ChargePoint secures additional funding led by Siemens

Electric vehicle (EV) charging network supplier ChargePoint has secured an additional US$43 million in funding, led by Siemens, closing the US company’s latest funding round at US$125 million. The company had earlier secured US$82 million in its Series G round of US$82 million, led by Daimler.
July 3, 2017 Read time: 1 min

Electric vehicle (EV) charging network supplier 4825 ChargePoint has secured an additional US$43 million in funding, led by 189 Siemens, closing the US company’s latest funding round at US$125 million. The company had earlier secured US$82 million in its Series G round of US$82 million, led by 2069 Daimler.

The investment round will contribute to ongoing efforts to develop, with customers and complementary partners, a comprehensive EV charging network and enable ChargePoint’s full range of charging solutions for passenger cars, electric buses and trucks to be deployed across the region.

ChargePoint also announced the appointment of Ralf Christian, CEO of the Siemens Energy Management Division, to the company’s Board of Directors.

The new investment in ChargePoint is in line with Siemens’ general commitment to support the expansion of e-mobility in the European Union. As the market for e-mobility is expected to grow significantly, Siemens Energy Management sees a wider range of opportunities for future cooperation through complementary offerings addressing the full scope of its customers’ charging infrastructure needs.

Related Content

  • March 2, 2012
    Sensys Networks lands $8.5 million in funding
    Sensys Networks, a leading provider of integrated wireless traffic data systems for smart cities, has raised US$8.5 million in a new round of funding led by Siemens Venture Capital (SVC) with participation from existing investors Fuse Capital, Horizon Ventures, Voyager Capital and Gruener Ventures. SVC’s Michael Sears will also join the board of Sensys Networks. Describing the funding as an important milestone for the company, Dr. Amine Haoui, CEO of Sensys Networks, said, “This capital will allow Sensys Ne
    Read More
  • February 21, 2023
    Full analysis: Massive US EV infrastructure plan
    The White House has announced a huge financial boost, new standards, and major progress for a made-in-America national network of EV chargers to support the future of US EV charging
    Read More
  • March 14, 2018
    Tritium unveils European headquarters in Amsterdam
    Australia-based Tritium has announced the opening of a European headquarters in Amsterdam as part of a strategic development plan to bring its services and the manufacturing of its electric vehicle (EV) fast-charging solutions closer to clients around the world. Additionally, the facility will manage its sales programme across the territory and house a training and accreditation unit for technical servicing and support. It can also customise the company’s product range to meet local market needs and spe
    Read More
  • August 10, 2015
    Siemens electrifies Scottish businesses
    Siemens has installed electric vehicle (EV) charge points for businesses across Scotland, including Robert Gordon University (RGU) in Aberdeen, SGM Distribution and Edinburgh College. The company’s new and comprehensive range of Transport Scotland-compliant charging points includes AC chargers that provide both single and three phase charging via single or dual outlets, and can be floor standing, pole or wall mounted. Also included in the range is a triple outlet, multi-standard, rapid charging station
    Read More

Highlighted Content