Gunderson Dettmer client ChargePoint secures $240M Series H
ChargePoint, a client of Gunderson Dettmer, secured a Series H financing of $240 million bringing their total funding raised to more than half a million dollars. This round of funding comes from a diverse group of new investors including American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision, Daimler Trucks & Buses, GIC and Quantum Energy Partners. Existing investors include BMW iVentures, Braemar Energy Ventures, Linse Capital and Siemens.
ChargePoint is the world’s leading electrical vehicle charging network and has seen unprecedented growth powered by the mass adoption of electric mobility. The scope of investors and size of the financing underscores the industry’s excitement for comprehensive charging solutions. The company has said that it will use the latest funding to “further expand its network, continue to build its footprint in Europe and North America, improve the experience for EV drivers, and expand solutions for fleets ad the market quickly approaches the mass adoption of electrified transportation.”
Gunderson Dettmer’s deal team representing ChargePoint included partners Scott Dettmer, David Young and Tom Villeneuve and associates Robin Stenerson and Heejeong Won.