ChargePoint, a Campbell, Calif.-based large electric vehicle (EV) charging network, secured an initial $82m in funding.
The funding, part of a larger multi-million dollar round, was led by Daimler with participation from existing investors BMW i Ventures, Linse Capital, Rho Capital Partners, and Braemar Energy Ventures. In conjunction with the funding, Daimler AG executive Axel Harries joined the company’s Board of Directors.
The company – which has raised more than $255m – intends to use the funds to expand its charging network into Europe.
Led by Pasquale Romano, CEO, ChargePoint operates a large electric vehicle (EV) charging network with more than 33,000 independently owned charging spots and more than 7,000 sites at home, at work, around town and on the road.
In addition, EV hardware makers and others partners use the network to make charging station details available in mobile apps, online and in navigation systems for EVs.