ChargePoint Raises $50M Amid Growing Interest in Electric Vehicles

ChargePoint, the Silicon Valley company that installs charging points for electric vehicles, has raised $50 million to help it expand, including potentially internationally, and to scale up its newer residential and fast-charge business, the company announced.

The Series F round was led by Linse Capital, the new investment firm founded by former Kleiner Perkins Caufield & Byers partner Michael Linse. It comes amid growing interest in electric vehicles worldwide, with global sales of EVs up 80 percent last year to more than 565,000. And Tesla has famously met with strong early demand for its Model 3 and has announced plans to be producing 500,000 vehicles per year by 2018.

Full access to Premium Content is only available to registered free trialists and paid subscribers. Already registered?

Sign up for a 4-week free trial and receive our weekly updates by email and access to our website features. There's no commitment after your trial has expired and your email address will not be shared. Click here to sign up.

If you want to start a CTIQ Premium 12-month subscription now and gain full access to our Premium Content including articles, reports, and data, please send an email to: subscriptions@cleantechiq.com or call us at 917-543-6746.

To learn more about our service, click here.

If you have any questions or feedback about our service, please click here.

Post Comment

Your email address will not be published.

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Tools

Special Features

Conferences & Webinars

No events More Events