it will generate ongoing revenue from maintenance, network management, and other services. Despite short-term volatility, analysts believe Blink's long-term prospects are positive, given the increasing demand for EV infrastructure. The company aims for positive adjusted EBITDA in the second half of 2025, hoping to stabilize their financials and achieve sustainable growth.

Impact on Public Sector EV Adoption

The timing of this agreement is particularly significant, as public sector entities are increasingly prioritizing EV adoption. Driven by environmental sustainability goals, cost savings, and positive public image, government agencies, educational institutions, and nonprofit organizations are actively electrifying their fleets and installing charging infrastructure. President Biden's Executive Order mandating a fully electric federal fleet by 2035 is further accelerating this trend. The GSA ordered over 5,800 zero-emission vehicles in the last fiscal year alone, demonstrating the federal government’s commitment.

Local governments are also making strides. New York City, for example, aims to transition at least 84% of its municipal fleet to electric by 2035. “The biggest hurdle for cities and towns isn’t necessarily the cost of the vehicles themselves, but the lack of charging infrastructure,” said a city planner in the Northeast. “This contract will make it much easier for us to deploy chargers across our facilities.” The streamlined procurement process offered by Sourcewell and Blink Charging is expected to significantly accelerate the deployment of charging infrastructure in communities across the country.

Furthermore, the contract simplifies the process for smaller agencies, such as school districts and libraries, that may lack the resources to navigate complex procurement processes. “For a small rural school district, this is a game-changer,” explained a transportation director in the Midwest. “We’ve been wanting to transition to electric school buses, but the procurement process was overwhelming. This contract makes it much more feasible.”

Blink Charging’s contract with Sourcewell is a pivotal development in the EV infrastructure landscape, promising to unlock wider adoption in the public sector and accelerate the transition to a more sustainable transportation future. The agreement’s success will likely depend on Blink’s ability to effectively manage installation, maintenance, and network management services for a diverse range of agencies.