ChargePoint Accelerates Fleet Electrification with New Suite of Management Applications
26 October 2023 - 11:00PM
Business Wire
ChargePoint (NYSE: CHPT), a leading provider of networked
solutions for charging electric vehicles (EVs), today announced the
expansion of its fleet management product line. A new suite of
software solutions is available for both mixed fuel and
all-electric fleets to streamline their operations as well as lower
their total cost of ownership, easing the transition to electric
mobility.
The fleet application suite is designed to simplify the
management of both all-electric and mixed-fuel fleets. The platform
has three core software solutions: charging station management,
vehicle telematics, and mobility services such as over the road
session reimbursement and roaming. These deliver end-to-end
capabilities for fleet managers, help lower cost of ownership,
drive higher uptime and performance, and can be implemented as a
complete package or as individual solutions.
“We understand the concern fleet operators have over the
investment needed to transition fleets from liquid fuel to
electric, including the cost of the infrastructure needed to charge
EVs,” said Michael Hughes, Chief Revenue Officer at ChargePoint.
“By bringing a wide scope of fleet management applications under
one platform, we are helping fleet operators identify and realize
significant savings to their total cost of ownership. This software
gives them better control over and visibility into their fleet
operations, as well as the ability to decrease operating expenses
over the ownership cycle.”
ChargePoint’s fleet software platform is designed to work with a
broad array of charging station manufacturers and any electric
vehicle. The platform’s comprehensive suite of features enables
fleet managers to do the following:
- Automate schedules to ensure charging occurs at the lowest
electricity rates
- Optimize route readiness
- Gain insights by location
- Have site-level visibility which ensures operational
readiness
- Track metrics for ESG goals
- Gain real-time alerts to maximize charging station uptime
- Maximize EV fuel savings with advanced energy management
tools
With open API and developer partnerships, ChargePoint’s fleet
management suite can fully integrate with the tools fleet operators
already use to run their operations such as 3rd party telematics,
route planning, dispatch and maintenance systems.
The suite’s native telematics capabilities are purpose-built for
electric vehicles and their chargers. This enables fleet operators
to access deeper performance insights which optimize battery
health, vehicle state of charge, and the performance of their
electric fleet. With ChargePoint, fleet managers can benefit from
EV-specific features such as critical data captured by EV charging
stations and vehicles, real-time visibility into vehicle location,
and battery telematics that can proactively detect issues at an
early stage.
For fleet operators that have over the road charging needs, the
platform enables them to manage charging activities no matter where
their drivers need to go — at work, on-route or at home — with
seamless mobile integration. This integration can occur on the
ChargePoint mobile app, or another mobile application via
ChargePoint APIs. Drivers across North America and Europe have
on-the-go access to more than 750,000 charging ports on the
ChargePoint network and can even manage payment through
integrations with fuel card providers. For take-home fleets, the
platform enables reimbursement of electricity dispensed at
home.
For more information on ChargePoint’s fleet management software,
please visit: https://www.chargepoint.com/fleet/software.
About ChargePoint Holdings, Inc.
ChargePoint is creating a new fueling network to move people and
goods on electricity. Since 2007, ChargePoint has been committed to
making it easy for businesses and drivers to go electric with one
of the largest EV charging networks and a comprehensive portfolio
of charging solutions. The ChargePoint cloud subscription platform
and software-defined charging hardware are designed to include
options for every charging scenario from home and multifamily to
workplace, parking, hospitality, retail and transport fleets of all
types. Today, one ChargePoint account provides access to
hundreds-of-thousands of places to charge in North America and
Europe. For more information, visit the ChargePoint pressroom, the
ChargePoint Investor Relations site, or contact the ChargePoint
North American or European press offices or Investor Relations.
Forward Looking Statements
This release includes forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995
relating to, among other things, the expected benefits ChargePoint,
EV drivers, fleet operators or charging station owners may derive
from ChargePoint Cloud Platform - Fleet, including the achievement
of expected or anticipated benefits for fleet operators such as
streamlining operations and lowering total cost of ownership for EV
fleets. Forward-looking statements include statements regarding
ChargePoint’s expectations, beliefs, intentions or strategies
regarding the future, and can be identified by forward-looking
words such as “anticipate,” “believe,” “could,” “continue,”
“estimate,” “expect,” “intend,” “may,” “should,” “will” and “would”
or similar words. These forward-looking statements involve risks,
uncertainties, and assumptions, including risks and uncertainties
included in the “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” sections
in ChargePoint’s Form 10-Q filed with the SEC on September 11,
2023, which is available on ChargePoint’s website at
investors.chargepoint.com and on the SEC’s website at www.sec.gov.
Additional information will also be set forth in other filings that
ChargePoint makes with the SEC from time to time. Forward-looking
statements are not guarantees of future performance and actual
results could differ materially from those expressed or implied by
the statements made herein. All forward-looking statements in this
press release are based on information available as of the date
hereof and ChargePoint assumes no obligation to revise or update
any forward-looking statements for any reason, except as required
by law.
CHPT-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20231025784936/en/
ChargePoint John Paolo Canton Vice President,
Communications JP.Canton@chargepoint.com
AJ Gosselin Director, Corporate Communications
AJ.Gosselin@chargepoint.com media@chargepoint.com
Patrick Hamer Vice President, Capital Markets and Investor
Relations Patrick.Hamer@chargepoint.com
investors@chargepoint.com
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