ChargePoint Holdings Inc
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Industrials : Electrical Equipment | Small Cap Blend
Company profile

ChargePoint Holdings, Inc. is an electric vehicle (EV) charging technology solutions provider and is creating a fueling network. The Company provides networked charging solutions in North America and Europe for all segments, such as commercial (retail, workplace, parking, recreation, education, and highway fast charging), fleet (delivery, logistics, motor pool, transit, and shared mobility) and residential (homes, apartments, and condominiums). ChargePoint has activated approximately 174,000 ports on its network, including approximately 11,500 DC ports, excluding single family home ports. It is a provider that sells networked charging hardware, cloud-based software services, and extended parts and labor warranty solutions to customers to enable electrification. ChargePoint’s networked charging solution types of EVs include cars, trucks, delivery vehicles, buses, yard tractors, and 18-wheelers. The ChargePoint ChargePoint-as-a-Service (CPaaS) program combines the customer's.

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0.33 (2.13%)
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$15.46
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-0.09 (-0.58%)
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15.83
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15.03
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13,522,127

10-day average volume:
10,866,276
13,522,127

ChargePoint and Colorado Energy Office announce the completion of fast charging corridor along Highway 40

8:00 am ET April 13, 2022 (BusinessWire) Print

ChargePoint (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced the completion of the first of six electric vehicle fast-charging corridors in partnership with the Colorado Energy Office. Corridor A runs along Highway 40 from Boulder to Dinosaur near the Utah border.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220412006178/en/

The fast-charging highway corridors project is a public-private partnership involving a $10 million investment by the Colorado Energy Office, which includes funding from the Volkswagen Settlement and Congestion Mitigation and Air Quality (CMAQ) Improvement Program, as well as investments by ChargePoint, local jurisdictions, electric utilities, and Colorado businesses. ChargePoint was awarded six corridors throughout Colorado and each charging site offers either two or four ChargePoint(R) Express 250 fast chargers, allowing electric vehicles to charge at up to 125 kilowatts. Later this year, the stations will be upgraded to ChargePoint's higher-powered Express Plus.

"It's incredible to see the dedication and progress made by the Colorado Energy Office in its goal of building out Colorado's EV fast-charging infrastructure through public-private partnerships," said Anne Smart, vice president, public policy, ChargePoint. "Once all six corridors are complete, these stations will allow Coloradans to drive long distances across the state in an electric vehicle."

In total, 20 fast-charging sites have been activated under this initiative, with several more under construction. Other sites are strategically located along I-70, Highway 50, Highway 550 and other key travel corridors. Drivers can find the location of charging sites on the ChargePoint mobile app or website.

This project will enable long-distance electric car travel, addressing a major barrier for drivers considering whether to buy and use electric cars. In turn, this will help Colorado meet its long-term goal of 100% electric car travel.

"Completing the first of six corridors is an exciting milestone for the program," said Christian Williss, Senior Director, Transportation Fuels and Technology, Colorado Energy Office. "The remaining sites will be operational by the end of year, helping to ensure that Coloradans can travel anywhere in the state in an electric vehicle. As EV adoption accelerates, more charging infrastructure will be needed along corridors and in communities all over the state, and CEO looks forward to new and continued partnerships like the one that made this program possible."

Driving electric reduces greenhouse gas emissions which cause climate change, as well as other air pollutants that cause respiratory, cardiovascular and other health problems. The charging stations are also expected to stimulate local economies by attracting electric vehicle drivers to the sites where they are installed.

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 110 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American European press offices or Investor Relations.

CHPT-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20220412006178/en/

SOURCE: ChargePoint

ChargePoint 
Jennifer Bowcock
VP, Communications
Jennifer.Bowcock@chargepoint.com 
media@chargepoint.com

Patrick Hamer
VP, Capital Markets and Investor Relations
Patrick.Hamer@chargepoint.com 
investors@chargepoint.com
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COMTEX_405648113/1006/2022-04-13T08:00:02

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