ChargePoint Raises $127 Million To Accelerate Expansion

Commercial and fleet businesses are the new area of expansion.

ChargePoint announced that it has closed $127 million in incremental equity financing, which brings the total funding to $660 million.

The latest cash injection will be used to accelerate the expansion of ChargePoint’s global commercial and fleet businesses in North America and Europe, in particular. The company attached an image of charging points for electric trucks: