Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues146m242m468m507m526m676m861m
% growth1 %65 %93 %8 %4 %29 %27 %
EBITDA(110m)(252m)(313m)(413m)(104m)(12.5m)51.8m
% EBITDA margin(75 %)(104 %)(67 %)(81 %)(20 %)(2 %)6 %
Profit(197m)(133m)(344m)(458m)(238m)(142m)(112m)
% profit margin(134 %)(55 %)(74 %)(90 %)(45 %)(21 %)(13 %)
EV / revenue9.4x17.6x8.6x1.5x1.7x1.4x1.0x
EV / EBITDA-12.5x-17.0x-12.9x-1.8x-8.7x-74.9x17.1x
R&D budget75.0m145m195m221m---
R&D % of revenue51 %60 %42 %44 %---
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DateInvestorsAmountRound
-

N/A

-

$3.7m

Series A

$14.0m

Series B

$15.0m

Series C

$47.5m

Series D

$1.0m

Grant

$22.6m

Series E

$50.0m

Series F

$82.0m

Series G

$43.0m

Series G

$45.0m

Debt

$240m

Valuation: $1.0b

Series H

$127m

Valuation: $1.2b

Series H

$225m

Valuation: $2.4b

16.6x EV/LTM Revenues

-19.7x EV/LTM EBITDA

SPAC Private Placement

$317m

Valuation: $2.4b

16.6x EV/LTM Revenues

-19.7x EV/LTM EBITDA

SPAC IPO
*

$300m

Post IPO Convertible
*

$150m

Post IPO Debt
*

$232m

Post IPO Equity
Total FundingAUD1.3b

Recent News about ChargePoint

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More about ChargePointinfo icon
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ChargePoint is a pioneering company in the electric vehicle (EV) charging industry, boasting over 13 years of experience. The company operates one of the largest EV charging networks globally, with a dominant presence in North America and a growing footprint in Europe. ChargePoint serves a diverse range of clients, including commercial businesses, fleet operators, and individual EV owners. Notably, 76% of Fortune 50 companies are among its 5,000 commercial and fleet customers worldwide.

ChargePoint's business model is capital-light, meaning it doesn't require heavy investment in physical assets to grow. Instead, it focuses on expanding its network of charging stations, which currently includes 118,000 locations across North America and Europe. The company generates revenue through multiple streams: selling charging hardware, offering subscription-based software services, and providing maintenance and support. This diversified approach ensures a steady income while fostering customer loyalty.

The market ChargePoint operates in is rapidly expanding as the world shifts towards sustainable energy solutions. With more people and businesses adopting electric vehicles, the demand for reliable and accessible charging infrastructure is skyrocketing. ChargePoint's early entry into this market and its continuous innovation have positioned it as a leader, capturing more than 70% of the networked level 2 charging market in North America—seven times more than its closest competitor.

In summary, ChargePoint is at the forefront of the electric vehicle revolution, providing essential infrastructure to support the growing EV market. Its established network, diverse client base, and multiple revenue streams make it a compelling player in the sustainable energy sector.

Keywords: EV charging, electric vehicles, North America, Europe, commercial clients, fleet operators, capital-light, subscription services, hardware sales, market leader.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by ChargePoint

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ViriCiti
ACQUISITION by ChargePoint Aug 2021
Kisensum
ACQUISITION by ChargePoint Jun 2018
Has.to.be
ACQUISITION by ChargePoint Jul 2021