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ChargePoint
ChargePoint runs a networked EV charging business with over 200,000 ports, selling hardware and SaaS to enterprises and fleets across North America and...
ChargePoint
ChargePoint was founded in 2007 and reached public markets in 2021 via a merger with Switchback Energy Acquisition Corporation, a special-purpose acquisition company. The firm designs, manufactures, and sells networked charging hardware, then levies cloud-based software subscriptions that let station owners manage pricing, access, and energy use. Its platform spans Level 2 workplace and retail plugs alongside DC fast-charging units that highway corridor operators deploy. The company's installed base surpassed 200,000 active networked ports across North America and Europe, encompassing commercial, fleet, and residential charging. Revenue derives from charging system hardware, Cloud Services subscriptions, and extended warranties rather than from electricity resale. Enterprise clients include IKEA, Netflix, and that same retailer's distribution fleets. The 2021 combination with Switchback reflected a pro forma enterprise value of roughly $2.4 billion, with $493 million of cash delivered to the balance sheet. ChargePoint runs its main office in Campbell, California, and maintains operations in the Netherlands for European distribution. It absorbed the Austrian charging-software vendor has·to·be in 2021 in a transaction valued at roughly €250 million, and later acquired fleet-energy optimization specialist ViriCiti. In September 2023, the company promoted Rick Wilmer to CEO, stepping in for Pasquale Romano after the board sought a leader with deeper operational-supply-chain experience (per the firm, September 2023). ChargePoint's structural posture separates it from pure hardware vendors: it does not monetize the kilowatt-hour dispensed. Instead, it builds a razor-and-blade model where each port sold feeds a recurring SaaS stream tied to station-owner fleet-management and driver-access software. This shifts the company's growth narrative from unit shipments to active network subscriptions, though public-market investors have scrutinized the pace at which hardware revenue converts into gross-margin-accretive software billings.
General information
Firm type
Asset Manager
Year founded
2007
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Campbell
Corporate office
Campbell, CA, United States
Principals
Rick Wilmer
Chief Executive Officer
Sector focus
Frequently asked questions
How does ChargePoint generate revenue?
The company sells networked charging hardware and collects subscription fees for Cloud Services that let station owners set pricing, track usage, and manage driver access. It does not earn income from the electricity dispensed — revenue comes from equipment sales, software-as-a-service plans, and extended maintenance warranties.
What is ChargePoint's installed base of charging ports?
ChargePoint surpassed 200,000 active networked charging ports across North America and Europe. That total covers Level 2 units in commercial lots, DC fast-charging stations deployed along highways, and fleet-depot hardware at corporate locations such as IKEA and Netflix.
Is ChargePoint a single-family office or a publicly traded company?
ChargePoint is a publicly traded company. It listed on the New York Stock Exchange under the ticker CHPT in March 2021 after merging with Switchback Energy Acquisition Corporation, a special-purpose acquisition vehicle.
Who runs investment decisions — meaning what does the term 'Holdings' signify?
The 'Holdings' in the corporate name is a legacy registration structure — it does not indicate an investment manager or family office. ChargePoint is an operating company that makes product-level capital-allocation decisions through its executive leadership and board of directors, not a vehicle that deploys capital into third-party investments.
Where does ChargePoint operate geographically?
The company's main market includes the United States and Canada, with an expanding European footprint run from the Netherlands. The 2021 acquisition of has·to·be extended its software subscriber base across Austria, Switzerland, and Germany.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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