Chargepoint, the US-based operator of a network of electric vehicle (EV) charging stations, has secured $22.6m in new funding from its existing investors.
Those existing backers included Siemens Venture Capital, industrial manufacturer Siemens’ corporate venturing unit, and automotive company BMW, along with Rho Ventures, Kleiner Perkins Caufield & Byers, Braemar Energy Ventures, and Voyager Capital.
“This additional round of funding demonstrates confidence in ChargePoint’s business model and our advanced technology, as well as the EV industry as a whole,” said ChargePoint CEO Pasquale Romano. “With this financial support, ChargePoint will expand our network to enter into new markets and develop new products to coalesce the entire EV charging experience.”
Formerly known as Coulomb Technologies, Chargepoint oversees a US-wide network comprising over 17,000 charging points. It has now raised more than $110m in funding since it was founded in 2007, including a $47.5m series D round in 2012.
Previous backers also include Toyota Tsusho, a member of Japan-based conglomerate Toyota Group, Korea-based conglomerate LS Group, Harbor Pacific Capital Partners and Hartford Ventures.