ChargePoint operates one of the world’s largest cloud-enabled electric vehicle (EV) charging networks, serving fleets, workplaces, multifamily buildings, retail locations, utilities, and residential users.
Its platform integrates hardware, software, and cloud connectivity, offering real-time monitoring, access control, payment processing, and a locator app for drivers. The company also develops charging solutions for commercial and residential environments.
With 1,650 employees, ChargePoint continues to scale fast-charging deployment throughout North America and Europe, driving EV adoption and infrastructure modernization.
What Is ChargePoint and What Does It Do?
ChargePoint, founded in 2007 by Dave Baxter, Harjinder S. Bhade, Milton T. Tormey, Praveen Mandal, and Richard Lowenthal, is headquartered in Campbell, United States. The company builds and operates a cloud-enabled EV charging network that integrates commercial and residential chargers with software, analytics, payment systems, and a driver-facing charging locator app.
The platform supports fleets, workplaces, apartments, utilities, and public charging deployments across North America and Europe.
ChargePoint employs 1,650 employees, focused on accelerating EV adoption with scalable, intelligent charging infrastructure.
How Much Funding Has ChargePoint Raised?
1. Post-IPO Funding
- Amount Raised: $300M
- Date: April 2022
- Lead Investors: Antara Capital
- Motivation: To advance charging infrastructure and scale manufacturing.
2. Grant Funding
- Amount Raised: $480K
- Date: June 2023
- Lead Investors: Illinois Environmental Protection Agency
- Motivation: To enhance Illinois EV infrastructure under the state’s clean transportation initiatives.
3. Grant Funding
- Amount Raised: $944.4K
- Date: August 2023
- Lead Investors: PennDOT
- Motivation: To expand EV charging accessibility across Pennsylvania.
4. Grant Funding
- Amount Raised: $19M
- Date: September 2024
- Lead Investors: California Department of Transportation, California Energy Commission
- Motivation: To deploy fast-charging infrastructure along California highway corridors.
Total Funding Raised: $554M
Latest Funding Date: September 2024
Key Investors
1. CPP Investments
- Details: One of the world’s largest pension funds managing diversified global assets.
- Investment Focus Areas: Infrastructure, mobility, energy, and technology.
- Notable Investments: ChargePoint, Orsted, Pattern Energy.
2. California Energy Commission (CEC)
- Details: California’s primary energy policy agency supporting renewable energy and clean transportation.
- Investment Focus Areas: EV charging, renewable energy, and energy efficiency.
- Notable Investments: Statewide EV infrastructure projects.
3. Antara Capital
- Details: Investment firm specializing in event-driven strategies and special situations.
- Investment Focus Areas: Distressed assets, high-impact growth capital.
- Notable Investments: ChargePoint, AMC.
Where Is ChargePoint’s Headquarters?
ChargePoint is headquartered in Campbell, California, a strategic location close to major EV manufacturers, clean-energy innovators, and Silicon Valley’s technology ecosystem. This proximity enables fast R&D cycles, strong hardware–software integration, and deep mobility partnerships.
What’s Next for ChargePoint?
ChargePoint is expanding rapidly through NEVI-funded initiatives, including a $19M grant to deliver 248 DC fast chargers along California highways. The company is also scaling nationwide with over $90M committed across 21 U.S. states for fast-charging corridors. ChargePoint aims to strengthen fleet electrification, expand residential charging adoption, and grow its European footprint, positioning itself as a central player in the accelerating transition to electric mobility.
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