ChargePoint Overview and Company Facts

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Public charging station with eco-friendly design for electric vehicles.
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ChargePoint is a leading provider of electric vehicle (EV) charging solutions. It was founded in 2007 by Michael Katz and Evan Katz.

The company is headquartered in Foster City, California, and has since become one of the largest EV charging networks in the world. ChargePoint has over 100,000 charging spots across North America.

ChargePoint's mission is to accelerate the adoption of EVs by providing convenient and reliable charging solutions. The company has a strong focus on innovation and has developed a range of charging products and services.

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About ChargePoint

ChargePoint is one of the largest builders of electric vehicle charging networks in the U.S. and Europe, managing over 352,000 EV charging ports, including over 35,000 DC fast chargers.

It provides its customers with access to over 1.25 million additional charging ports worldwide through roaming partnerships. ChargePoint helps businesses set up their own charging stations and set their own rates, offering residential charging systems for homes and apartments.

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ChargePoint's growth stalled out in fiscal 2025 due to high interest rates, a chilly EV market, and tough macro headwinds, but it's expected to bounce back with a 19% CAGR in revenue from 2025 to 2028.

ChargePoint's business model is focused on making electric mobility the easy choice, aiming to make it so easy that someone plugs into their network every second. Since 2007, they've focused solely on building the best electric vehicle charging experience.

Company Information

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

The company's headquarters is located at 240 East Hacienda Avenue in Campbell, CA 95008, USA.

You can contact ChargePoint by calling 1-408-841-4500 or emailing [email protected].

Their website is a great resource for more information.

Here's a snapshot of ChargePoint's growth in charging stations over the years:

History

ChargePoint was founded in 2007 by Richard Lowenthal, Dave Baxter, and Harjinder Bhade. The company was initially called Coulomb Technologies.

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The CEO and president of ChargePoint as of 2018 is Pasquale Romano. He has been instrumental in leading the company's growth and expansion.

In 2018, ChargePoint raised $240 million, which helped the company expand its charging station network. At the time, ChargePoint maintained 57,000 charging stations.

ChargePoint reached a major milestone in 2019 by partnering with VW's Electrify America to provide common access to their US customers. This partnership helped increase the company's reach and convenience.

ChargePoint's charging station network has grown rapidly over the years. Here's a breakdown of the number of charging stations the company had at various points in time:

ChargePoint went public through a special-purpose acquisition company ("SPAC") reverse merger in February 2021. This move helped the company expand its reach and increase its visibility in the market.

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. This partnership will provide convenient charging options for all EVs.

Contact Information

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You can reach Chargepoint's customer service team by calling 1-408-841-4500.

Their email address is [email protected], so feel free to send them a message if you'd rather communicate that way.

Chargepoint's headquarters is located at 240 East Hacienda Avenue in Campbell, CA 95008, USA.

This is where you can find their main office and get in touch with them directly if needed.

Charging Infrastructure

ChargePoint has developed a wide range of charging solutions for electric vehicles, including the ChargePoint Home, which is a small home charger that won an Edison Award for new product innovation and human-centered design.

ChargePoint's business model involves selling its hardware and software to property owners and building a searchable network of charging stations for drivers.

The company offers several types of charging stations, including the CT4000 Family, which is designed for property owners, businesses, and municipalities, and supports power sharing along multiple ports.

ChargePoint Express DC fast chargers offer fast charging for most DC-capable electric vehicles, with an embedded AC-to-DC converter that directly charges the vehicle battery and can charge some EVs in less than 30 minutes.

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The Express 100 is a 24 kW charger, while the Express 200 is a 50 kW charger, and the Express 250 is a 62.5 kW charger.

ChargePoint Express Plus is a liquid-cooled, modular 400 kW charging system that was launched in January 2017 at CES in Las Vegas, Nevada, USA.

ChargePoint's network of charging stations is extensive, with over 200,000 active public charging ports, and through roaming partnerships, they extend their reach to over 355,000 ports.

ChargePoint operates in 14 countries, including the United States and Canada, and their network covers North America and Europe.

Here's a breakdown of ChargePoint's network size:

ChargePoint has established a substantial network of electric vehicle charging stations across the globe, boasting over 200,000 active public charging ports, primarily focusing on North America, with a strong presence in the United States and Canada.

Their network has grown significantly over the years, with the number of "spots" increasing from 35,900 in June 2017 to 225,000 in January 2023.

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ChargePoint actively expands its network through collaborations with businesses, governments, and organizations to install charging stations in diverse locations.

They also offer various charging solutions to cater to different needs and continuously explore opportunities to expand into new markets, solidifying their position as a key player in the global EV charging infrastructure.

Unveils Omni Port Retrofit for All EV Connectors

ChargePoint has made a significant move with the introduction of their Omni Port Retrofit for all EV connectors. This innovative technology allows for seamless integration with various EV charging systems.

The Omni Port Retrofit can support charging speeds of up to 12 kW, as seen in the Home Flex and CPF50 models. This is a game-changer for EV owners who want to charge their vehicles quickly and efficiently.

One of the key benefits of the Omni Port Retrofit is its ability to deliver up to 50 amps of power, adding up to 37 miles of range per hour of charging. This is a significant improvement over standard wall outlets, which can take much longer to charge an EV.

Credit: youtube.com, ChargePoint Omni Port: Universal Charging for Tesla and All EVs

The Omni Port Retrofit is compatible with a range of ChargePoint models, including the CT4000 Family, which can provide up to 7.2 kW of power per port. This makes it an ideal solution for businesses and organizations looking to upgrade their existing charging infrastructure.

Here's a quick rundown of the key features of the Omni Port Retrofit:

Overall, the Omni Port Retrofit is a significant advancement in EV charging technology, offering faster and more efficient charging speeds for EV owners.

Updates and News

ChargePoint has been expanding its network of charging stations, with over 100,000 stations across North America.

The company has also been making strides in electric vehicle (EV) charging technology, introducing a new high-power charging system that can charge a car to 80% in just 15 minutes.

ChargePoint has partnered with several major automakers, including BMW and Volkswagen, to provide charging solutions for their customers.

The company's mobile app allows users to find and reserve charging stations, as well as track their charging history and receive notifications when their car is fully charged.

ChargePoint's charging stations are also equipped with advanced security features, including encryption and secure payment processing.

Financial Information

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ChargePoint offers a range of pricing plans to suit different needs, including a free plan for small fleets and a premium plan for large enterprises.

Their pricing plans vary by the number of vehicles and charging points, with a starting price of $10 per month for a single vehicle and a maximum of 10 charging points.

ChargePoint provides detailed financial information on their website, including pricing plans and estimated costs for different use cases.

Their pricing plans include a free plan for small fleets, which allows for 2 vehicles and 2 charging points, and a premium plan for large enterprises, which starts at $10,000 per year.

ChargePoint's financial information is transparent and easy to understand, making it simple for customers to choose the right plan for their needs.

Frequently Asked Questions

Is ChargePoint charging free?

ChargePoint charging is not always free, but many stations offer free use; check the station's details page or display for pricing information

Why is ChargePoint dropping?

ChargePoint's stock dropped due to weaker-than-expected sales and missed guidance, largely attributed to a slowdown in electric vehicle (EV) sales growth. This deceleration in EV sales has slammed the brakes on ChargePoint's growth.

Joan Corwin

Lead Writer

Joan Corwin is a seasoned writer with a passion for covering the intricacies of finance and entrepreneurship. With a keen eye for detail and a knack for storytelling, she has established herself as a trusted voice in the world of business journalism. Her articles have been featured in various publications, providing insightful analysis on topics such as angel investing, equity securities, and corporate finance.

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