Blink Charging announced a partnership with Korian Belgium, a leading provider of elderly‑care services, to install more than 200 Blink‑owned DC fast chargers across 90 Korian facilities nationwide. The deployment will be fully financed by Blink, which will handle installation, operation, maintenance and customer support, while Korian will receive an income stream from network fees.
The project will feature 220 planned charging ports, with three sites already operational. Blink will provide the chargers, software and 24/7 support, and Korian will benefit from a recurring revenue stream. The majority of the network is slated for completion by the end of 2026, and a similar rollout is planned for Korian Netherlands.
This partnership expands Blink’s European footprint and adds a significant recurring revenue source, aligning with the company’s “Blink Forward” strategy that prioritizes service over product sales. Adding 200 chargers to its portfolio is expected to increase network utilization, enhance data collection for its cloud platform, and strengthen Blink’s competitive position against larger players such as ChargePoint and Tesla, where scale drives utilization and margin potential.
Blink’s recent financial performance provides context for the significance of the deal. Q4 2023 revenue was $42.7 million, up 89% year‑over‑year, and full‑year 2023 revenue was $140.6 million, up 130% from 2022. Q1 2024 revenue was $37.6 million, up 73% year‑over‑year. While the specific financial terms of the Korian deal are not disclosed, the partnership is expected to generate recurring service revenue for Blink through its Blink Network platform.
Chris Carr, Senior Vice President of Sales and Business Development for Blink, said, “This new network of the planned 90 locations provides charging across Belgium.” Dominiek Beelen, Korian’s CEO, added, “By teaming with Blink and moving forward with our EV infrastructure goals, we not only strengthen our Corporate Social Responsibility strategy, but we also reaffirm our shared mission to bring a heightened level of convenience to the families and employees at Korian locations, and surrounding residents.” He also noted, “We look forward to working closely with Blink to make these sustainability and accessibility goals a reality in Belgium and beyond.”
The fully financed model removes upfront capital costs for Korian, creating a low‑barrier entry point that could be replicated in future partnerships. The recurring revenue model supports Blink’s shift toward predictable income streams, while the deployment in the elderly‑care sector provides a stable, long‑term demand base. Together, these factors enhance Blink’s competitive positioning and reinforce its strategy of expanding service offerings in high‑density, high‑usage environments.
Overall, the deal signals Blink’s continued push into European markets and its focus on building a robust, service‑driven charging network that can generate recurring revenue and support long‑term growth.
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