Shares of micro-cap Blink Charging (BLNK) are surging after the company announced that it has deployed charging stations at three Whole Foods Markets and will be integrated into the development of more stores when they open.
“Whole Foods Market has always been on the frontlines of innovation in sustainability, and so we are eager to be working with them on their new locations. Whole Foods knows that providing Blink Charging Stations at their stores not only delivers a needed amenity for their EV customers, it also provides the infrastructure for the future of transportation which has already reached a tipping point,” said Blink Charging's CEO Mike Calise.
Whole Foods is a unit of Amazon (AMZN) after having been acquired by the e-commerce giant last summer. In morning trading, Blink Charging, which has a market cap of under $50M, is up 91c, or 61%, to $2.40 per share.