Nayax has announced the acquisition of Lynkwell, an artificial-intelligence-enabled EV charging platform. Nayax says this deal will integrate Lynkwell’s advanced management software with its existing payment technologies, resulting in a unified solution for EV charging infrastructure deployment and operation.
Lynkwell’s platform has been evaluated and approved by numerous utilities, government funding programs, and procurement contracts. The acquisition will give Nayax partners direct access to Lynkwell’s suite of tools designed to help manage EV charging infrastructure across public domains—such as retail, multi-family housing, workplace, fleet and government settings. Currently, Lynkwell serves hundreds of fleets, including two of the largest in North America, and its software platform manages thousands of chargers hosted on multiple networks.
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The combined platform, Nayax says, will maximize both financial and operational benefits for commercial and public charging applications.
Nayax funded the acquisition with $25.9 million in cash at closing, with the potential for additional earnouts based on post-closing profitability. Lynkwell reported audited revenues of $17.1 million for 2024 and substantial year-over-year growth.
“Lynkwell is an important partner in our strategy to build a comprehensive platform for EV charging,” said Aaron Greenberg, Chief Strategy Officer of Nayax. “Together we are opening the door to a more connected and intuitive charging experience, one where software and payments work in harmony to support the next generation of charging networks.”
Source: Nayax
