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ChargePoint Receives Additional $43 Million To Expand Charging Stations In Europe

By Brian Spaen

ChargePoint, one of the largest electric vehicle charging networks in the world, is only going to get bigger. They’ve been able to raise $43 million and will now expand further into the European markets. Notably, that’s $43 million on top of the $82 million they received from in a fundraiser this spring and their new acquisition of GE’s charging network.

Daimler led the pack of giving the charging network most of the initial $82 million back in March. It’s a growing trend of manufacturers chipping in to the EV infrastructure. While range in electric cars continues to improve, more charging stations need to be installed to give people peace of mind that they can drive their EV anywhere. ChargePoint has over 33,000 chargers in the United States alone.

That infrastructure is at a much lower level in Europe. A startup company is launching Chargie, a solution that works similar to Uber and AirBnB. People can charge their electric vehicles at places that have home-based charging stations. At the moment, the service is geared toward the United Kingdom exclusively.