EVwire brief: Blink Charging has agreed to sell Envoy Technologies, its EV car-sharing subsidiary, to Blade Ranger, an Israeli publicly traded company, as it sharpens its focus on its core charging business.
Blink will receive a mix of cash and a convertible note, though no price has been disclosed. The cash-and-convertible-note structure gives Blink immediate proceeds while keeping some exposure to Envoy's future upside.
Blink Charging CEO Mike Battaglia stated that the sale optimizes Blink around "what we do best, operating high-performing charging infrastructure at scale."
“This is a thoughtful decision grounded in how we are building Blink for the next decade and beyond. […] Divesting Envoy reduces complexity, strengthens our financial performance, and allows us to direct capital toward the areas that drive durable returns for Blink’s shareholders.”
The CEO posted about the deal on LinkedIn as well.
Blink Charging’s subsidiary Blink Mobility acquired Envoy on April 2023
For Blade Ranger, an Israeli company focused on technology for renewable-energy assets, Envoy fits a push into EV-driven mobility. Chairman Hagay Climor said the acquisition aligns with plans to "scale innovative, EV-driven transportation solutions globally" and to grow Envoy's vehicle network.
“Envoy fits perfectly into our renewable energy vision[…] We see substantial opportunities to add value, enhance the platform, and grow Envoy’s vehicle network.”
The deal is subject to standard post-closing conditions, and Blade Ranger is expected to issue its own announcement.
Envoy’s premium electric vehicle fleet is available in numerous locations, including Hawaii, where they offer a Model 3 at the Ko'a Kea Resort
Context:
Envoy runs a shared-EV platform, placing electric cars on-site as an amenity at properties such as apartment communities and resorts. We covered the business when Envoy launched a luxury EV car-sharing service at East West Hospitality properties in Colorado last year.
At the time, Envoy expanded its service at Electric Pass Lodge, hosting two Tesla Model Ys at the location. At Snowmass Base Village, Envoy introduced a 2025 Rivian R1S for guests, all reservable through Envoy’s mobile app.
Worth noting: There was a time when Envoy seemed set for an IPO. The EV car-sharing company initially filed for a traditional Nasdaq IPO in February 2025 under the ticker "EVOY," but pivoted to a direct listing a few months later. That plan stalled and was ultimately withdrawn in 2026, with Envoy being acquired by Blade Ranger instead.
Source: Blink Charging
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