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

  • GHSA and Ford funding aims to improve road safety for teenagers
    March 29, 2023
    $94,000 in grants will support schemes in Missouri, Montana, New York and Oklahoma
    Read More
  • Kistler’s smooth ride on Caltrans info highway
    December 16, 2022
    Caltrans needed a solution to boost its outmoded traffic monitoring capability. Kistler’s KiTraffic Statistics met the California agency’s stringent requirements. And then came Covid…
    Read More
  • Dutch pavilion at Intertraffic focuses on smart mobility
    March 3, 2016
    The Netherlands has the ambition to head the field in the area of cooperative ITS and smart mobility. The country needs innovative mobility solutions to keep its urban delta open, healthy and safe and to support economic growth. For the Netherlands, ITS creates an opportunity to foster innovation and strengthen its competitive position within supplier- and after-markets. Thanks to the country’s highly developed and dense traffic network, the Netherlands is eminently suitable as a development and large-scale
    Read More
  • Atlanta goes regional
    August 22, 2018
    Georgia’s new transportation authority will focus on regional funding and planning, says Andrew Bardin Williams – and hopes to be a model for reorganisation across the US With an eye toward eventually creating Mobility as a Service (MaaS) in the Atlanta metropolitan area, the Georgia state legislature has shaken up how transportation is managed by creating a new regional transit governance and funding organisation. The Atlanta-region Transit Link Authority (The ATL) will be responsible for transit plann
    Read More

Highlighted Content