ChargePoint Builds On European Expansion
By Kyle Lindsay
Tuesday, May 9, 2017 - 14:20
ChargePoint, the world’s largest electric vehicle (EV) charging network, today announced its next significant milestone as it expands into the European market by partnering with a major customer. InstaVolt, a brand committed to deploying the latest DC rapid charge technology and building a premium EV network across the UK, has signed a contract to purchase more than 200 ChargePoint rapid charge systems, making long distance EV travel easier for UK drivers.
The deal follows ChargePoint’s announcement in March to expand into Europe with a commitment to help accelerate the transition to e-mobility across Europe.
The UK market itself is at an inflection point. There are more than 90,000 EVs on the road today but this could reach 1.2 million by 2020 according to the Department for Transport. However, one of the major driver concerns currently is the frequency of charging points and the ability to charge vehicles on long journeys. In response to this, ChargePoint’s Express Plus solutions will be installed by InstaVolt close to popular routes across the UK, enabling drivers to easily charge their vehicles during long journeys.
“InstaVolt has raised millions to install a DC rapid charge network country-wide across the U.K.,” said Simon Lonsdale, Vice President, Business Development, ChargePoint, Inc. “We are two companies that are committed to e-mobility in Europe, accelerating the driving revolution by making e-mobility a part of everyday life. InstaVolt is well positioned to help expand EV charging in the UK and are a great partner in this effort.”
ChargePoint Express Plus is a modular charging platform designed to scale as demand grows, which will allow InstaVolt to expand these initial sites to serve more drivers without stranded investment. Able to add hundreds of miles of range in as quick as 15 minutes, Express Plus Stations can charge current EVs at their maximum rate while being future proof for the next-generation of electric vehicles.
Tim Payne, CEO at InstaVolt, said: “We are delighted to partner with ChargePoint to deliver a best in class EV charging infrastructure. We own, install and maintain rapid electric vehicle charging units all over the country, giving landowners the opportunity to earn a rental income by housing them, and giving EV drivers access to the fastest charging available.
“ChargePoint will fulfill two important criteria for us: the charging units are future-proofed so the units can be configured to meet the precise requirements of any site and can be scaled incrementally as demand for higher rate charging increases. This is particularly important as EV manufacturers begin to bring out new models with increased battery capacity. We are also committed to making sure the units are working 24/7 and so the reliability of the ChargePoint solution is one of the cornerstones of our offer.”
The ChargePoint network enables real-time remote monitoring of stations and delivers station analytics and reports on information such as station use and greenhouse gas emissions avoided.
ChargePoint is the only company in the category that offers charging solutions in every place EV drivers charge, at home, work, around town, and on a trip. With a network of more than 34,000 charging public ports throughout North America, ChargePoint has partnered with more than 7,000 companies to provide charging solutions as an employee benefit, as a feature for customers, to power fleets, or as a charging solution for tenants. To date, thousands of drivers have selected ChargePoint to meet their EV charging needs.
Last month, ChargePoint secured $82 million in funding, as part of a more than $100 million-dollar Series G round, led by Daimler. The investment was secured to support the expansion of ChargePoint’s charging network into Europe, enabling the region to complete the shift to e-mobility. By collaborating with innovative companies like InstaVolt, ChargePoint is laying the groundwork for Europe’s most comprehensive and intelligent charging network.