ChargePoint, a Campbell, Calif.-based electric vehicle (EV) charging network, closed $127m in incremental equity financing.
The company will use the latest funding to expand its commercial and fleet portfolio in North America and Europe and continue to scale policy, marketing and sales efforts.
Led by Pasquale Romano, President and CEO, ChargePoint operates a large EV charging network and a complete portfolio of charging solutions. Its cloud subscription platform and software-defined charging hardware is designed internally and includes options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and fleets of all types. To date, the network has grown to more than 114,000 places to charge and 80 million charging sessions.
The new funding brings total funding raised to date to $660m in total.