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

  • AV/ridesharing mix wins major auto investment
    May 5, 2016
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More
  • Partnership delivers video surveillance solution
    November 28, 2012
    In a partnership designed to address and overcome the challenges of the amounts of data generated by digital video surveillance systems, video surveillance and security products supplier Samsung Techwin is to collaborate with computer and IP storage provider Pivot3 to offer a unified IP video surveillance solution to new and existing clients. By combining Pivot3 vSTAC Watch appliances with Samsung video management software and security cameras, surveillance users can leverage one appliance for the viewing,
    Read More
  • Chargepoint and TSG partner to fuel EV charging solutions
    November 14, 2017
    ChargePoint (CP) and the Technical Services Group (TSG) has announced an agreement covering site construction, installation and maintenance, together with a reseller partnership to provide electric vehicle (EV) charging solutions and services to business throughout Europe. The partnership aims to accelerate the shift to electric mobility and give businesses an opportunity to evolve with the changing landscape. Initially, CP and TSG will work together in France, Germany, Ireland, the Netherlands and the UK
    Read More
  • Using electricity to power road freight
    October 22, 2014
    Next year sees the start of the first real-life electrified road system for transporting freight. Worldwide freight transportation is predicted to double by 2050 but despite expansion of global rail infrastructure only one third of this additional freight transport can be handled by trains. This means that the largest proportion of freight transport will continue to be by road and as a result, experts expect global CO2 emissions from road freight traffic to more than double by 2050.
    Read More

Highlighted Content