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.

For more information on companies in this article

Related Content

  • Cost Benefit: Don’t waste your energy
    October 28, 2021
    There are ways that we can harvest power from the world’s roads – without necessarily building new infrastructure. David Crawford investigates some of these new approaches
    Read More
  • TRL pledges support for global initiative at UN Climate Summit
    October 2, 2014
    The UK’s Transport Research Laboratory (TRL)’s chief executive Rob Wallis, attending the United Nations Climate Summit in New York last week, was delighted to be able to pledge TRL’s support to the UEMI initiative, by UN-Habitat. “The UEMI initiative, aimed at substantially increasing the adoption of electric vehicles within urban environments, aligns strongly with TRL’s own strategy and current activities,” Wallis explained. “TRL is actively engaged in leading innovative research programmes to understan
    Read More
  • ITS America, automakers respond to Rubio-Booker 5.9 GHz spectrum legislation
    June 23, 2014
    The Intelligent Transportation Society of America (ITS America) and US automakers have responded to the announcement on legislation introduced by US Senators Marco Rubio and Cory Booker that would set deadlines on the Federal Communications Commission (FCC) for developing and publishing a test plan for the use of unlicensed devices in the 5.9 GHz band. The senators introduced S. 2505, the Wi-Fi Innovation Act, legislation to expand unlicensed spectrum use by requiring the Federal Communications Commissio
    Read More
  • OPINION: ITS must be included in EU Green Deal
    September 14, 2022
    To reach the objectives of the European Green Deal, a classification system has been developed to identify environmentally-sustainable activities. However, Richard Lax of Kapsch TrafficCom is worried that it might not have the intended effect – and ITS could lose out as a result…
    Read More

Highlighted Content