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Daimler AG charges up ChargePoint’s European expansion

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Daimler is expanding its investment in a connected charging network for EVs. Image source: Shutterstock (#573049873)

Daimler AG leads the investors with its $82-million funding to US-based charging solutions provider ChargePoint increasing the company’s funding to more $255 million as the North American leader eyes the European market. With its strategic participation in ChargePoint, Daimler is making another significant step forward as part of its CASE (Connected, Autonomous, Shared and Electric) corporate strategy – in particular with regard to its new product brand EQ, under which the company is planning to bundle its know-how in the field of intelligent electric mobility in future Mercedes-Benz products. Furthermore, ChargePoint’s range extends from intelligent charging services for the home as well as tailor-made services right through to home energy storage units. Whether at home, at work or out on the road: intelligently networked charging solutions form an integral part, as customer acceptance in the area of electric mobility is closely associated with the availability of a comprehensive infrastructure.

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