Red Herring

THE BUSINESS OF TECHNOLOGY

  • Startups
  • Mobile
  • Enterprise
  • Consumer
  • Social
  • Events

ChargePoint Grabs $50m for Electric Vehicle Charging Network

May 4, 2016

ChargePoint, an electric vehicle (EV) charging network, has secured $50 million in a funding round led by Linse Capital, with participation from Braemar Energy Ventures and Constellation Energy. ChargePoint has now raised over $164 million in total. “You only have to look at the excitement around the recent EV announcements to realize EVs are the future of the auto industry. Since 2007 we’ve been building the charging infrastructure in North America by linking together the investments in EV charging equipment by individual companies into a single seamless network for drivers. We are well positioned to capitalize on the growth of electric vehicles as they transition to the mainstream,” said Pasquale Romano, CEO of ChargePoint. “This latest round of funding for ChargePoint underscores confidence in our business model, technology and the consumer confidence in the EV industry as a whole. It will allow us to scale to service the needs of future EV drivers and companies wishing to install EV charging in their parking lots.”

VTS, a commercial real estate asset management and leasing platform, has closed a $55 million funding round. The company has raised $84 million to date. Insight Venture Partners led the round, with participation from previous investors OpenView and Trinity Ventures. “VTS is changing the commercial real estate industry through the use of innovative technology and real-time analytics that empower industry leaders to make smart, data-driven decisions,” said Jeff Horing, Managing Director, Insight Venture Partners. “We are pleased to partner with the company and leadership team at VTS to further accelerate international growth and innovation.”

ROLI, a London-based music technology company, has raised $27 million. Foundry Group led the round, with participation from BGF Ventures, Founders Fund and all previous investors from the company’s $12.8 million Series A round. The company makes revolutionary music devices, such as the Seaboard RISE and Seaboard GRAND. “Music is a source of joy, and we want to make music creation more connected and accessible for everyone. The success of the Seaboard has shown that people want musical devices that are elegant, advanced and open to all — and as easy to use as a smartphone or tablet. We’re thrilled to be partnering with some of the world’s most experienced investors as we revolutionize how people express themselves through music. And as we continue this journey, we are looking for everyone — from coders and makers to composers and musicians — to join the ROLI team as we change the shape of music,” Roland Lamb, Founder and CEO of ROLI, said.

  • 
  • 
  • 
  • 

Filed Under: Finance, Investment Round Up, Startups

Related Articles

  • Jack Ma to Cede Control of Ant Group 
  • Microsoft and Alphabet Report Disappointing Q3 Earnings
  • Hiring Freezes and Workforce Cuts Hit Tech Companies Hard 

Widget Spacer

Top 100

The Red Herring Top 100 awards highlights the most exciting startups from Asia, Europe and the Americas.

Learn More

Upcoming Events

  • Top 100 Asia

  • Top 100 North America

  • Top 100 Europe

Widget Spacer

Guest Column

What is a Learning Management System?

Rouben David, of CourseForMe.com, outlines the features and benefits of

Widget Spacer

Subscribe

Subscribe now to get event news and updates delivered right to your inbox:

Widget Spacer

#DigitalHerring Tweet

My Tweets
  • About
  • Press & Media
  • Contact Us
Red Herring LinkedInRed Herring Facebook

Copyright © · Red Herring, Inc.

Copyright © 2025 · Red Herring Theme on Genesis Framework · WordPress · Log in