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

  • ITSWC 2021: New solutions for the new normal
    September 20, 2021
    October’s ITS World Congress in Hamburg will profile the changing face of mobility, with real-world examples of electric vehicle implementation, shared transport and autonomy taking centre stage
    Read More
  • P3s offer new options for public transit agencies
    March 28, 2018
    David Crawford welcomes new US guidance on public-private partnerships in the public transit sector. Public-private partnerships (P3s) are becoming increasingly favoured as a means of cost-effectively delivering much-needed public transit projects across the US. Previously, researched examples have tended to be on the large-scale while information on the potential for smaller, more localised schemes has been comparatively sparse. In a bid to fill that gap, the ‘Public Transportation Guidebook for Small
    Read More
  • Siemens’ Stratos offers scalable solution
    May 31, 2013
    Developed using the latest cloud-based technology, Siemens says its Stratos system delivers scalable real-time traffic management, information and control, from basic monitoring to strategic control of complex urban traffic environments. Proven traffic management systems have been integrated to create Stratos and provide streamlined, seamless user interaction with access anywhere on smart mobile devices as well as traditional control rooms. Siemens says Stratos is the complete solution for car parking, VMS,
    Read More
  • Electric mobility partnership announced
    June 25, 2012
    Volvo Car Corporation and Siemens have announced that they intend to jointly advance the technical development of electric cars through extensive strategic cooperation. The focus is on the joint development of electrical drive technology, power electronics and charging technology as well as the integration of those systems into Volvo C30 electric vehicles.
    Read More

Highlighted Content