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 25, 2015
    Hydrogen Mobility Europe project launched
    A coalition of European partners has launched the Hydrogen Mobility Europe project (H2ME), co-funded with US$36 million from the Fuel Cells and Hydrogen Joint Undertaking (FCH JU). The project will support the deployment of 200 fuel cell electric vehicles (FCEVs), 125 fuel cell range-extended electric (FC RE-EVs) commercial vans and 29 new hydrogen refuelling stations (HRS) in Austria, Belgium, Denmark, France, Germany, Iceland, Netherlands, Norway, Sweden and the UK by 2019. H2ME is based around an
    Read More
  • June 10, 2021
    Robotic Research: harnessing AV potential
    Robotic Research is leading in AV R&D, from work with the US Army to enabling the first automated BRT line in North America: Gordon Feller assesses what the company is doing
    Read More
  • March 28, 2022
    Lidar: recipes for success
    Lidar is being deployed all over the world - and you can even read a cookbook on the subject...
    Read More
  • July 23, 2012
    Improving the positional accuracy of GNSS road user charging
    The European GINA project is intended to address and overcome many of the institutional, technical and public acceptance hurdles currently faced by satellite-based road user charging schemes. Dave Tindall and Denis Naberezhnykh, TRL, and Laure Dezes, ERF, write. Pay-as-you-drive Road User Charging (RUC), whereby demand (or congestion) is managed by applying appropriate tariffs in order to encourage drivers to make their journeys at less busy times, on less congested routes or even on different modes, could
    Read More

Highlighted Content