MENU
SEARCHChargePoint announced it has secured an additional $50 million in efforts to bring EVs to the mainstream, according to the electric vehicle infrastructure company.
ChargePoint has secured another $50 million to built out its charging network to further mainstream EVs, according to the company.
ChargePoint secured the money during a funding round led by Linse Capital, with participation from insiders including Braemar Energy Ventures and Constellation Energy. ChargePoint has raised over $164 million from leading investors, which includes Rho Ventures, BMW iVentures, Siemens, and Kleiner, Perkins, Caufield and Byers.
"You only have to look at the excitement around the recent EV announcements to realize EVs are the future of the auto industry," said Pasquale Romano, CEO of ChargePoint. "This latest round of funding for ChargePoint underscores confidence in our business model, technology and the consumer confidence in the EV industry as a whole. It will allow us to scale to service the needs of future EV drivers and companies wishing to install EV charging in their parking lots."
ChargePoint has a network of more than 28,000 charging spots that extends across North America. The stations are independently owned and operated, which gives the station owners the freedom of flexible pricing and access control while being part of a larger recognized network, according to the company.
Detroit-based company says it has begun early development of a system to convert internal combustion Ram 5500 chassis-cab trucks to electric power.
Read More →
Fleet managers are done with the debate—and focused on execution. Learn how to build a practical electrification strategy that aligns infrastructure, operations, and financing while keeping costs controlled and deployment scalable with support from Blink Charging. Discover how smart planning today positions fleets for long-term performance and ROI.
Read More →
New industry group data revealed that light-duty electric vehicle sales are hitting record market share and volumes, while commercial EV volume dipped. What’s driving the fluctuations?
Read More →
For fleet managers, fuel is one of the biggest line items in the budget — and it's one hybrids can shrink without changing how your people work. Download the eBook to see the numbers, understand the technology, and get a step-by-step guide to making the switch.
Read More →
The biggest challenge lies in balancing additional equipment and accessories with EV battery capacity and range.
Read More →
With the expiration of federal incentives, EV success now hinges less on government policy and more on discounts, battery tech progress, increased range, and broader infrastructure.
Read More →
Fleet operators shared their challenges during an annual conference that embraced the latest advances across all aspects of running private- and public-sector vehicles.
Read More →
EVgo, Pilot, ChargePoint and IONNA named; goal is 35k GM-invested DC stalls by 2030, with customer-experience upgrades at sites.
Read More →
EV buyers took advantage of the final federal tax credit days, while average prices edged up for new EVs and continued to decline for used models.
Read More →
But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
Read More →
