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About ChargePoint
Industries
Automotive & Transportation
Energy
Consumer Software
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$865.5M
Headquarters
Campbell, California
Founded
2007
Overview
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.
Simplify's Take
What believers are saying
- DMC technology could significantly boost network efficiency and user engagement.
- GM partnership may increase ChargePoint's market presence and expand its user base.
- Public sector expansion with $19M investment in California enhances fast-charging market presence.
What critics are saying
- Legal investigation by Glancy Prongay & Murray LLP may lead to financial or reputational damage.
- Departure of James Griffin could impact fleet sales strategy and client relationships.
- DMC technology may face adoption challenges or technical issues, affecting market position.
What makes ChargePoint unique
- ChargePoint leads with Dynamic Magnitude Charging, enhancing charging efficiency and user attraction.
- Partnership with GM for 500-kW 'Omni Port' chargers expands market reach and user base.
- Anti-cable theft innovations improve customer satisfaction and reduce maintenance costs.
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Funding
Total Funding
$865.5M
Above
Industry Average
Funded Over
15 Rounds
Kleiner PerkinsBenefits
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.
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 1%ChargePoint, a leader in the electric vehicle (EV) charging space, has introduced a groundbreaking technology called Dynamic Magnitude Charging (DMC) that is set to alter the landscape of vehicle charging systems.
ChargePoint rolls out new anti-cable theft innovations for EV chargers.
Weeks later, ChargePoint introduced additional technology to tackle another headache amongst EV drivers charging publicly - maintenance.
ChargePoint's cut-resistant charging cables deter theft and vandalism due to novel cut-resistant materials built into the cable, designed to make the cable substantially more difficult for would-be vandals to cut while remaining flexible and easy for drivers to comfortably maneuver while in use.
ChargePoint announced its Express Plus ultra-fast charging system last year, and now it is partnering with General Motors to install up to 500 of them around the U.S.
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About ChargePoint
Industries
Automotive & Transportation
Energy
Consumer Software
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$865.5M
Headquarters
Campbell, California
Founded
2007
ChargePoint is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today