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

  • Eaton and BACC collaborate on LED lighting
    September 27, 2013
    California’s Bay Area Climate Collaborative (BACC) and Eaton's Cooper Lighting division are to collaborate on the Bay Area Next Generation Streetlight Initiative, a region-wide project designed to facilitate the upgrade of 200,000-plus municipal streetlights to LED technology.
    Read More
  • Michigan appoints new chief mobility officer
    August 1, 2023
    Justine Johnson pledges focus on 'people-centric mobility journeys'
    Read More
  • Commercial telematics consolidation
    April 18, 2012
    The long awaited and much needed commercial telematics consolidation movement is finally coming to fruition, according to ABI Research. With Trimble’s acquisition of PeopleNet and Masternaut and Cybit combining forces, the extremely fragmented commercial telematics industry, which consists of hundreds of locally active players, is consolidating to become more globally-minded. These changes will allow the fleet management industry to grow towards yearly global revenues of US$6.43 billion by 2016.
    Read More
  • Cooperative infrastructures, cooperative enforcement?
    March 2, 2012
    A dozen years from now, will enforcement still be constrained by the legislative thinking which currently prevails? Or will the needs of the wider transport community bring about some welcome changes?
    Read More

Highlighted Content