ChargePoint and Eaton help transition Santa Monica's electric bus fleet. ChargePoint and Eaton are working with the City of Santa Monica on their transition of its bus fleet. Yet today, it is taking another major step toward cleaner public transportation. Electricity The city is working with ChargePoint and Eaton to build the charging and electrical infrastructure needed for its growing electric bus fleet. The project supports Santa Monica's goal of transitioning its Big Blue Bus fleet to zero-emission vehicles by 2032. (Metro) More importantly, this is not a small pilot program. Santa Monica is investing roughly $56 million in electric transit infrastructure. Therefore, the project could become an important model for other transit agencies looking to move away from diesel buses. (Metro) 130 DC fast-charging ports planned. At the center of the project are 130 DC fast-charging ports. ChargePoint will provide its Express Plus charging equipment. In addition, the company will supply software designed to manage charging operations and monitor electric buses both at the depot and while they operate on routes. (Metro) That software matters. Electric buses cannot simply pull into a depot and charge whenever they want. Instead, operators need to coordinate charging with route schedules, electricity demand and available charging capacity. Industrial Materials & Equipment Therefore, fleet-management software can determine when buses charge and how much power they receive. As a result, transit agencies can keep buses moving while also controlling energy demand. Eaton builds the electrical backbone. That includes medium-voltage switchgear, switchboards and panelboards, along with engineering services. (Metro) In other words, ChargePoint provides much of the charging technology while Eaton helps deliver and manage the electricity feeding those chargers. That combination becomes increasingly important as electric fleets grow. A handful of electric buses may require manageable amounts of electricity. However, charging dozens of buses simultaneously can place enormous demands on a depot's electrical system. Therefore, utilities, charging companies and transit operators must plan the electrical infrastructure carefully. Geographic Reference Managing electric bus charging. ChargePoint's fleet software will also help Santa Monica monitor its buses and charging infrastructure. Operators can track vehicles while they are working routes. Additionally, they can monitor charging at the depot and generate reports on fleet performance. (Metro) That information can help transit managers answer critical questions. Is every bus charged before its morning route? Are chargers operating properly? Can charging shift to lower-cost electricity periods? Most importantly, can the depot charge the entire fleet without overwhelming the site's electrical capacity? Smart charging helps answer those questions automatically. Santa Monica targets a zero-emission fleet. Santa Monica has set a target of moving the Big Blue Bus system toward zero-emission operation by 2032. (Metro) Hybrid & Alternative Vehicles It needs charging stations, electrical distribution equipment, software, maintenance systems and long-term energy planning. Consequently, the ChargePoint-Eaton project focuses on the entire charging ecosystem rather than simply installing individual chargers. ChargePoint and Eaton have already formed a broader partnership designed to combine EV charging equipment with electrical infrastructure and engineering services. The companies say the approach can simplify large-scale fleet electrification projects. (Eaton) Electric transit requires serious infrastructure. Electric buses can eliminate tailpipe emissions. They can also reduce noise and dependence on petroleum. Traffic & Route Planners However, replacing a diesel bus with an electric bus represents only part of the transition. Transit agencies must also rethink how their fleets receive energy. Diesel buses can refuel quickly from centralized fuel pumps. Electric buses operate differently. They may remain connected to chargers for extended periods, while dozens of other buses also need electricity. Therefore, charging infrastructure becomes part of the transit system itself. Reliable chargers become as important as reliable buses. A blueprint for electric bus fleets. The combination of 130 fast-charging ports, ChargePoint fleet software and Eaton electrical infrastructure gives the city a foundation that can expand as more electric buses enter service. (Electrek) Moreover, other cities face many of the same challenges. They need enough: * electrical capacity * dependable chargers * software that controls energy demand and * they need more infrastructure that can be growing with the fleet. Santa Monica is putting those pieces together now. Car Rentals The green living guy take. Electric buses represent one of the biggest opportunities for cleaning up urban transportation. Yet the real story goes beyond the buses themselves. Charging infrastructure will determine how quickly transit agencies can electrify their fleets. Santa Monica understands that. By pairing ChargePoint's charging technology with Eaton's power-management expertise, the city is building the electrical foundation required for a much larger zero-emission transit system. Electricity And when millions of passengers depend on those buses every year, reliable charging isn't optional. It's essential.

ChargePoint shares rose 7% to $9.70 on Friday, extending a two-day rally to 8%, as CEO Rick Wilmer called the surge "the beginning of the momentum". EVgo gained 2% whilst Blink Charging remained flat, suggesting the move is company-specific rather than sector-wide. ChargePoint reported Q2 revenue of $116 million, beating guidance and up 18% year-over-year. The company posted a record 38% gross margin, though this included a one-time tariff refund. Adjusted EBITDA loss narrowed to $4.8 million from $22 million the previous year. The rally comes as the Global X Autonomous & Electric Vehicles ETF gained 0.6% whilst the broader S&P 500 declined 0.4%, isolating ChargePoint's 68% weekly surge as a company-specific reappraisal.

ChargePoint Holdings saw its stock surge 70% following second-quarter fiscal 2027 results that exceeded guidance. Revenue rose 18% year-over-year to $116.1 million, with networked charging revenue up 25% and subscription revenue increasing 10% to $43.7 million. The company's adjusted EBITDA loss narrowed significantly to $4.8 million from $22.1 million a year earlier, whilst GAAP net loss fell 46% to $35.6 million. GAAP gross margin reached 36%, with non-GAAP gross margin at 38%. CEO Rick Wilmer pointed to improving growth, new charging products, and a path towards positive EBITDA. ChargePoint is introducing next-generation Level 2 and Level 3 chargers in the US and expanding high-performance charging products in Europe.