Blink Charging Co.

Good day, ladies and gentlemen, and welcome to your Blink Charging Company second quarter 2021 earnings call. All lines have been placed on a listen-only mode, and the floor will be open for your questions and comments following the presentation. If you should require assistance throughout the conference, please press star zero to reach a live operator. At this time, it is my pleasure to turn the floor over to Jennifer Belladeau of IMS Investor Relations. Ma'am, the floor is yours.

Thank you. Good afternoon, everyone, and welcome to Blink Charging's second quarter 2021 investor call. On the call today, we have Michael Farkas, founder and CEO, Brendan Jones, president, and Michael Rama, chief financial officer. I would like to take a minute to read the Safe Harbor statement. This conference call contains forward-looking statements as defined within Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. These forward-looking statements in terms such as anticipate, expect, intend, may, will, should, or other comparable terms involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. including those described in Blink's periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. I'll now turn the call over to Michael Farkas, CEO of Blink Charging. Go ahead, Michael.

Good afternoon, everyone. Thank you for joining us. This was a very exciting quarter for Blink as we made considerable progress with our owner-operator strategy, we expanded internationally, we added some of the best in the industry to our team, and continued to position ourselves as a leader and innovator in the EV industry. Second quarter revenue grew 177% compared to the second quarter of 2020 as we continued to aggressively expand our geographic footprint. During the quarter, we made tremendous progress with 3,264 commercial and residential chargers contracted, sold, or deployed, and the number of commercial Blink-owned charging stations contracted or deployed grew more than 46% compared to the same period in 2020. Location is the key for our chargers as more individual drivers and fleets transition to greener transportation. and we prepare the charging infrastructure that will be necessary as utilization increases. We continue to make solid progress during the quarter, securing locations in high-density, high-volume venues like hotels, multifamily residentials, mixed-use facilities, and healthcare networks. We believe our industry is poised for exponential growth, and we are aggressively scaling our business not just here in the United States, but around the world to ensure that we are in the best position to capitalize on the long-term opportunities associated with the global progression to EV use. As the world transitions to driving EVs, Blink can prepare the way by providing our chargers as a key component to what will be a much-in-demand infrastructure, the national infrastructure charging stations around the world. With a future in mind, we've enlisted and will continue to pursue the best talent available in the EV charging industry to help evaluate our technology and our market presence. During the quarter, we announced the addition of Harjinder Bhatti as our new chief technology officer. Mr. Bhatti is an industry veteran and an exceptional leader with extensive knowledge of the EV charging space, and he was a founder of ChargePoints. As we continue to expand globally, we're confident that Harjinder's proven track record of success as a software engineer and senior executive will be instrumental to the growth of Blink Charging. We're also thrilled to welcome Miko Dahan as the new managing director of our European subsidiary, Blink Holdings BV. As I'll detail in a minute, we believe Europe represents tremendous growth opportunity, so it makes sense for us to enhance our operating presence there. Finally, we recently strengthened our board with the addition of technology and infrastructure leader Carmen Perez-Calton. She brings many years of senior executive experience, including leadership roles and operations, finance and sales and marketing, and we are confident that she's ideally suited to provide advice and guidance as Blink continues to grow and evolve. As chair of our newly formed Environmental, Social, and Governments Committee, she will be forging new and important territory for our company. In perhaps the most notable development of the quarter, we advanced our international strategy with the acquisition of European EV charging operator, Blue Corner.