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.

Related Content

  • September 8, 2023
    Commsignia raises $15m in new funding round
    V2X specialist has existing relationships with auto OEMs including Audi, VW and Ford
    Read More
  • August 3, 2022
    Drover AI raises $5.4m
    Money will be used to scale delivery on existing orders and integrate new technology
    Read More
  • February 3, 2012
    The case for integrating urban traffic control and parking
    Although urban traffic control and parking management are inextricably linked in so many ways, there remain fundamental differences which undermine closer integration. Car parking guidance systems can have a significant, positive impact on congestion in town and city centres, however conflicting business models still stand in the way of the more profound integration of car parking management and Urban Traffic Control (UTC) systems.
    Read More
  • August 8, 2012
    One of the world’s largest C2X communication trials hits the road
    One of the largest ever field trials of car-to-X communication (C2X) is getting underway in Germany in a trial that consists of 120 vehicles that will take to the roads of the Rhine-Main region until the end of the year. Each car has a network link to the others, as well as to the traffic infrastructure, and they will keep each other updated about the current traffic situation.
    Read More

Highlighted Content