Daimler Invests in US Provider for Charging Solutions

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Daimler has become the lead investor in American charging solutions provider ChargePoint. Currently offering more than 33,000 charging spots, ChargePoint is one of the world’s leading providers in the sector for electric mobility charging solutions and is strongly positioned in the USA in particular. An expansion of the business to the European market is also being planned with the support of Daimler. No details were given on the amount invested. The strategic investment should lay the cornerstone for a comprehensive, customer-oriented range of charging products and services. ChargePoint offers solutions for every sector of the electric vehicle charging ecosystem, including commercial businesses, the retail trade, public institutions, fleet customers and individual drivers. Technologically, in Europe the company relies on the standardised Combined Charging System (CCS), providing maximum compatibility for future electric vehicle models of all brands.

Up to ten billion Euro is to be invested in electric mobility

Daimler is currently investing heavily in electric mobility beyond just vehicle development. In the coming years, as part of the electric mobility offensive, the company intends to invest around ten billion Euro in the expansion of its product portfolio encompassing the EQ brand. "ChargePoint is a company of experts in the field of electric mobility charging solutions with a great deal of know-how in both hardware and software. Together we will be able to significantly expand the product portfolio in the area of intelligent charging solutions and provide the customer with an all-embracing premium offer for electric mobility", says Axel Harries, head of CASE at Daimler and set to take up a seat on the Board of Directors at ChargePoint. Daimler and ChargePoint are systematically pursuing the same goal: to promote the breakthrough of electric mobility through the targeted expansion of infrastructure and services.

"The automobile industry is at an inflection point, with more vehicles coming onto the market offering highly advanced electric powertrains than any other time in the world’s history", says Pasquale Romano, CEO of ChargePoint. "The significant investment by our lead investor Daimler and others not only underscores a collective commitment to e mobility around the world, but will lay the groundwork for Europe’s most comprehensive charging network ever."