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

  • Sensys Traffic to acquire Gatso
    June 23, 2015
    Sensys Traffic is to acquire Dutch enforcement company Gatso in a deal worth around US$33.9 million. Sensys’ acquisition of Gatso and the merger of the operations the two companies will create the largest supplier of traffic enforcement equipment with a strong presence in Europe, the Middle East, Asia and Australia, as well as the North American managed services market. The combined company will operate under the name Sensys Gatso Group, with an installed base of 18,000 systems and 202 employees. The
    Read More
  • Electreon completes first US dynamic charging project
    December 8, 2023
    Testing of inductive charging technology along the Detroit road will start next year
    Read More
  • Dutch toll win for Emovis
    November 4, 2022
    Free-flow toll is first in Netherlands and comes with initial eight-year contract period
    Read More
  • Smart parking to enable intelligent mobility in global mega cities
    June 3, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of Smart Parking Market in Europe and North America, finds that the smart parking market, including peer-to-peer (P2P), earned revenues of US$7.05 billion in 2014 and estimates this to accelerate up to US$43.084 billion in 2025 at a compound annual growth rate (CAGR) of 17.89 per cent. The parking industry in Europe and North America is rapidly innovating towards ‘smart’. In addition to adopting high-end automation solutions and software for parking
    Read More

Highlighted Content