What is ChargePoint?
Founded in 2007 and headquartered in Campbell, California, ChargePoint is at the forefront of providing comprehensive charging solutions for residential, commercial, and fleet applications. The company's mission is to make the transition to electric mobility seamless and accessible. ChargePoint operates the world's largest EV charging network, offering a robust platform that supports a wide range of electric vehicles and charging needs. Its integrated approach encompasses hardware, software, and services, ensuring a reliable and user-friendly charging experience for its customers. The company's commitment to innovation and sustainability positions it as a key player in the global shift towards cleaner transportation.
How much funding has ChargePoint raised?
ChargePoint has raised a total of $1B across 12 funding rounds:
Series E
$22.6M
Series F
$58.1M
Series G
$106.1M
Other Financing Round
$82M
Other Financing Round
$240M
Other Financing Round
$127M
Debt
$300M
Unspecified
$19M
Series E (2014): $22.6M backed by Rho Ventures, Kleiner Perkins Caufield & Byers, Braemar Energy Ventures, and Voyager Capital
Series F (2016): $58.1M with participation from Constellation Technology Ventures, Braemar Energy Ventures, and Linse Capital
Series G (2017): $106.1M led by BMW, Braemar Energy Ventures, Rho Capital Partners, Daimler, AG., and Linse Capital
Other Financing Round (2017): $82M supported by Daimler
Other Financing Round (2018): $240M featuring American Electric Power, Braemar Energy Ventures, Chevron, CPP Investments, Quantum Energy Partners, Linse Capital, GIC, Daimler Trucks & Buses, Clearvision, Siemens, and BMW
Other Financing Round (2020): $127M backed by Undisclosed
Debt (2022): $300M with participation from Antara Capital
Unspecified (2024): $19M, investors not publicly disclosed
Key Investors in ChargePoint
Antara Capital
Antara Capital is a New York-based investment firm specializing in event-driven opportunities across the capital structure, employing a fundamental approach with active trading to achieve equity-like returns with credit-like downside protection.
American Electric Power
American Electric Power is a major utility company involved in the generation, transmission, and distribution of electricity across 11 U.S. states, operating power plants with diverse fuel sources.
Braemar Energy Ventures
Braemar Energy Ventures focuses on technology investments driving energy transition, supporting companies in areas like EV charging networks and carbon capture.
What's next for ChargePoint?
With its substantial funding history and recent strategic investment, ChargePoint is well-positioned for continued expansion and technological advancement. The company's focus on scaling its network infrastructure, enhancing its software capabilities, and forging strategic partnerships will be critical in meeting the growing demand for EV charging solutions. ChargePoint's enterprise-level backing suggests a trajectory towards further market penetration and potential leadership in the evolving energy and transportation landscape. The company's ongoing efforts to innovate in charging technology and network management are expected to drive its future growth and impact on the electric mobility ecosystem.
See full ChargePoint company page
