Chargepoint going public through SPAC

[Cosmacelf]

Overview info: EV Charging Stalwart ChargePoint Seeks $2.4B Valuation in Reverse Merger

Company Announcement: ChargePoint, Inc. to Become Public Company, Advancing EV Charging Network’s Reach Across North America and Europe | ChargePoint

Chargepoint makes, installs and operates a public charging network. Unlike others, they don't make money selling electricity, but let others take on that role/risk and Chargepoint just takes a cut as the operator of the charging network.

 

[abasile]

ChargePoint does a solid job of installing and maintaining EV charging infrastructure, but to the best of my knowledge, their services and hardware are expensive! They've had a history of serving businesses/organizations that need to install charging stations for compliance reasons (i.e., LEED certification or local requirements). ChargePoint has a good reputation and, as far as I'm aware, manages projects from end to end and produces turnkey results. However, what they do is far from unique, and it seems to me that competition is only growing.

 

[Cosmacelf]

ChargePoint does a solid job of installing and maintaining EV charging infrastructure, but to the best of my knowledge, their services and hardware are expensive! They've had a history of serving businesses/organizations that need to install charging stations for compliance reasons (i.e., LEED certification or local requirements). ChargePoint has a good reputation and, as far as I'm aware, manages projects from end to end and produces turnkey results. However, what they do is far from unique, and it seems to me that competition is only growing.

I agree. Being the high cost option in an industry that is looking to commoditize isn't great.