Mexican Media Brands
Siemens Invests in EV Charging Operator ChargePoint
Siemens AG has invested an undisclosed amount in ChargePoint Inc., the California-based operator of charging networks for electric vehicles.
#hybrid
Share
Siemens AG has invested an undisclosed amount in ChargePoint Inc., the California-based operator of charging networks for electric vehicles.
Ralf Christian, CEO of Siemen’s energy management division, will join ChargePoint’s board of directors.
Siemens led a $43 million round of fundraising that has brought ChargePoint’s latest round of funding to $125 million. Daimler AG led an earlier $82 million round in March and also gained a board seat.
The offering will help fund ChargePoint’s expansion beyond the U.S. and Mexico, where it currently operates more than 34,500 charging ports. Siemens will collaborate to develop charging stations for the European market. The German company already makes and installs its own EV charging systems.
In May ChargePoint announced its first deal in Europe, under which it will supply more than 200 of its Express Plus quick-charge systems to British network operator InstaVolt Ltd.
RELATED CONTENT
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.