ChargePoint

Operates extensive electric vehicle charging network

Campbell, California, United States

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About ChargePoint

ChargePoint operates one of the largest electric vehicle (EV) charging networks in the world, primarily in North America and Europe. The company provides charging solutions for a variety of clients, including commercial businesses, fleet operators, and individual EV owners. ChargePoint has established a network of 118,000 charging locations and generates revenue through selling charging hardware, subscription-based software services, and maintenance support. This capital-light business model allows ChargePoint to grow without heavy investments in physical assets. The company has captured over 70% of the networked level 2 charging market in North America, significantly outpacing its competitors. ChargePoint's goal is to support the increasing demand for reliable EV charging infrastructure as more people and businesses transition to electric vehicles.

Campbell, CaliforniaHeadquarters
2007Year Founded
$865.5MTotal Funding
IPOCompany Stage
Automotive & Transportation, Energy, Consumer SoftwareIndustries
1,001-5,000Employees

Benefits

Outdoor Activities - The Los Gatos Creek Trail is just steps from our campus. Bring your bike or your running shoes. Plus you can shower up after your workout.
Office Parties - Celebration is a part of our culture.
Pets - Every day is bring-your-dog-to-work day.
Health Benefits - We offer full medical, dental, and vision coverage.
EV charging at work - Drive an EV? Our parking lots are fully outfitted with charging stations, so you can plug in and charge up while you work.
Snacks and Beverages - Our fully stocked kitchens come with a wide variety of healthy (and not-so-healthy) snacks and beverages, plus we have an espresso machine.

Risks

Increased competition from new entrants could erode ChargePoint's market share.
Ongoing legal investigation may lead to financial penalties for ChargePoint.
Rapid technological advancements could render existing infrastructure obsolete, requiring significant investment.

Differentiation

ChargePoint boasts over 13 years of experience in the EV charging industry.
It operates one of the largest EV charging networks globally, with 118,000 locations.
ChargePoint captures more than 70% of the networked level 2 charging market in North America.

Upsides

Partnership with GM enhances ChargePoint's market presence in ultra-fast charging solutions.
Integration with WeaveGrid optimizes energy usage, attracting environmentally conscious consumers.
Affordable fleet charging solutions can capture a larger share of the fleet market.

Funding

Total raised$865.53 M
Latest valuation$2.40 B
StageIPO
GRANT
8/31/2024
$19
POST IPO EQUITY
9/30/2023
$232
POST IPO DEBT
6/30/2023
$150
POST IPO CONVERTIBLE
3/31/2022
$300
SPAC IPO
2/28/2021
$317
$2.40 B
SPAC PRIVATE PLACEMENT
2/28/2021
$225
$2.40 B
SERIES H
7/31/2020
$127
$1.20 B
DEBT
12/31/2017
$45
SERIES G
7/31/2017
$43
$215.00 M
SERIES F
4/30/2016
$50
$250.00 M
SERIES E
4/30/2014
$23
$113.00 M
SERIES D
4/30/2012
$48
$237.50 M
SERIES C
8/31/2010
$15
$75.00 M
SERIES B
1/31/2010
$14
$70.00 M
SERIES A
12/31/2008
$4
$18.50 M