Daimler invests in ChargePoint

Daimler is ramping up the expansion of its network for electric cars by making a strategic investment in American charging solutions provider ChargePoint. ChargePoint already has a large customer base in North America and is planning expansion into Europe, which will be supported by the Daimler investment. Daimler’s investment in ChargePoint enables it to move forward with its corporate strategy on electric mobility and its new electric vehicle brand, EQ. The company is also focusing on expansion of its
March 9, 2017 Read time: 2 mins
2069 Daimler is ramping up the expansion of its network for electric cars by making a strategic investment in American charging solutions provider 4825 ChargePoint. ChargePoint already has a large customer base in North America and is planning expansion into Europe, which will be supported by the Daimler investment.

Daimler’s investment in ChargePoint enables it to move forward with its corporate strategy on electric mobility and its new electric vehicle brand, EQ. The company is also focusing on expansion of its electric vehicle network, with a range that extends from intelligent charging services for the home as well as tailor-made services right through to home energy storage units, which work in conjunction with photovoltaics installed on house rooftops.

Currently offering more than 33,000 charging spots at more than 7,000 sites around North America, ChargePoint is a major provider in the sector for electric mobility charging solutions and is the market leader in North America.

Related Content

  • December 17, 2014
    Abu Dhabi seeks safe and efficient multi-modal ITS solutions
    Abu Dhabi’s Department of Transport is planning to roll out its second phase ITS Strategy and Action Plan through to 2019 which will deploy a host of innovative multimodal ITS solutions. The United Arab Emirates (UAE) is continuing to experience rapid growth in both its economy and population and none more so than its capital, Abu Dhabi. To cope with the current expansion, and in anticipation of future growth, the Abu Dhabi Surface Transport Master Plan has been devised by its Department of Transport and th
    Read More
  • April 16, 2015
    Strategic analysis of smart parking
    The latest study by Research and Markets analyses smart parking systems and their influence on the parking industry through technology-enabled parking solutions. Strategic Analysis of Smart Parking Market in Europe and North America describes the ecosystem and market size for smart parking in Europe and North America, and analyses the strategies of major parking operators, and parking app, infrastructure, and parking management companies. It also evaluates the link between parking and automotive indu
    Read More
  • March 22, 2012
    MyTaxi attracts US$13 million in growth investment
    German company myTaxi, which has revolutionised the European taxi market in less than a year, has extended its group of current investors. Daimler AG subsidiary company Car2go joins the board of the Hamburg-based company acquiring a minority stake. Lars Hinrichs, founder of XING and Hackfwd, is also added to the group of myTaxi shareholders. The existing investors T-Venture, the venture capital arm of Deutsche Telekom, and KfW Bankengruppe, all contributed to the capital increase to promote the rapid growth
    Read More
  • May 5, 2016
    AV/ridesharing mix wins major auto investment
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More

Highlighted Content