Nov 28, 2018 - 04:19 pm

ChargePoint gets $240M for expansion in Europe & US

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Network operator ChargePoint generated no less than 240 million dollars in a new financing round. Existing investors such as BMW i Ventures and Siemens were joined by the likes of Daimler Trucks & Buses, Chevron Technology Ventures or American Electric Power.

ChargePoint say they will invest the fresh capital in the expansion of its electric car charging network and its presence in both Europe and North America. In fact the latest funding is the tipping point of accelerated growth.

ChargePoint has raised more than $500 million to build out its network. Last year, the company’s Series G round of $125 million funded its expansion into Europe.

Today, ChargePoint claim their network contains more than 57,000 public and semi-public charging spots. Moreover, the provider closed wide-ranging roaming agreements with EVBox for both Europe and the USA as well as with Flo networks that cover North America.

Apart from expanding, ChargePoint say they also want to enhance the customer experience through features like integration with Amazon’s Alexa voice assistant or Tap to Charge, which allows electric vehicle drivers using voice commands or start a charge from their phone.

chargepoint.com

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Found on electrive.com
https://www.electrive.com/2018/11/28/chargepoint-collects-240m-for-expansion-in-europe-usa/
28.11.2018 16:29