ChargePoint Lands $22.6M

ChargePoint the largest and most open electric vehicle EV charging network announced today that it has secured an additional $22 6 million in funding ChargePoint has now raised over 110 million from leading investors including Rho Ventures Kleiner Perkins Caufield amp Byers KPCB Braemar Energy Ventures Siemens Venture Capital GmbH Voyager Capital and BMW

This additional round of funding demonstrates confidence in ChargePoint’s business model and our advanced technology as well as the EV industry as a whole said Pasquale Romano ChargePoint’s CEO With this financial support ChargePoint will expand our network to enter into new markets and develop new products to coalesce the entire EV charging experience ‘

ChargePoint’s network reaches across the nation with over 17,000 charging ports
KPCB partners with companies like ChargePoint that define and transform industries said Michael Linse Partner with KPCB ChargePoint has become a dominant player in a growing industry that they helped create In this age of accelerating growth of drivers making the switch to electric ChargePoint serves as a critical part of the EV ecosystem with the largest and most open electric vehicle charging network in the world ‘

ChargePoint’s stations are independently owned giving station owners flexible pricing and access control Companies often provide charging to attract and retain customers and employees while attaining sustainability goals Through ChargePoint businesses can realize the financial employee satisfaction and environmental benefits of offering EV charging

With strategic insight into this rapidly expanding market and strong execution ChargePoint has emerged as an industry leader said Mark Leschly Managing Partner at Rho Ventures ChargePoint’s holistic approach results in the most advanced hardware and software exceptional driver services and a model that makes offering EV charging good for any business We look forward to continue supporting the company as the industry continues its exponential growth ‘

ChargePoint’s real-time network information including the availability of charging locations throughout the nation is available through the ChargePoint mobile app online and via the navigation systems in top-selling EVs

It is no surprise that ChargePoint has become the pre-eminent EV charging provider said Neil S Suslak Managing Partner with Braemar Energy Ventures ‘ With superior cloud-based services and an innovative business model ChargePointwill continue to help meet the needs of today’s EV drivers and accelerate the arrival of millions of new EVs before the decade is out ‘

About ChargePoint
ChargePoint is the largest and most open electric vehicle EV charging network in the world with more than 17,000 charging locations Ranked 1 by leading independent research firm Navigant Research ChargePoint makes advanced hardware and best-in-class cloud based software ChargePoint’s open network is utilized by many leading EV hardware makers and encourages all EV charging manufacturers to join

ChargePoint’s real-time network information including the availability of charging locations throughout the nation is available through the ChargePoint mobile app online and via the navigation systems in top-selling EVs including the new BMW i3 and the Nissan LEAF Every 10 seconds a driver connects to a ChargePoint station and by initiating over 4 5 million charging sessions ChargePoint drivers have saved over 3 9 million gallons of gasoline and driven 93 million gas free miles

For more information about ChargePoint visit a href=”http://www chargepoint com target=”_blank”>www chargepoint com