ChargePoint Raises New Round as Investors Rush to Electric Cars

By David Welch - Detroit Bureau Chief

ChargePoint Inc., builder of the world’s largest electric-vehicle charging network, raised $127 million in its latest round of funding as the company adds more locations in the U.S. and Europe.

The company has raised $667 million to date and plans to use the funds to expand its network, which has more than 115,000 charging spots worldwide. ChargePoint expects electric-vehicle sales to continue rising and has a goal of expanding its network to 2.5 million spots by 2025.

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