U.S. markets open in 1 hour 15 minutes
  • S&P Futures

    4,378.50
    -33.25 (-0.75%)
     
  • Dow Futures

    34,836.00
    -138.00 (-0.39%)
     
  • Nasdaq Futures

    14,860.50
    -177.25 (-1.18%)
     
  • Russell 2000 Futures

    2,220.90
    -16.60 (-0.74%)
     
  • Crude Oil

    73.43
    -0.19 (-0.26%)
     
  • Gold

    1,831.60
    -4.20 (-0.23%)
     
  • Silver

    25.56
    -0.22 (-0.86%)
     
  • EUR/USD

    1.1895
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    1.2690
    0.0000 (0.00%)
     
  • Vix

    19.18
    +0.87 (+4.75%)
     
  • GBP/USD

    1.3966
    +0.0008 (+0.06%)
     
  • USD/JPY

    109.6600
    +0.1990 (+0.18%)
     
  • BTC-USD

    38,856.48
    -810.41 (-2.04%)
     
  • CMC Crypto 200

    923.40
    -6.96 (-0.75%)
     
  • FTSE 100

    7,019.16
    -59.26 (-0.84%)
     
  • Nikkei 225

    27,283.59
    -498.83 (-1.80%)
     

EV charging network ChargePoint launches fleet management solutions

·1 min read
FILE PHOTO: A ChargePoint station on display at the Frankfurt Motor Show (IAA) in Frankfurt

(Reuters) -ChargePoint Holdings Inc, one of the world's oldest and largest electric vehicle charging networks, on Wednesday unveiled solutions to help fleet operators manage their vehicles as they increasingly switch from fossil fuels to electric batteries.

When making that transition, commercial fleet operators are faced with the question of whether they should charge their vehicles in large numbers at depots or separately at drivers' homes.

ChargePoint said its platform will combine software with its charging solutions to help recharge light to heavy-duty vehicles efficiently across depots, on route and at home.

It will be available for early access fleet customers in summer and can be easily configured to meet depot requirements and scale as fleets grow and demand increases, the company said.

ChargePoint operates more than 115,000 charging ports globally, mostly in North America, and has previously said it is aiming to increase that to 2.5 million by 2025.

The company went public earlier this year by merging with a blank-check firm, Switchback Energy Acquisition Corp, in a deal that valued ChargePoint at $2.4 billion.

Shares in ChargePoint were down nearly 2% in premarket trading.

(Reporting by Shreyasee Raj in Bengaluru; Editing by Ramakrishnan M.)