ChargePoint

Last updated

ChargePoint Holdings, Inc.
Company type Public company
Industry Electric vehicle infrastructure
Founded2007;17 years ago (2007)
Headquarters Campbell, California, U.S.
Key people
Rick Wilmer (CEO)
ProductsElectric vehicle chargers
RevenueIncrease2.svgUS$468 million (2023)
Decrease2.svgUS$−341 million (2023)
Decrease2.svgUS$−345 million (2023)
Total assets Increase2.svgUS$1.08 billion (2023)
Total equity Decrease2.svgUS$355 million (2023)
Number of employees
1,650 (2023)
Website chargepoint.com OOjs UI icon edit-ltr-progressive.svg
Footnotes /references
Financials as of January 31,2023 [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. [5]

Contents

History

A ChargePoint public charging station at the Hillsboro Civic Center in Hillsboro, Oregon. Tesla Model S being Charged at a ChargePoint..JPG
A ChargePoint public charging station at the Hillsboro Civic Center in Hillsboro, Oregon.

ChargePoint was founded in 2007 as Coulomb Technologies by Richard Lowenthal, Dave Baxter and Harjinder Bhade. [6] [7] [5]

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

The CEO and president as of 2018 is Pasquale Romano. [5] On November 28, 2018, ChargePoint raised $240 million. [10] At the time, ChargePoint maintained 57,000 charging stations. [5] 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]

DateNumber 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 [12]
November 2019103,700 [23]
September 2020114,000 [23]
March 2022174,000 [24]
January 2023225,000 [1]

Charging stations

The company "designs, develops and manufactures hardware and software solutions" for electric vehicles at large. [5] 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." [9]

ChargePoint CT4000 family intelligent dual port networked Electric Vehicle charging station with driver services, mobile and web apps. Ct4k public domain image.JPG
ChargePoint CT4000 family intelligent dual port networked Electric Vehicle charging station with driver services, mobile and web apps.

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

Related Research Articles

Avcon is a company that manufactures charging interfaces for battery electric vehicles (EV). The lettering convention is Avcon for the company and AVCON (capitals) for the EV charging connector.

Epyon is a Dutch company that produces fast-chargers for electric vehicles.

<span class="mw-page-title-main">Charging station</span> Installation for charging electric vehicles

A charging station, also known as a charge point, chargepoint, or electric vehicle supply equipment (EVSE), is a power supply device that supplies electrical power for recharging plug-in electric vehicles.

<span class="mw-page-title-main">Magne Charge</span>

Magne Charge is an obsolete inductive charging system used to charge battery electric vehicles (BEVs).

<span class="mw-page-title-main">Electric vehicle charging network</span> Infrastructure system of charging stations to recharge electric vehicles

An electric vehicle charging network is an infrastructure system of charging stations to recharge electric vehicles. The term electric vehicle infrastructure (EVI) may refer to charging stations in general or the network of charging stations across a nation or region. The proliferation of charging stations can be driven by charging station providers or government investment, and is a key influence on consumer behaviour in the transition from internal combustion engine vehicles to electric vehicles. While charging network vendors have in the past offered proprietary solutions limited to specific manufacturers, vendors now usually supply energy to electric vehicles regardless of manufacturer.

<span class="mw-page-title-main">SAE J1772</span> Electric vehicle charging connector in North America

SAE J1772, also known as a J plug or Type 1 connector after its international standard, IEC 62196 Type 1, is a North American standard for electrical connectors for electric vehicles maintained by SAE International under the formal title "SAE Surface Vehicle Recommended Practice J1772, SAE Electric Vehicle Conductive Charge Coupler".

<span class="mw-page-title-main">CHAdeMO</span> Fast charging method trade name

CHAdeMO is a fast-charging system for battery electric vehicles, developed in 2010 by the CHAdeMO Association, formed by the Tokyo Electric Power Company and five major Japanese automakers. The name is an abbreviation of "CHArge de MOve" and is derived from the Japanese phrase "o CHA deMO ikaga desuka" (お茶でもいかがですか), translating to English as "How about a cup of tea?", referring to the time it would take to charge a car.

<span class="mw-page-title-main">IEC 62196</span> International standards for vehicle charging technology

IEC 62196Plugs, socket-outlets, vehicle connectors and vehicle inlets – Conductive charging of electric vehicles is a series of international standards that define requirements and tests for plugs, socket-outlets, vehicle connectors and vehicle inlets for conductive charging of electric vehicles and is maintained by the technical subcommittee SC 23H “Plugs, Socket-outlets and Couplers for industrial and similar applications, and for Electric Vehicles” of the International Electrotechnical Commission (IEC).

<span class="mw-page-title-main">Combined Charging System</span> Electric vehicle charging standard

The Combined Charging System (CCS) is a standard for charging electric vehicles. It can use Combo 1 (CCS1) or Combo 2 (CCS2) connectors to provide power at up to 350 kilowatts (kW) . These two connectors are extensions of the IEC 62196 Type 1 and Type 2 connectors, with two additional direct current (DC) contacts to allow high-power DC fast charging. In response to demand for faster charging, 400 kW CCS chargers have been deployed by charging networks and 700 kW CCS chargers have been demonstrated.

<span class="mw-page-title-main">Type 2 connector</span> Electric vehicle charging connector in Europe

The IEC 62196 Type 2 connector is used for charging electric vehicles, mainly within Europe, as it was declared standard by the EU. Based on widespread red IEC 60309 three phase plugs with five pins, which come in different diameters according to maximum current, a single size was selected, as maximum possible power will be communicated to the car via two additional communication pins and by a simple resistor coding within the cable. The onboard charger inside the car has to limit the current accordingly.

<span class="mw-page-title-main">EVgo</span> Electric vehicle charging network in U.S.

EVgo Inc. is an electric vehicle DC fast charging station network in the United States, with more than 950 charging locations as of August 2023. The company's charge stations are located in 35 states and are compatible with all major auto manufacturers.

Chargemaster Limited is a supplier of charging infrastructure for electric vehicles, based in Milton Keynes, England. It provides charging units for home, business and public use, and operates its own electric vehicle public charging network, which is the largest network in the United Kingdom.

<span class="mw-page-title-main">Pod Point</span> Electric vehicle charging provider

Pod Point is a UK provider of electric vehicle charging station. It provides charging units for home, business and public use. Since forming in 2009, Pod Point has manufactured and sold over 220,000 charging points. It has also developed one of the UK's largest public networks, connecting EV drivers with charging stations nationwide at locations such as Tesco, Lidl, Sainsbury's, Center Parcs and Southern Rail. Since 2014, when it signed a partnership with automaker Nissan, it also operates in Norway.

<span class="mw-page-title-main">Electrify America</span> Electric vehicle charging network in U.S.

Electrify America, LLC is electric vehicle DC fast-charging network in the United States, with more than 900 stations and over 4,000 DC fast charging connectors as of December 2023. It is a subsidiary of Volkswagen Group of America, established in late 2016 by the automaker as part of its efforts to offset emissions in the wake of the Volkswagen emissions scandal. Volkswagen, as part of its settlement following the "Dieselgate" emissions scandal, invested $2 billion in creating Electrify America. In June 2022, Siemens became a minority shareholder of the company. Electrify America supports the CCS and CHAdeMO connector types with plans to add NACS connectors starting in 2025. Electrify America has been the target of significant criticism for the perceived lack of reliability and maintenance of its stations.

The GB/T charging standard is a set of GB/T standards, primarily in the GB/T 20234 family, for electric vehicle AC and DC fast charging used in China. The standards were revised and updated most recently in 2015 by the Standardization Administration of China. The term is an abbreviation of 国标推荐 (guóbiāo/tuījiàn), translated as "recommended/voluntary national standard".

<span class="mw-page-title-main">ChaoJi</span> Electric vehicle charging standard

The ChaoJi connector, also referenced as CHAdeMO 3.0, is an ultra-high-power charging standard charging electric cars, released in 2020. The connector has a lemniscate shape (∞), with a flat bottom edge and is planned for charging battery electric vehicles at up to 900 kilowatts using direct current. The design incorporates backward compatibility with CHAdeMO and the GB/T DC-charging, using a dedicated inlet adapter for each system. The circuit interface of ChaoJi is also designed to be fully compatible with the Combined Charging System, also known as CCS.

<span class="mw-page-title-main">Electrify Canada</span> Electric vehicle charging network in Canada

Electrify Canada is a corporation formed by Electrify America and Volkswagen Group to build electric vehicle (EV) direct current (DC) charging infrastructure in Canada.

<span class="mw-page-title-main">Type 3 connector</span> Electric vehicle charging connector in Europe

The IEC 62196 Type 3 connector is used for charging battery electric vehicles, mainly within France and Italy, as it was one of three AC plug standards described in IEC 62196-2. The Type 3 connector comes in two physical formats, Type 3A for single-phase (230V) and Type 3C for single- and three-phase (400V) alternating current (AC) power. Both have since been superseded by the Type 2 connector, the latter adopted as sole connector in 2013 by the European Union. The Type 1 connector is the corresponding AC connector standard used in North America, Japan, and South Korea.

<span class="mw-page-title-main">Plug-in electric vehicles in Iceland</span>

The adoption of plug-in electric vehicles in Iceland is the second highest in the world after Norway, and fully supported by the government. As of 2022, the market share of electric vehicles in Iceland is around 60%, the second-highest in the world behind Norway. Around 14% of the country's passenger car fleet is electrified as of 2022.

<span class="mw-page-title-main">North American Charging Standard</span> Electric vehicle charging standard developed by Tesla

The North American Charging System (NACS), being standardized as SAE J3400, is an electric vehicle (EV) charging connector system developed by Tesla, Inc. It has been used by all North American market Tesla vehicles since 2021 and was opened for use by other manufacturers in November 2022. It is backwards compatible with the proprietary Tesla connectors made before 2021.

References

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