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

  • Spanish city to test 200 EVs
    May 9, 2013
    The Spanish city of Malaga is to participate in the four-year Zem2All project to study the impact that the use of electric vehicles (EVs) have on the city. During the tests an in-depth study of the impact of EVs on the electricity grid will be carried out and the conditions for a widespread use of electric cars will be analysed. Researchers say results should provide information on the impact and management of e-mobility resources in cities of the future, ranging from the use of cars, charging infrastructur
    Read More
  • Personal Rapid Transit, clear benefits for European cities
    July 26, 2012
    David Crawford watches the race to get the world's first PRT system up and running. To paraphrase the old joke about buses bunching, you seem to have to wait several decades for a Personal Rapid Transit (PRT) system, and then half a dozen come along together. Currently, in fact, there are well over that number of schemes for driverless electric passenger-carrying 'pod' networks at various stages of planning, design and implementation around the world. Locations range from a straight-off-the-drawing board ne
    Read More
  • BMW to launch ParkNow mobile parking service in San Francisco
    August 21, 2012
    At a press conference yesterday with San Francisco Mayor Ed Lee, BMW Group board member Dr Ian Robertson announced the upcoming launch of ParkNow, an innovative mobile parking solution that is a joint venture with Urban Mobility, and provided new details about DriveNow, a premium car-sharing service which features a fleet of BMW ActiveE all-electric vehicles. San Francisco serves as the initial US market for each service.
    Read More
  • Most EV charging ‘takes place at home’
    July 30, 2015
    New analysis by plug-in vehicle campaign Go Ultra Low suggests that British motorists could no longer have to rely on the conventional petrol station. More than 90 per cent of electric vehicle (EV) charging takes place at home while total charging volumes have almost tripled since 2014, according to new usage data from leading infrastructure provider Chargemaster. Coupled with bumper uptake of plug-in vehicles – more than 14,500 were registered in the first half of 2015 – the new findings point to the po
    Read More

Highlighted Content