Ahead of Electric-Vehicle Push, Daimler Invests in ChargePoint


Ahead of Electric-Vehicle Push, Daimler Invests in ChargePoint

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Daimler in addition to also ChargePoint partner

Mercedes-Benz can be busy planning a portfolio of electrified types with the upcoming launch of an all-electric EQ sub-brand around 2019 in addition to also—by 2020—a full range of complementary Mercedes plug-in hybrids. nevertheless the missing piece of the plan has been the infrastructure: With so many vehicles inside the works, where do they charge, especially apartment dwellers in big cities or those who want to cover longer distances?

Not anymore. Daimler has forged an important partnership by becoming the lead investor in an $82 million Europe-focused fundraising round in ChargePoint, the largest of the electric-vehicle charging networks inside the United States. The move provides ChargePoint that has a market entry into Europe in addition to also gives Daimler (in addition to also its customers) of which much needed public-charging infrastructure. In North America, ChargePoint currently has more than 33,000 charging ports distributed among 7000 sites. Daimler’s involvement could make those accessible to its U.S. customers.

The latest funding push includes additional support by existing investors inside the charging company, including BMW i Ventures, the electromobility venture-capital affiliate of BMW Group. The BMW i lineup can be expected to expand in addition to also go entirely electric, so This specific’s quite possible of which these two brands will sharing some charging resources moving forward.

Mercedes Generation EQ concept

ChargePoint notes of which, at present, there are more electric vehicles on the road in Europe than inside the U.S., in addition to also European EV in addition to also hybrid sales together are anticipated to more than quadruple by 2021. While Europe’s charging experience can be rather fragmented currently, ChargePoint boasts of which its chargers are fully networked, monitored, in addition to also supported with cloud-based payment services in addition to also apps.

The European expansion could use the Combined Charging System (CCS) standard—also called SAE Combo—to cover power needs up to 400 kW. of which could surpass both the 150-kW level of which can be anticipated to become publicly available at some charging stations inside the next year as well as the high-power 350-kW standard of which’s inside the works as an upgrade.

Ahead of Electric-Vehicle Push, Daimler Invests in ChargePoint

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