ChargePoint Holdings, Inc. (ChargePoint) is a provider of electric vehicle (EV) charging technology solutions, driving the transition to electric mobility across North America and Europe.
By meeting the needs of a rapidly growing EV market, ChargePoint enables its customers to reduce emissions, supports renewable energy integration, and promotes sustainable transportation. ChargePoint powers over 342,000 ‘active’ charging ports, which ChargePoint defines as ports that are running on ChargePoint...
ChargePoint Holdings, Inc. (ChargePoint) is a provider of electric vehicle (EV) charging technology solutions, driving the transition to electric mobility across North America and Europe.
By meeting the needs of a rapidly growing EV market, ChargePoint enables its customers to reduce emissions, supports renewable energy integration, and promotes sustainable transportation. ChargePoint powers over 342,000 ‘active’ charging ports, which ChargePoint defines as ports that are running on ChargePoint software, serving more than 750,000 active EV drivers monthly. EV drivers benefit from ChargePoint’s advanced mobile app and roaming partnerships, providing access to more than 1 million worldwide charging ports. ChargePoint also enables charge point operators (CPOs) and electric mobility service providers to build custom EV charging networks and is trusted by over 60% of Fortune 500, and over 80% of Fortune 50 companies to meet their growing EV charging requirements, making it a vital enabler of the transition to electric mobility.
To meet the growing demand for EV infrastructure ChargePoint delivers comprehensive offerings spanning the entire EV charging ecosystem, providing charging hardware, software, and a variety of services for businesses, fleet operators, CPOs, and automakers to optimize their charging operations under their own brands. ChargePoint serves commercial, fleet, and residential sectors with its diverse selection of networked charging systems, including Level 2, alternating current (AC) and Level 3, direct current (DC) fast charging stations. The ChargePoint Platform comprises ChargePoint’s charger management software (CMS or CMS Service), which is a cloud-based SaaS platform used by charging station owners to manage networked charging systems, and its ‘eMSP Service’ solution, which is a collection of cloud delivered software capabilities, APIs and companion professional services to enable e-Mobility Service Providers to in turn deliver custom EV driver management and payment solutions. ChargePoint’s networked charging systems and CMS are accompanied with a comprehensive services and support program, including an extended parts and labor warranty solutions called ‘Assure.’
The modular architecture of ChargePoint’s networked charging systems combined with its scalable and extensible ChargePoint Platform allows its customers to customize their charging networks to meet specific needs, whether for auto original equipment manufacturers (OEMs), private fleets, municipalities, workplaces, retail businesses or private networks. ChargePoint’s hardware, software, and services are designed to scale alongside the EV ecosystem, serving the needs of three core customer groups: CPOs, e-Mobility Service Providers, and EV drivers.
Charge Point Operators (CPOs)
ChargePoint enables CPOs to deploy, maintain, and operate EV charging stations. CPOs can generate revenue directly through the sale of electricity or access fees charged to EV drivers, or indirectly by attracting drivers to their businesses where charging stations are located. ChargePoint’s industry-leading products and services support a variety of CPO use cases, including:
For-Profit CPOs: Companies focusing on large-scale EV charging deployments and operations;
Auto OEMs: EV manufacturers, such as General Motors, Mercedes-Benz and Toyota providing charging infrastructure to support EV sales, and also at their factories and workplaces;
Site Hosts: Institutions, such as retail, education, healthcare, workplaces, multi-family, parking, and hospitality offering EV charging as an amenity to attract customers, employees, or tenants;
Fleet CPOs: Organizations like vehicle leasing and fleet management companies that use charging infrastructure to support fleet operations; and
Hybrid, Multi-Family or Shared CPOs: Apartments and condominiums providing shared charging for residents.
The ChargePoint Platform enables CPOs to offer customized solutions to fit their specific business needs with features, including remote diagnostics, energy management, flexible pricing, and dynamic controls to manage EV driver access policies.
e-Mobility Service Providers
e-Mobility Service Providers connect EV drivers to charging infrastructure across multiple siloed networks of charging stations through digital platforms. Typically, an e-Mobility Service Provider will directly manage the relationship with its customers, the EV drivers, by offering a mobile application or in-dash interface to enable EV drivers to find, use and pay for charging. Often, an e-Mobility Service Provider does not own or operate charging stations and so needs to partner with CPOs to provide its EV drivers with access to charging stations. ChargePoint’s eMSP Service enables e-Mobility Service Providers to build and deliver a full complement of charging features for EV drivers, including:
Station Discovery: Locate networked charging systems across ChargePoint’s network of active ports and the charging networks of its roaming partners;
Authentication and Payments: Secure, flexible payment options, including credit cards and digital wallets;
Driver Engagement: Loyalty programs, reservations, and waitlist features to enhance the charging experience; and
Home Charging Management: Tools for scheduling and rate optimization for home charging.
These are just a few of dozens of additional capabilities to customize the end-user experience and aid station and charging management. By leveraging the ChargePoint eMSP Service, e-Mobility Service Providers can deliver branded, seamless charging experiences to their EV driver customers.
EV Drivers
EV drivers are the core of the charging ecosystem, benefiting from ChargePoint’s extensive network of charging ports and user-friendly mobile applications. Key features include:
Seamless integration of the ChargePoint eMSP Service into OEM vehicle companion apps and in-dash charging systems;
Access to more than 1 million charging ports worldwide on ChargePoint’s publicly accessible active ports and through its roaming partnerships;
Charging station access across multiple networks with unified access; and
Real-time station availability, pricing transparency, and session notifications.
ChargePoint EV driver solutions enable CPOs and e-Mobility Service Providers to engage with and support personal EV owners and fleet drivers, accelerating EV adoption and fostering a sustainable future.
Portfolio
ChargePoint generates revenue through the sale of its diverse portfolio of hardware, software products, and services designed to support the implementation and management of EV charging solutions. ChargePoint primarily generates revenue from the sale of its networked charging systems, sales of a variety of software solutions that comprise the ChargePoint Platform and are offered as a subscription billed upfront regardless of term, sale of its Assure programs as a service subscription billed upfront regardless of term, and sales of its professional services. ChargePoint sells these offerings as software-only solutions or as integrated packages that combine networked charging systems, the ChargePoint Platform, and extended parts and labor warranties, providing flexibility to ChargePoint’s customers.
Networked Charging System Portfolio
ChargePoint offers a comprehensive range of networked charging systems, designed and developed in-house and manufactured in collaboration with its contract manufacturing partners. These solutions deliver high efficiency in power and high energy density, with a scalable architecture that ensures high availability, seamless modular expansion, and efficient serviceability. ChargePoint’s hardware portfolio includes Level 2 AC charging stations for commercial, fleet, and home applications, as well as Level 3 DC fast chargers for commercial and fleet use. ChargePoint’s portfolio of networked charging systems are available in various form factors and power levels and can accommodate nearly every charging scenario. ChargePoint’s networked charging systems support all electric vehicle types (including cars, commercial and delivery vehicles, buses, and heavy-duty vehicles) regardless of manufacturer or port connector type. Additionally, ChargePoint Omni Port integrates multiple charging standards into a single port, enabling almost any electric vehicle to charge at any Omni Port enabled station.
In addition, ChargePoint partners directly with other charging station hardware manufacturers to sell ‘ChargePoint Ready’ chargers with the ChargePoint CMS preinstalled. Further, customers can also choose from hundreds of ‘ChargePoint Compatible’ stations built by third-party hardware manufacturers and operate them by installing the ChargePoint CMS.
AC Solutions: ChargePoint’s AC networked charging systems are a key component of comprehensive charging solutions for commercial, fleet, multi-family, and residential applications. They are available in a range of form factors, including the CP6000, CT4000 series, and the ChargePoint Home Flex. ChargePoint’s AC networked charging systems comply with North American and European safety standards and regulations, and are designed to ensure safety, reliability, and energy efficiency. Designed for flexible applications, ChargePoint’s AC networked charging systems come in a wide variety of power configurations and can be pedestal or wall mounted, making them ideal for diverse customer needs, such as workplaces, commercial parking lots, residential homes, and multi-family dwellings, and a variety of fleet applications from smaller delivery vehicles to fleets with longer dwell times, such as school buses and public transit. ChargePoint’s AC networked charging systems provide a convenient way for EV drivers to add up to 40 miles of range per hour while charging at home, at work or around town.
DC Solutions: ChargePoint’s Express and Express Plus DC fast charging systems are designed to ensure safety, reliability, and energy efficiency as they deliver energy in a wide variety of flexible and scalable configurations for high-power charging applications. ChargePoint’s DC fast charging stations are capable of charging an electric vehicle up to 80% of battery capacity in as little as 20 minutes, making them ideal for a variety of fast charging locations, including interstate corridors, fueling stations, convenience stores, and fleet operations with larger vehicles or shorter dwell times.
Third-Party Hardware Solutions: ChargePoint also supports two classes of third-party charging stations hardware that can be operated on ChargePoint’s CMS which ChargePoint refers to as ChargePoint Ready and ChargePoint Compatible.
ChargePoint Ready stations are built by third-party manufacturers that meet ChargePoint’s product specifications and are offered as part of an integrated ChargePoint solution. These stations come pre-packaged with ChargePoint’s CMS and are produced by partners, such as Alpitronic S.r.l. and Vestel Ticaret A.S. ChargePoint sells these stations alongside its full suite of installation and activation services, CMS Service subscriptions, and Assure warranty offerings.
ChargePoint Compatible stations are third-party charging stations that ChargePoint has tested and integrated with the ChargePoint CMS. ChargePoint sells a ChargePoint CMS subscription along with a separate activation service in connection with supporting these charging stations.
Advanced ChargePoint Platform
The ChargePoint CMS Service and ChargePoint eMSP Service combine to form the ChargePoint Platform, a powerful, flexible, and scalable software solution that enables CPOs, fleet owners, auto OEMs and e-Mobility Service Providers to efficiently manage their charging infrastructure, while also enabling EV drivers to access charging when, where and how they want to charge. The ChargePoint CMS is a cloud-based SaaS platform that seamlessly manages the end-to-end lifecycle of ChargePoint’s networked charging systems, as well as third-party charging stations. ChargePoint’s CMS capabilities include network connectivity, proactive monitoring, station troubleshooting to ensure station up-time targets, managing driver access policies, optimizing energy usage, setting energy prices and processing EV driver payments. The ChargePoint eMSP Service is a suite of cloud-delivered software capabilities delivered through APIs and companion professional services for e-Mobility Service Providers, enabling them to build and publish mobile and in-dash applications for EV drivers to find, use and pay for charging. ChargePoint also offers its own mobile EV driver application that compliments its CMS Service and eMSP Service offerings, enriching charging experiences by connecting EV drivers with locations, pricing, and payment methods for ChargePoint and third-party roaming charging stations.
Commercial customers can adjust the rate at which EVs charge to match the natural parking duration at the site and to avoid peak or demand charges;
Charging infrastructure made available to the public during the day can be reserved for private fleets at night or made available to employees during the day and open to the public at night;
Telematics software integrations provide data and insights to reduce costs and improve fleet reliability. The ChargePoint Platform is specifically designed to integrate with fuel management systems and fleet operations software to enable seamless integration into fleet processes; and
ChargePoint Platform APIs integrate with in-vehicle infotainment systems, consumer mobile applications, payment systems, mapping tools, home automation assistants, fleet fuel cards, wearables and residential utility programs to enable ChargePoint’s customers to deliver expanded B2B and B2C services to their core constituents.
ChargePoint CMS Service
ChargePoint CMS Service enables customers to manage networked charging systems in their parking lots and depots. Retailers can optimize charging station locations and pricing to encourage foot traffic and customer loyalty. Employers and multi-family commercial real estate operators can make fueling a desirable benefit to attract talent or tenants. Parking operators can vary pricing to reflect market conditions, and fleet operators can manage use cases from having drivers take their own vehicles home every day to high-power, high-complexity centralized fleet depots. These use cases require best-in-class data security, dedicated cloud hosting for federal customers, and rigorous standards for authorization, access, and continuous monitoring. ChargePoint sells subscriptions to its CMS on a per charging port basis, typically in one-, three- or five-year terms, including ChargePoint Ready and ChargePoint Compatible charging stations. As ChargePoint’s base of installed and activated networked charging systems grows, and as customers choose to install ChargePoint’s CMS on third-party charging stations, ChargePoint expects its annual recurring revenue from CMS subscriptions to continue to grow.
ChargePoint CMS Service capabilities include the following functionalities:
Networked Charging System Management: End-to-end management of ChargePoint networked charging systems, as well as ChargePoint Ready or ChargePoint Compatible charging stations, including remote charger diagnostics, proactive fault monitoring, firmware updates, access controls and utilization analytics.
Energy Management: Smart energy optimization features, such as power sharing, dynamic load balancing and demand response integration to reduce charging station operating costs and improve grid stability. ChargePoint energy management further enables stations to share circuits and supports the creation of advanced groups and rules which enable energy use policies.
Fleet Operations: Smartly and securely uses a fleet vehicle’s route scheduling, unique charging requirements, electrical constraints and local utility rates to automatically shift peak charging, guaranteeing each vehicle is optimized for work. Fleet Operations leverage proactive alerts and integrations with fleet enterprise software systems, such as telematics, vehicle planning, or dispatching to reduce fleet operating expenses.
Driver Management: End-to-end driver management tools to manage driver access, authentication, and usage. Driver management also enables convenience features, including specific user access via the ChargePoint connections system, the creation of driver groups to support a site host policy and waitlist or reservation features for drivers to reserve a place in line, among other features.
Billing, Payments, and Invoicing: Automated and flexible billing solutions, supporting multiple pricing models and flexible payment methods, invoicing, and reimbursement methods for drivers.
Alerts & Monitoring: Customizable alerting engine for real-time system monitoring, fault detection, vandalism, and proactive alerts to ensure maximum up-time and quick issue resolution.
Roaming: Seamless bilateral interoperability with ChargePoint roaming partner networks, allowing EV drivers to charge across multiple networks with unified access and payment solutions.
Bus Telematics: Powers the collection, alerting, and reporting of critical vehicle performance data on bus fleets, whether electric powered, diesel, hydrogen, CNG, or hybrid to allow operators to monitor vehicle performance in real-time, optimize route planning, and receive timely alerts for performance or maintenance needs - all provided using detailed analytics through an integrated reporting suite or seamless data export to external analytics platforms.
ChargePoint eMSP Service
ChargePoint’s eMSP Service is a flexible customizable solution offered together with companion services that enable e-Mobility Service Providers to publish mobile and in-vehicle applications for EV drivers to find, use and pay for EV charging. ChargePoint’s eMSP Service offers access to over 85,000 public ports in North America and Europe as well as semi-public stations owned and operated by thousands of workplaces, retail outlets, and residential complexes which can be accessed with permissions granted by the charging station owners. The eMSP Service is built on open, extensible standards and published via APIs, which allows e-Mobility Service Providers to choose which services they want to enable on their own platforms to deliver a differentiated EV driver experience.
ChargePoint licenses its eMSP Service to e-Mobility Service Providers in a combination of per vehicle, per EV driver or per transaction fee models. Examples of ChargePoint’s eMSP Service integrations include mobile applications and in-vehicle or in-dash integrations with auto OEMs’ vehicle charging apps to enhance the overall EV ownership experience and enable their vehicle drivers to find, use and pay for charging sessions. ChargePoint charges a monthly per vehicle or per EV driver fee in connection with the licensing of its eMSP Service and believes that such licensing will increasingly contribute to its overall revenue as its eMSP Service is adopted more widely and as the overall share of EVs sold for private and fleet applications increases.
ChargePoint’s eMSP Service capabilities include the following functionalities:
Charging Station Location: Locates chargers from CPOs on the ChargePoint network and those of ChargePoint’s roaming partners;
Authenticate: Provides secure EV driver authentication methods beyond just RFID cards such as tap-to-charge with a phone or smart watch, custom application or in-dash based charging station authentication, or vehicle identification-based authentication;
Pay: Enables seamless and secure payment methods, including credit cards, digital wallets, fuel cards and other payment and reimbursement methods;
Connect: Enables connecting EV drivers with businesses and loyalty programs to allow EV drivers to access customizable charging benefits;
Join a Waitlist: Enables advanced queuing and reservation capabilities;
Track Charging Activities: Enables e-Mobility Service Providers, and their EV driver customers, to get notified about charging station availability, track changes in power availability or charging prices, session completion and more; and
Charge at Home: Allows e-Mobility Service Providers, and their EV driver customers, to set charging reminders, set a charging schedule and save on utility costs with demand response programs.
ChargePoint Mobile App
ChargePoint deploys its own eMSP Service directly to EV drivers via the ChargePoint mobile app. The ChargePoint mobile app is an essential companion for EV drivers wherever they charge. For ChargePoint’s residential customers, the ChargePoint mobile app allows EV drivers to manage their ChargePoint networked home charging station, optimize charging costs through scheduled charging, participate in utility programs, and utilize other smart-home integrations. In the public setting, the ChargePoint mobile app provides EV drivers with access to one of the world’s largest networks of public and semi-public EV charging stations. The ChargePoint mobile app can work in concert with the ChargePoint CMS to deliver uniquely enriched EV driver experiences, including the ability to use more convenient and secure charging authentication methods like tap-to-charge and Autocharge features which allow EV drivers seamless access to charging benefits from CPOs on the ChargePoint network. These same features can be enabled with ChargePoint’s e-Mobility Service Provider customers by means of the ChargePoint eMSP Service.
ChargePoint Services and Support Portfolio
ChargePoint provides a complete portfolio of services and support offerings designed to deliver critical networked charging system up-time and network charging availability to its customer base. The deployment of ChargePoint networked charging systems often starts with a planning phase. ChargePoint delivers service offerings that include on-site development and analysis, as well as activation and commission services to confirm all safety and regulatory installation processes are followed and support a safe and reliable charging environment for EV drivers. The various phases of the customer’s networked charging system deployment journey are delivered by a constellation of ChargePoint service partners, with ChargePoint often providing oversight, while ensuring its service partners are certified and trained on ChargePoint technology. ChargePoint also supports state, federal and utility rebate or grant application programs, ensuring customers maximize their rebate or grant application success and realize all available incentives.
Once installed and activated, ChargePoint directly supports the ongoing successful operations of its networked charging systems. ChargePoint offers a two-year, parts only warranty with the purchase of all networked charging systems and separately sells Assure, or its enhanced Assure Pro warranty services, each of which include proactive monitoring, fast response times, parts and labor warranty, expert advice and robust reporting. ChargePoint provides phone support in multiple languages to site hosts, CPOs and EV drivers. Delivery of Assure and or ChargePoint’s enhanced Assure Pro service level agreements are anchored on the following critical capabilities, that in combination, allow ChargePoint to deliver against its charging station up-time objectives:
24x7 Priority Technical Support: ChargePoint’s technical resources are available to support its customers 24 hours a day, 7 days a week, on all software and hardware questions and problem reports, in its customers’ local language. ChargePoint’s support teams have a direct line to its engineering organization to ensure critical issues that require engineering attention are resolved in an expeditious manner.
Proactive Monitoring by ChargePoint’s Network Operations Center: ChargePoint’s Network Operations Center features 24x7 proactive station monitoring and predictive analytics to find anomalies before the station owner or drivers notice them. ChargePoint’s Network Operations Center leverages multiple sources of driver feedback, including ChargePoint’s mobile app, calls to ChargePoint’s driver support line and social listening, to enhance the completeness of actionable insights, with the ultimate goal of driving networked charging system up-time. ChargePoint defines up-time as the percentage of ChargePoint charging ports which are capable of dispensing energy at any given moment.
Replacement Parts Inventory: ChargePoint operates numerous forward storage locations intended to ensure replacement parts are available close to its customers, facilitating expeditious repair of stations.
Robust Field Partner Network: ChargePoint has built a strong network of field operations and maintenance (O&M) partners, all certified and trained on ChargePoint technology, serving as feet on the street technicians that drive prompt repair of stations.
ChargePoint also provides a 24x7 EV driver support hotline for EV drivers who are charging at ChargePoint networked charging systems, aiding in various situations like setting up charging for the first time, billing questions or difficulty in starting a charging session.
Go to Market Strategy
ChargePoint has built a strong sales and marketing engine in North America and Europe, with an established direct sales channel and digital marketing capability. ChargePoint uses a two-tiered, indirect fulfillment model whereby ChargePoint sells its products and services to its distributors, which in turn sell to value added resellers, which then sell to end users. ChargePoint refers to these end users as its customers. ChargePoint also has nationwide and local partners who sell, install and maintain ChargePoint solutions.
ChargePoint is focused on three key verticals: commercial, fleet and residential.
Commercial: Commercial businesses and dedicated CPOs already own or lease parking and many wish to electrify. These include retail centers, offices, medical complexes, schools, airports, municipalities, convenience stores, recreation centers and fast fueling sites, among others. ChargePoint’s AC and DC charging station solutions and the ChargePoint Platform enable customers in the commercial and CPO vertical to optimize their total cost of ownership of their charging assets. ChargePoint accesses the commercial market via its direct sales force and channel partners.
Fleet: Fleet customers operate vehicle fleets in delivery and logistics, sales and service, motor pool shared transit, and ride-sharing services. The ChargePoint Platform can help them design and fuel operations, manage operating costs and achieve sustainability goals. ChargePoint provides a flexible bundle of networked charging systems, ChargePoint Platform subscriptions or licenses, professional services, support, telematics solutions, monitoring and parts and labor warranties needed to support all fleet implementation use cases, from single vehicle take-home fleets to full-scale electrified depots. Importantly, with ChargePoint’s Federal Risk and Authorization Management Program (FedRAMP) authorization, ChargePoint is well positioned to serve government-owned and privately-owned EV charging needs for federal fleets. ChargePoint accesses the fleet market via its direct sales force and channel partners.
Residential: ChargePoint offers residential EV charging solutions for drivers in single-family residences who want the convenience of fueling at home with the ability to optimize energy costs and full integration with the same mobile application they use for charging away from home. Residential charging solutions include the capability to manage grid load in conjunction with utility programs and EV fueling rate programs or driver reimbursement programs. ChargePoint accesses single-family residential opportunities through direct marketing to the consumer using proprietary and third-party e-commerce platforms, as well as through partnerships with utilities, auto OEMs, car dealerships, leasing companies, online marketplaces and insurance companies. For apartments and condominium settings, ChargePoint offers landlords and owner associations the ability to offer charging billed directly to the tenant. ChargePoint accesses this residential vertical via direct marketing and channel partners, including ChargePoint’s proprietary webstore and other e-commerce platforms across the United States and Canada.
Because ChargePoint rarely owns and operates charging infrastructure, it is able to allocate capital strategically towards ChargePoint’s initiatives in new product research and development, and public policy.
Research and Development: With a singular focus on EV charging, ChargePoint offers a complete set of networked charging solutions for most EV charging use cases in North America and Europe.
Public Policy: ChargePoint has also supported early and sustained investments in government and utility relationships. ChargePoint advocates for policies that advance electric mobility and ensure a healthy industry with a focus on competition, innovation and customer choice, including:
support for vehicle electrification policy and climate action, such as zero emission vehicle requirements, fossil fuel bans and transit electrification directives;
partnership with North America’s leading utilities to scale the new electric fueling network, including enabling the resale of electricity, securing fast charging-friendly tariffs, developing make-ready programs, creating customer incentive programs and informing utility commission decisions and legislation;
reduction in barriers to infrastructure deployment, including construction costs, permitting, building codes and right to charge policies for renters and tenants; and
serving on consortiums and industry trade groups, such as ChargeUp Europe, for the purpose of promoting the transition to, accessibility, and deployment of, electric vehicle infrastructure.
Competition
ChargePoint has competitors in different sectors of the electric infrastructure market, including: (i) manufacturers of hardware charging systems, such as ABB Ltd., Alfen N.V., Alpitronic S.r.l., Blink Charging Co., Kempower Oyj, Siemens AG, and Tesla, Inc.; and (ii) software providers that offer solutions to access and manage non-networked hardware charging systems, such as Ampeco Ltd., Driivz Ltd., EV Connect, Inc., and Monta ApS.
Growth Strategies
ChargePoint's strategies to continue to scale networked EV charging include increasing research and development into innovative EV charging offerings; investing in customer base expansion; and accelerating ChargePoint platform solutions.
Manufacturing, Logistics and Fulfillment
ChargePoint has historically designed its products in-house and outsourced production to contract manufacturers based in the United States, Mexico, Asia and Europe. The majority of its hardware products are manufactured in Asia and Mexico. Components are sourced from a number of global suppliers, with concentrations in the United States and Asia. ChargePoint deploys a global supply chain management team that works proactively with piece part and final assembly supply partners. That supply management team readies factories for new products, puts in place and monitors quality control points, plans ongoing production, issues purchase orders and coordinates deliveries to distribution hubs that ChargePoint manages in North America and Europe.
ChargePoint works with third-party fulfillment partners that deliver its networked charging systems from multiple locations, which allows it to reduce order fulfillment time and shipping costs.
Seasonality
Almost all of ChargePoint’s commercial and fleet networked charging systems are installed and utilized outdoors and ChargePoint operates and conducts its sales primarily in the Northern Hemisphere. In addition, many of ChargePoint’s customers complete their annual budget approval cycle in ChargePoint’s fourth quarter (year ended January 31, 2025). Therefore, the financial results for any quarter do not necessarily indicate the results expected for the fiscal year. Historically, the highest sales and earnings are in ChargePoint’s fourth quarter and the lowest are in its first quarter, commencing in February annually.
Government Regulation
ChargePoint is subject to the Occupational Safety and Health Act of 1970, as amended (OSHA).
ChargePoint products are subject to regulations and certification requirements governing accuracy and other characteristics of embedded metrology for dispensing of electricity through charging stations. ChargePoint has received certification for applicable products in the European Union under the Measurement Instrument Directive (MID), in Germany under the Measurement and Calibration Law (Eichrecht), in the United Kingdom under the Measurement Instrument Regulation (MIR), the United States under the National Type Evaluation Program (NTEP), and in California under the California Type Evaluation Program (CTEP) as regulated by the Department of Food and Agriculture Division of Measurement Standards.
ChargePoint is also subject to the e-Privacy Directive and the EU member states’ additions to and implementation of the e-Privacy Directive. The e-Privacy Directive’s provisions include requirements concerning the use of cookies and other tracking technologies and the use of personal information in marketing, including requirements to obtain consent from individuals to receive unsolicited electronic marketing communications and the requirement to provide those individuals with the ability to opt-out of future communications. Similarly, the CAN-SPAM Act in the United States governs email marketing. These and other cookie, email and marketing regulations increase ChargePoint’s regulatory compliance obligations and risks.
Additionally, ChargePoint is governed by a California state privacy law called the California Consumer Privacy Act of 2018, (CCPA), as amended by the California Privacy Rights Act in 2020 (CPRA), which contains requirements similar to the GDPR for the handling of personal information of California residents.
Similar laws exist in other jurisdictions where ChargePoint operates. Additionally, in the EU, ChargePoint is subject to the Waste Electrical and Electronic Equipment Directive (WEEE Directive). The WEEE Directive provides for the creation of a collection scheme where consumers return electrical and electronic equipment waste to merchants, such as ChargePoint.
Research and Development
ChargePoint’s research and development expenses were $141.3 million during the fiscal year ended January 31, 2025.
Intellectual Property
As of January 31, 2025, ChargePoint had 117 U.S. patents issued and 19 U.S. pending patent applications. Additionally, ChargePoint had 38 issued foreign patents and 12 foreign patent applications currently pending in various foreign jurisdictions. In addition, as of January 31, 2025, there were six pending Patent Cooperation Treaty applications. These patents relate to various EV charging station designs and/or EV charging functionality. Such issued patents and any patents derived from such applications or applications that claim priority from such applications, if granted, would be expected to expire between 2025 and 2047, excluding any additional term for patent term adjustments.
History
ChargePoint Holdings, Inc. was founded in 2007.
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