Chargepoint Raises $240 Million, With Backers Including Chevron And American Electric Power

by greentechmedia.com posted 2years ago 54 views
ChargePoint’s latest funding round adds $240 million to the company’s portfolio, nearly doubling cash the company has on hand to over $500 million. The latest roster of investors includes Chevron’s Technology Ventures, along with legacy investors such as GIC Private Limited, utility American Electric Power, and Daimler Trucks & Buses. Pasquale Romano, the CEO and president of ChargePoint, said the funding sources show “we’re now solidly past the tipping point” on moving toward transportation electrification. “You’ve got old energy, plus new energy, plus mainstream investors all coming together saying this is definitely a trend that’s here to stay,” said Romano.

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