ChargePoint explained

ChargePoint Holdings, Inc.
Type:Public
Key People:Rick Wilmer (CEO)
Location:Campbell, California, U.S.
Industry:Electric vehicle infrastructure
Products:Electric vehicle chargers
Revenue: million (2023)
Operating Income: million (2023)
Net Income: million (2023)
Assets: billion (2023)
Equity: million (2023)
Num Employees:1,650 (2023)
Footnotes:Financials [1]

ChargePoint (formerly Coulomb Technologies)[2] is an American electric vehicle infrastructure company based in Campbell, California.[3] ChargePoint operates the largest online network of independently owned EV charging stations operating in 14 countries[4] and makes some of its technology.

History

ChargePoint was founded in 2007 as Coulomb Technologies by Richard Lowenthal, Dave Baxter and Harjinder Bhade.[5] [6]

In June 2017, ChargePoint took over 9,800 electric vehicle charging spots from GE,[7] adding to its 34,900 existing charging stations across Mexico, Australia, Canada, and the United States.[8]

The CEO and president as of 2018 is Pasquale Romano. On November 28, 2018, ChargePoint raised $240 million.[9] At the time, ChargePoint maintained 57,000 charging stations.[10] In 2019, VW's Electrify America and ChargePoint agreed to provide common access to their US customers.[11]

The company reached 100,000 chargers in September 2019, while adding more than 2,000 charging locations per month [12]

ChargePoint went public through a special-purpose acquisition company ("SPAC") reverse merger in February 2021.[13] [14] In January 2023, ChargePoint, Mercedes-Benz, and MN8 Energy announced plans to add 2,500 fast chargers at 400 charging hubs in the U.S., which will be available to all EVs.[15] [16]

Date Number of "spots"
June 201735,900 [17]
July 201847,000 [18]
September 201853,000 [19]
November 201857,000 [20]
January 201958,000 [21]
June 201965,000 [22]
September 2019100,000
November 2019103,700 [23]
September 2020114,000
March 2022174,000 [24]
January 2023225,000

Charging stations

The company "designs, develops and manufactures hardware and software solutions" for electric vehicles at large.[10] Its business model, according to the Silicon Valley Business Journal, involves selling "its hardware and software to property owners, build a searchable network of charging stations for drivers and maintain individual stations."[8]

ChargePoint Home – This small home charger won an Edison Award for new product innovation and human-centered design.[25] It is available in 16A and 32A versions. ChargePoint Home Flex added 50A charging support.

CT4000 Family – The CT4000 is intended for property owners, businesses and municipalities providing for charging stations for their employees, customers, residents and fleets. It was the first to support power sharing along multiple ports.[26]

CP4000 Family – Three phase Mennekes ("type 2") charging for Europe, up to 22 kW. Can share a single three phase 63A circuit or use two separate 32A circuits.

CPE 100 and CPE 200 – ChargePoint Express DC fast chargers offer fast charging for most DC-capable electric vehicles. With an embedded AC-to-DC converter, they directly charge the vehicle battery and can charge some EVs in less than 30 minutes. Express stations are particularly suitable for short dwell time parking, freeway corridor locations and quick turnaround fleet charging. They can also be installed in workplaces to complement CT4000 stations for employees who need a quick charge. Express 100 is 24 kW, Express 200 is 50 kW, and Express 250 is 62.5 kW. Express 100 is available in separate CCS and CHAdeMO models, while Express 200 is larger and has both ports.[27] [28] Express 200 is a charging design licensed from Tritium.

CPF25 Family – The CPF25 is designed for select fleet and multi-family applications. For fleets, CPF25 stations are suited for depot charging. For multi-family communities, CPF25 stations are intended for personal charging in assigned parking spots.[29] CPF32 is a European Type 2 version (still limited to single phase 32A charging). The CPF50 added 50A charging support.

ChargePoint Express Plus Family – The liquid-cooled, modular 400 kW charging system called "Express Plus" was launched in January 2017 at CES in Las Vegas, Nevada, USA.[30]

Obsolete stations

CT1000 – NEMA 5-15 outlet behind a door, ChargePoint's first station. It is rare, with most having been upgraded to the CT2100.

CT1500 – 220 V 16 A outlets behind a door. Can be Schuko, BS 1363, or Australian outlets.

CT2000 – Single J1772.

CT2100 – J1772 and NEMA 5-20 charging on separate circuits.

CT2500 – Mennekes (IEC 62196) charging (single phase).

CT2020 family – Dual J1772 on separate circuits (no power sharing support).

CT500 – Small home charger (J1772), replaced by ChargePoint Home.

CT3000 – 50 kW CHAdeMO fast charging

See also

Notes and References

  1. Web site: ChargePoint Holdings, Inc. Fiscal 2023 Annual Report (Form 10-K) . April 3, 2023 . SEC.gov . U.S. Securities and Exchange Commission.
  2. Web site: Coulomb Technologies announces new smart-charging infrastructure for plug vehicles . ChargePoint .
  3. Web site: Contact Information . ChargePoint . November 28, 2018.
  4. Web site: The Essential Guide to EV Charging Networks in North America. PlugShare.com.
  5. Web site: 2014 CNBC's Disruptor 50 . June 17, 2014 . CNBC.
  6. Squatriglia . Chuck . June 2, 2018 . Startup Promises Free Chargers to EV Buyers . Wired.
  7. Web site: ChargePoint takes over GE's 9,800 electric vehicle charging spots . Paul Sawers . June 27, 2017 . . November 28, 2018.
  8. Web site: ChargePoint picks up 10,000 new electric car charging stations from GE . Luke Stangel . June 27, 2017 . . June 27, 2018.
  9. Web site: ChargePoint plugs in $240M in what could be last funding before IPO . Cromwell Schubarth . November 28, 2018 . . November 28, 2018.
  10. Web site: ChargePoint raises $240 million to serve an anticipated flood of electric vehicles. Kirsten Korosec . November 28, 2018 . . November 28, 2018.
  11. Web site: Electrify America & ChargePoint Enter Into Roaming Agreement . . June 12, 2019.
  12. Web site: ChargePoint Celebrates 100,000 Places to Charge.
  13. Web site: EV charging network ChargePoint to go public via SPAC. January 19, 2021. TechCrunch. September 24, 2020 . en-US.
  14. Web site: Form 8-K Current Report . January 11, 2021 . June 10, 2021 . .
  15. Web site: Doll . Scooter . 2023-01-05 . ChargePoint and Mercedes-Benz team up to bring hundreds of fast charging hubs to EV drivers . 2023-01-11 . Electrek . en-US.
  16. Web site: Hawkins . Andrew J. . 2023-01-05 . Mercedes-Benz and ChargePoint are going to install thousands of EV fast chargers in the US . 2023-01-11 . The Verge . en-US.
  17. Web site: ChargePoint Takes over Management of GE's Electric Vehicle Charging Network.
  18. Web site: PlugShare – EV Charging Station Map – Find a place to charge.
  19. Web site: ChargePoint Plans to Install 2.5 Million EV Chargers in Next 7 Years. September 17, 2018.
  20. Web site: ChargePoint raises $240 million to serve an anticipated flood of electric vehicles. November 28, 2018 .
  21. Web site: General Motors to collaborate with EVgo, ChargePoint and Greenlots to enhance the charging experience for customers. January 9, 2019.
  22. Web site: ChargePoint, Electrify America Collaborate on Agreement to Expand Public EV Charging Access. May 22, 2024 .
  23. https://www.chargepoint.com/files/ChargePointFacts.pdf
  24. https://s22.q4cdn.com/779683160/files/doc_presentation/2022/03/ChargePoint-Investor-Presentation_March-2022_Posted-updated.pdf
  25. Web site: ChargePoint Home. chargepoint.com.
  26. Web site: ChargePoint CT4000 Family. chargepoint.com.
  27. Web site: Express 100. chargepoint.com.
  28. Web site: Express 200. chargepoint.com.
  29. Web site: ChargePoint CPF25 Family. chargepoint.com.
  30. Web site: ChargePoint Enables the Future of Mobility with Express Plus Electric Vehicle Charging Platform. January 5, 2017. Chargepoint. January 5, 2017.