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

  • Q&A: Spire Payments
    November 20, 2013
    Kazem Aminaee, President and CEO of Spire Payments, talks to CARTES Daily News about challenges and opportunities – and about why the industry must embrace change Q Can you give a brief outline of Spire’s current business priorities? A To remain the fastest-growing European-based POS supplier and best alternative to traditional POS suppliers; to remain the leader in mobile POS; to remain the centre of excellence for T42xx and M43xx technology and to provide the best in kind call centre, logistics and
    Read More
  • US FY 2016 budget invests heavily in ITS, infrastructure
    February 3, 2015
    Announcing President Obama’s US$94.7 billion Fiscal Year 2016 budget for the US Department of Transportation, Transportation Secretary Anthony Foxx said, “Our budget proposal lays the foundation for a future where our transportation infrastructure meets the demands of a growing population and an economy that depends on the free flow of freight,” said Secretary Foxx. “This Administration is looking towards the horizon – the future – but to do this we need Congress’ partnership to pass a long-term reauthorisa
    Read More
  • ABB launches 450kW fast chargers for electric buses, Gothernburg
    November 23, 2017
    ABB has launched a project with Volvo Buses, Västtrafik and Göteborg Energi (GE) to supply two of its 450kW Opportunity Charging systems to charge two high capacity electric-articulated Volvo buses in Gothenburg, Sweden. These fast chargers will be installed at Sahlgrenska University Hospital and Eriksberg Square, on line 16 of the City’s bus network. The order comes after a successful two-year trial under the ElectriCity venture, during which 10 all-electric or partially electrified buses have run on the
    Read More
  • Early bird registration open for Asecap Days 2025
    January 21, 2025
    Tolling event takes place in Spanish capital Madrid from 26-28 May
    Read More

Highlighted Content