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

  • October 4, 2016
    Liverpool City Region Bus Alliance agreement signed
    UK public transport operators Arriva, Stagecoach and Merseytravel have signed a new agreement that will deliver more than US$32 million (£25 million) worth of investment in Liverpool’s bus services in year one of the five year partnership. The Liverpool City Region Bus Alliance will provide the region with improved, more efficient, joined-up and better value services. The agreement also sees a commitment from operators to provide modern bus fleets with an average age of no more than seven years. Pas
    Read More
  • March 15, 2016
    Open interface for electric bus charging
    While the European public transport community is preparing for electric buses and standardisation activities have already begun, with European standards expected to come into place 2019, followed by international standards in 2020, many cities are already implementing electric bus systems. In order to meet their needs, European bus manufacturers Irizar, Solaris, VDL and Volvo have agreed with charging system suppliers ABB, Heliox and Siemens to an open, transparent and voluntary approach. Common preferre
    Read More
  • February 27, 2013
    Consortium wins Polish rail modernisation contract
    A consortium led by Bombardier Transportation in partnership with Thales and Nokia Siemens Networks has won the US$146 million contract to modernise the signalling of the 350 km long E65 railway line linking Warsaw and Gdynia. The need to comply with the standards of the trans-European transport network linking the north and south of Europe makes the contract is one of the most important investments of PKP, the Polish railway lines operator. The consortium claims the modernisation will enhance safety and in
    Read More
  • October 28, 2015
    Emissions reductions targets to have major impact on transport
    As bold moves aimed at reducing greenhouse gas emissions have been introduced in California, David Crawford looks at the ramifications for transportation. California Governor Jerry Brown’s recent dramatic raising of the bar on emissions reduction policy for the state has won him praise from Japan, Australia, Europe and the secretariat of the critical UN conference on climate change being held in Paris in November/December 2015. His April 2015 executive order aimed at bringing emissions to 40% below 1990 lev
    Read More

Highlighted Content