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

  • Glasgow’s new Operations Centre has a key role in city’s future
    June 6, 2014
    David Crawford investigates a control centre with a future. Destined to play a central role in keeping the city and its transport running smoothly during the 2014 Commonwealth Games in July, the new Glasgow Operations Centre in Scotland’s largest urban centre formally went live earlier this year. The aim was to dry run its far-reaching integration of previously distinct core systems and familiarise the public with the initial phase of what will be a long-term post-event legacy. The centre brings together, i
    Read More
  • Siemens constructing driverless subway in Riyadh
    October 11, 2013
    A consortium of Siemens, US company Bechtel and local construction companies Almabani and Consolidated Contractors Company has been awarded a subway contract worth US$10 billion by the Riyadh High Commission for Urban Development (ArRiyadh Development Authority). Siemens, whose share of the deal is worth around US$2.1 billion, is supplying subway rolling stock, electrification systems and signalling technology for driverless operation, as well as system integration.
    Read More
  • Brown Traffic Products acquires Siemens traffic signals
    October 7, 2013
    Iowa, US, based Brown Traffic Products is to acquire certain assets of the traffic signal and cabinet manufacturing business units operated by Siemens in Austin, Texas. Siemens will remain focused on its traffic management systems and controller business. Upon the close of the acquisition, the 82 employees of Siemens’ manufacturing units will be integrated into Brown Traffic Products. Brown will maintain the Austin facility along with the other Brown locations in the Midwest. Financial terms of the trans
    Read More
  • US announces major EV infrastructure boost
    February 16, 2023
    Biden-Harris Administration says measures mean "great American road trip can be electrified"
    Read More

Highlighted Content