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

  • Iteris to expand its iPerform data and analytics software solutions
    March 12, 2013
    Intelligent traffic management information solutions provider Iteris is expanding its iPerform traffic and weather-related data and analytics software offering. iPerform was established in 2011 and provides a new generation of intelligent traffic and weather-related information solutions. These solutions bring the power of big data to the prediction of traffic conditions and the delivery of actionable information to both the public and commercial marketplace. The segment’s initial product, IterisPeMS, is a
    Read More
  • Fleet management systems in Europe expected to reach 8.9 million by 2019
    November 20, 2015
    According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was 4.40 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.1 percent, this number is expected to reach 8.90 million by 2019.
    Read More
  • USDOT announces next generation CV funding
    September 15, 2015
    US Transportation Secretary Anthony Foxx has revealed that New York City, Wyoming, and Tampa will receive up to US$42 million to pilot next-generation technology in infrastructure and in vehicles to share and communicate anonymous information with each other and their surroundings in real time, reducing congestion and greenhouse gas emissions and cutting the unimpaired vehicle crash rate by 80 per cent. As part of the Department of Transportation (USDOT) national connected vehicle pilot deployment progra
    Read More
  • Huawei opens door to new opportunities in transport & logistics
    December 18, 2024
    By addressing the four key elements of a transportation network’s composition with a state-of-the-art digital solution, Huawei is bringing significant performance uplifts to all aspects of railway operations
    Read More

Highlighted Content