Blink Charging Co to Partner With Whole Foods – Shares Soar

Blink Charging Co

Shares of the Florida-based electric vehicle charging station provider and operator, Blink Charging Co. (NASDAQ:BLNK) have soared over 150% Monday morning.

The company announced that it will be adding its charging stations to parking lots of the popular organic foods supermarket Whole Foods (WFM:DBin the US.

Currently, three Blink Charging electric vehicle stations have been added to Whole Foods stores in Pennsylvania and plan to be “integrated into the development of more stores when they open.”

The locations include Lancaster at Fruitville Pike, Spring House at Bethlehem Pike, and Exton at North Pottstown Pike.

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All of the charging units will connect to the Blink Charging cloud-based system which tracks and manages all of the company’s electric vehicle stations.

Chief Executive Officer of Blink Charging, Mike Calise, has said that providing charging stations “to Whole Foods shoppers is an exciting endeavor because it supports our commitment to making EV charging more accessible.”

The addition of these new charging stations is said to be “an important ingredient to Whole Foods’ continued commitment to sustainability and customer service.”

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Calise has also said that “Whole Foods Market [have] always been on the frontlines of innovation in sustainability, and so [Blink Charging] [is] eager to be working with them on their new locations.”

Shares of Blink Charging Co have surged up over 150% since the announcement was made earlier today.

As of 1:00 pm EDT shares were trading at a value of a little under $4.00 USD. This is the highest share value that the company has seen since February of this year.

The company opened on this morning at a share value of $1.95 and have already reached a high of $4.70.

Comparatively, Blink Charging closed at $1.48 on Friday, after opening at $1.47.

Featured Image: Twitter