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

  • EV rental agreement for Europe
    April 17, 2012
    Opel/Vauxhall, one of Europe’s largest automakers, and leading car rental company Europcar, have announced an agreement to introduce the Opel/Vauxhall Ampera as a rental car throughout Europe. The intention is to deploy the first vehicles in Europcar rental outlets in Germany in November of this year, followed soon afterwards by Belgium and the Netherlands. The Opel/Vauxhall Ampera will then be rolled out throughout France, Italy, Portugal, Spain and the UK from the beginning of 2012.
    Read More
  • Siemens tests eHighway system
    August 7, 2014
    Siemens, in conjunction with Volvo, is to trial an eHighway system on a two-mile stretch of highway in California in the vicinity of the ports of Los Angeles and Long Beach. The company was awarded the contract by Southern California’s South Coast Air Quality Management District (SCAQMD) with the objectives of eliminating local emissions, reducing the consumption of fossil fuels and cutting the operating costs of trucks. The two ports are seeking an emission-free solution, Zero Emission I-710 Project, for a
    Read More
  • Slough implements Siemens Comet
    October 3, 2012
    Slough Borough Council (SBC) in the UK has joined the growing number of UK local authorities to deploy the latest version of Comet, Siemens’ traffic management and information system. Comet will enable SBC to meet its policy, operational and travel information requirements including the ability to set network strategies. The solution will provide a command and control system for strategic variable message signs (VMS) and car park guidance and will also provide dynamic content to SBC’s planned internet and
    Read More
  • University of Michigan’s M City to test autonomous driving
    March 27, 2015
    The University of Michigan is creating the Mobility Transformation Center (MTC), in partnership with government and leading tech companies, as a means to test and develop the infrastructure and in-vehicle components to make autonomous vehicles a reality. M City, the nickname for the MTC, is a mock city that allows developers to test a fully autonomous driving experience in a real-world environment. With completion scheduled for July, the 32-acre facility on U of M’s North Campus will include buildings,
    Read More

Highlighted Content