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Stock impact report

ChargePoint Gets $19M Funding to Install Fast Charging Ports [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
CHPT, an electric vehicle (EV) charging solution provider, has been awarded more than $19 million through its partners to install 248 DC fast charging ports at 45 locations along California highways. These awards were recently approved by the California Energy Commission and California Department of Transportation as part of the state's initial allocation of National Electric Vehicle Infrastructure (NEVI) program funds. The new ChargePoint stations will be placed along some of California's busiest highways, many of which face EV charger congestion. Expanding DC fast charging along key interstate highways, such as I-5, is critical to connecting California's largest cities and surrounding communities with reliable and accessible charging options. Per Rick Wilmer, president and CEO of ChargePoint, these latest awards from California will enable CHPT and its partners to continue opening NEVI-funded fast charging stations nationwide, making sure EV drivers can easily access charging wh Show less Read more
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