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

  • February 6, 2012
    European ITS Congress emphasises ITS development and deployment
    The 8th European ITS Congress is a key event for the industry. Hermann Meyer, CEO of Ertico-ITS Europe puts the event in context
    Read More
  • February 12, 2019
    UK government pledges £6m on chargepoints for ultra-low emission taxis
    The UK government is investing more than £6 million in the deployment of chargepoints to support ultra-low emission taxis across the country. The money will be used to install nearly 300 rapid points and 46 fast ones in 17 local authorities, including Greater Manchester, Brighton & Hove and Leicester. Rapid chargepoints are typically able to charge an EV to 80% in 30 minutes depending on the model’s battery capacity while fast charging is expected to deliver more than 60 miles of range in 10-30 minu
    Read More
  • September 12, 2013
    Extended EV charging infrastructure launched
    UK city Corby is aiming to be a leading edge business location, with the launch of an extended electric vehicle (EV) charging infrastructure. To complement the EV charge points already at Corby Station and the Corby Cube, charge points have been installed at a range of venues and businesses including the Holiday Inn, Adrenaline Alley and Corby Town Football Club. Corby now has one of the highest concentrations of charge points per head of population in the UK.
    Read More
  • September 28, 2015
    USDOT announces additional funding for low and no-emission vehicles
    The US Department of Transportation’s Federal Transit Administration (FTA) has announced the availability of US$22.5 million through the latest round of the low or no emission vehicle deployment program (LoNo) that will help deploy the next generation of energy-efficient vehicles nationwide. The funds are intended to encourage adoption of green technologies in transit buses, such as hydrogen fuel cells and electric and hybrid engines. The program focuses on commercialising the cleanest and most energy-ef
    Read More

Highlighted Content