Skip to main content

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.

For more information on companies in this article

Related Content

  • Highways England announces multi-million pound major road improvements
    March 16, 2017
    Multi-million pound road improvement schemes announced today by Highways England are set to help unlock the development of more than 4,000 homes and more than 10,900 jobs. The improvements, worth a total of US$92 million ((£75 million), will create opportunities around Derby and Daventry in the Midlands, Oldham in the North West, Durham in the North East and Taunton in the South West. Highways England is making a US$15.3 million (£12.45 million) contribution towards the schemes from its Growth and Hou
  • Bosch and Daimler developing automated parking system
    June 29, 2015
    Daimler, Bosch and car2go are cooperating on a new project that will see cars parking themselves. Automated parking uses an intelligent infrastructure in the car park and a vehicle control unit from Bosch in conjunction with the newest generation of Mercedes-Benz on-board sensors and the car-sharing expertise of car2go. This will enable automated manoeuvring in appropriately equipped parking garages in the near future. The user books a vehicle from car2go via smartphone and as soon as he is in the ca
  • PSA Peugeot Citroën takes a stake in car-sharing company
    April 12, 2016
    French car company PSA Peugeot Citroën has become a shareholder in peer-to-peer car-sharing start-up Koolicar, with an investment of US$10.6 million (€18 million), alongside investment fund MAIF Avenir, Koolicar's partner since 2010. Now active in around 40 French cities, with over 60,000 registered users, Koolicar started car-sharing operations back in 2012 and claims it offers unique and innovative technology for peer-to-peer car rental in Europe. Based on a connected box that can be fitted on any typ
  • Connecting people and mobility
    February 3, 2012
    Stéphane Petti, Business Development Manager - Automotive, at Orange Business Services' International M2M Center, says that the ITS industry can no longer afford to ignore the telecommunications industry's role in connecting people and mobility services. To telephone companies (telcos), the Machine-to-Machine (M2M) sector is nothing new. Worldwide, they have been focusing considerable attention on M2M in all its sub-segments for several years now. It is the migration of M2M from fixed to wireless connectivi