US-based electric vehicle (EV) charging station operator Chargepoint has raised an undisclosed amount of new series E funding from Constellation Technology Ventures that increased its overall funding to $114m, Silicon Valley Business Journal reported on Wednesday.
Although the amount was not specified, Chargepoint raised $22.5m in May from investors including automotive manufacturer BMW and industrial equipment producer Siemens in May, bringing its total funding to $110m, indicating that Constellation, the corporate venturing subsidiary of energy company Exelon, invested approximately $4m.
Chargepoint, known as Coulomb Technologies when it was founded in 2007, claims to oversee the largest and most open network of EV charging station in the world, owning about 17,000 charging locations in North America alone.
Other investors in the May round included Kleiner Perkins Caufield & Byers, Rho Ventures, Braemar Energy Ventures and Voyager Capital. Toyota Tsusho, a trading affiliate of carmaker Toyota, conglomerate LS Group, Harbor Pacific Capital Partners and Hartford Ventures are also past investors.