ChargePoint, a Campbell, Calif.-based electric vehicle (EV) charging network, secured $240m in Series H funding.
Backers included new investors American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision, Daimler Trucks & Buses, GIC, and Quantum Energy Partners (lead investor) and existing investors BMW i Ventures, Braemar Energy Ventures, Linse Capital, and Siemens. In conjunction with the funding, Jeffrey Harris, a Venture Partner at Quantum Energy Partners, will join the ChargePoint board of directors.
The company will use the funding in part to further expand its network, continue to build its presence in Europe and North America, improve the experience for EV drivers, and expand solutions for fleets.
Led by Pasquale Romano, President and CEO, ChargePoint is an electric vehicle (EV) charging network, with charging solutions in every category EV drivers charge, at home, work, around town and on the road. With more than 57,000 independently owned public and semi-public charging spots and thousands of customers (businesses, cities, agencies and service providers), the company designs, develops and manufactures hardware and software solutions across every use case.