ChargePoint Inc., builder of the world’s largest electric-vehicle charging network, raised $127 million in its latest round of funding as the company adds more locations in the U.S. and Europe.
The company has raised $667 million to date and plans to use the funds to expand its network, which has more than 115,000 charging spots worldwide. ChargePoint expects electric-vehicle sales to continue rising and has a goal of expanding its network to 2.5 million spots by 2025.
The latest round for ChargePoint comes as investors continue pouring money into electric-vehicle makers. Tesla Inc. shares have hit record levels and several EV startups have been bought by special purpose acquisition companies, or SPACs, that raise public funds in search of deals.
Lordstown Motors Inc. went public Aug. 3 by using a reverse merger with the SPAC DiamondPeak Holdings. And last week, General Motors Co. joined charger-network provider EVgo in moving to expand its infrastructure.
[From Bloomberg]
No comments:
Post a Comment