BladeRanger announced the acquisition of Envoy Technologies, a U.S.-based electric mobility platform, from Blink Charging in a transaction valued at approximately $14 million. The deal expands BladeRanger’s presence in the United States and strengthens its position in the growing electric transportation and shared mobility markets.
Envoy operates a technology-driven electric vehicle sharing platform serving premium residential communities, multifamily properties, hospitality locations, and corporate campuses across the country. Through its proprietary mobile application, users gain on-demand access to electric vehicles. At the time of the acquisition, Envoy’s platform included approximately 186 electric vehicles deployed across 34 locations nationwide.
BladeRanger noted that Envoy had previously pursued a path toward becoming a public company through a confidential draft Form S-1 filing with the U.S. Securities and Exchange Commission. Although that process was paused before the acquisition, the company said the groundwork established through the filing created a strong foundation for compliance and corporate governance. BladeRanger said it plans to evaluate a potential initial public offering for Envoy alongside efforts to accelerate commercial growth.
The acquisition represents the third Nasdaq-related transaction completed since Shmuel Yannay became the controlling shareholder of BladeRanger. The company intends to support Envoy’s expansion through fleet growth, geographic diversification, operational improvements, strategic partnerships, and continued investments in technology and customer experience.
KEY QUOTES:
“Securing Envoy is a pivotal step forward for BladeRanger as we build on a track record of executing high-value business transactions. Through this acquisition, we gain immediate access to a highly scalable electric mobility platform with active, nationwide operations in the U.S. We are fully committed to enhancing Envoy’s operational efficiencies and expanding its market presence. Ultimately, we aim to drive significant long-term shareholder value, utilizing both a robust commercial roadmap and the evaluation of strategic alternatives for a potential public listing.”
Shmuel Yannay, Chief Executive Officer and Controlling Shareholder, BladeRanger
“Welcoming Envoy Technologies to BladeRanger underscores our commitment to high-growth, scalable opportunities. By aligning Envoy with BladeRanger’s operational capabilities and strategic ecosystem, we are uniquely positioned to capture the accelerating demand in the U.S. market. We look forward to realizing the full potential of this platform, leveraging its advanced structural readiness toward a potential IPO, and driving a promising new phase of enterprise expansion.”
Hagay Climor, Chairman, BladeRanger
