ChargePoint is a technology company.
ChargePoint has raised $122.0M across 4 funding rounds.
ChargePoint has raised $122.0M in total across 4 funding rounds.
ChargePoint has raised $122.0M in total across 4 funding rounds.
ChargePoint's investors include Alchemy Ventures, Clearvision Ventures, CMFG Ventures, Formic Ventures, Founders Co-op, Hack VC, KAAN Ventures, Mexican.vc, Techstars, Voyager Capital, Hiten Shah, Nico Rosberg.
ChargePoint is a leading electric vehicle (EV) infrastructure company that designs, manufactures, and operates the world's largest network of independently owned charging stations across 14 countries, focusing exclusively on EV charging hardware, cloud software, and support services.[1][2][3] It serves drivers, fleets, businesses, and property owners by providing solutions for passenger cars, delivery vehicles, buses, and more, solving key barriers to EV adoption like accessible, reliable charging and energy management amid rising electrification demands.[1][4][5] With over 5000 customers including 82% of Fortune 50 companies, ChargePoint powers mass EV adoption through its top-rated app, UL/CE-certified hardware, and open network compatible with all EV models, demonstrating strong growth via network expansions and partnerships like its 2024 GM collaboration for ultra-fast chargers.[1][4][5][6]
ChargePoint was founded in 2007 as Coulomb Technologies by Richard Lowenthal, Dave Baxter, and Harjinder Bhade in Campbell, California, at a time when mainstream EVs were scarce, driven by a passion to pioneer charging infrastructure.[1][2][8] The idea emerged from recognizing the need for networked stations amid early EV hype, starting with sales to municipalities, utilities, and private entities; early traction built through organic network growth, hitting 34,900 stations by 2017 after acquiring 9,800 from GE.[2][8] Pivotal moments include reaching 100,000 chargers by 2019 (adding 2,000+ monthly), going public via SPAC merger in 2021, and recent deals like the 2023 Mercedes-Benz/MN8 plan for 2,500 fast chargers and 2024 GM partnership for Omni Port ultra-fast stations.[2][4]
ChargePoint stands out in EV charging through laser-focused expertise and integrated solutions:
ChargePoint rides the global EV adoption wave, fueled by regulatory pushes (e.g., emissions standards), falling battery costs, and fleet electrification from companies like GM and Mercedes-Benz, positioning it as a key enabler in the shift from fossil fuels.[3][4][6] Timing is ideal as EV penetration surges—ChargePoint's network growth mirrors this, from early pioneer to market leader with North America dominance and European expansion—benefiting from market forces like infrastructure subsidies and ultra-fast charging demands for highways/fleets.[2][5][6] It influences the ecosystem by standardizing open networks, partnering with automakers/utilities, and providing software that balances grid loads, accelerating widespread electrification for transport and energy sectors.[1][3][4]
ChargePoint's network leadership and software-hardware integration position it to capture accelerating EV growth, with expansions like GM's hundreds of ultra-fast Omni Port stations signaling momentum into 2025 and beyond.[4][6] Trends like NACS standardization, fleet conversions, and AI-optimized energy management will shape its path, potentially evolving its influence toward a dominant "fueling network" platform amid mass adoption.[1][5] As EV infrastructure gaps close, ChargePoint—obsessed with making electric easy since 2007—remains the go-to for a seamless shift to electric mobility.[1][6]
ChargePoint has raised $122.0M across 4 funding rounds. Most recently, it raised $43.0M Series G in June 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2017 | $43.0M Series G | ||
| May 1, 2016 | $50.0M Series F | Alchemy Ventures, Clearvision Ventures, CMFG Ventures, Formic Ventures, Founders Co-op, Hack VC, KAAN Ventures, Mexican.vc, Techstars, Voyager Capital, Hiten Shah, Nico Rosberg, Rick Wagoner | |
| Sep 1, 2010 | $15.0M Series C | Clearvision Ventures, Formic Ventures, Hack VC, KAAN Ventures, Mexican.vc, Voyager Capital, Hiten Shah | |
| Jan 1, 2010 | $14.0M Series B | Voyager Capital |