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

  • CBI calls for new approach to road funding
    October 11, 2012
    The Confederation of British Industry (CBI) calls for road charging should be introduced on the strategic road network in England. Proposals in the report, Bold Thinking: A model to fund our future roads also suggest that responsibility for the network’s budget should be taken away from the Department for Transport (DfT) and given to an independent regulator. Launching the report, CBI director-general John Cridland said a regulatory asset base (RAB) model was required to address the problem of long-term fu
    Read More
  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More
  • Siemens launches Mobility IDEA contest
    September 4, 2014
    Siemens Road and City Mobility announced the launch of its Mobility IDEA (Improving Design and Engineering for All) contest, an initiative to find innovative ideas to help solve five of the toughest challenges facing the traffic industry. Contest winners will be invited to participate in a product prototyping workshop with Siemens technology experts. Siemens will also reward the top three universities by number of submissions with a traffic control software grant worth US$150,000 to help train future traffi
    Read More
  • Latest round of TIGER funding announced
    August 1, 2016
    Nearly US$500 million will be made available for transportation projects across the US in the eighth round of the highly successful and competitive Transportation Investment Generating Economic Recovery (TIGER) grant program. Announcing the funding, US Transportation Secretary Anthony Foxx highlight how this will improve safety and economic opportunity in two US territories, 32 states and 40 communities across the country. This year’s TIGER awards include US$19 million to Pittsburgh, Pennsylvania fo
    Read More

Highlighted Content