Business
Blink Charging Signs Agreement with Global Quick Service Restaurant Franchisee Arcos Dorados to Provide EV Charging to McDonald’s Locations in Puerto Rico
Miami Beach, Fla., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner,
About this update from Blink Charging Co.
[{"type":"text","content":"Miami Beach, Fla., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced an agreement with Arcos Dorados, the largest independent McDonald's franchisee in the world and the largest quick-service restaurant chain in Latin America and the Caribbean, to provide EV charging solutions to five McDonald’s restaurants owned by Arcos Dorados in Puerto Rico. Under the agreement, beginning in August 2023, Blink-owned IQ 200 pedestal chargers will be installed at Arcos Dorados franchises throughout Puerto Rico including locations in Mayaguez, Fajardo, Ponce, and San Juan. These chargers will be ready to provide world-class and reliable EV charging services to customers by the end of summer. “We applaud Arcos Dorados for their visionary move and forward-thinking actions in integrating EV charging in their prominent restaurants throughout Puerto Rico,” expressed Juan C. Barahona, US & Global Director of Operations for Blink Charging. “Arcos Dorados’s leadership within the Latin American and Caribbean dining sector sets a remarkable precedent for embracing the EV revolution. Blink is thrilled to spearhead the international EV charging landscape through an expanded footprint of charging solutions now available in Puerto Rico.” The agreement between Blink and Arcos Dorados further establishes Blink’s strong presence in the Latin American market. Thus far, Blink has successfully sold or deployed 2,138 chargers across eight countries in LATAM since its market entery in 2020. The collaboration between Blink and Arcos Dorados represents another pivotal step in paving the way for global EV adoption. The collaboration will contribute to the development of EV infrastructure and support the growing demand for electric vehicles – with a forecasted 5.4 million electrified vehicles projected on Latin American roads by 2030. Arcos Dorados is the largest quick service restaurant chain throughout Latin America and the Caribbean, with exclusive rights to own, operate, and grant franchises of McDonald’s restaurants to locations in 20 countries including Argentina, Aruba, Brazil, Chile, Curaçao, Ecuador, Mexico, Panama, Peru, Puerto Rico, St. Thomas, Uruguay, and Venezuela. The extensive f...