Blink Charging Inks Deal To Provide EV Charging To McDonald's Locations In Puerto Rico

Blink Charging Co BLNK has entered into an agreement with Arcos Dorados Holdings Inc. ARCO to provide EV charging solutions to five restaurants in Puerto Rico.

Arcos Dorados is an independent McDonald's Corporation MCD franchisee and a quick-service restaurant chain in Latin America and the Caribbean.

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. 

Also Read: McDonald's LatAm Franchisee Arcos Dorados Boasts More Than 17% Sales Growth For Q2

These are the fastest Level 2 (L2) AC charging stations available, capable of delivering up to 80 amps of output. 

The chargers will be ready to provide EV charging services to customers by the end of summer.

Thus far, Blink has successfully sold or deployed 2,138 chargers across eight countries in LATAM since its market entry in 2020.

Price Action: BLNK shares are trading lower by 2.90% at $4.5250 on the last check Tuesday.