A Daimler employee holds a charging plug at an EV station for electric Mercedes-Benz eActros trucks. The equity financing is an “incremental” addition to its Series H round and boosts total funding to $667 million, the Campbell, California-based company said. “The additional $127 million in funding provides capital to expand investment on pace with the market.”A Chargepoint EV charger at Google's campus in Mountain View, California. Getty ImagesDespite a weakening of federal emissions and fuel-economy rules by the Trump Administration, the global auto industry is moving to boost the range of electric vehicles for consumers and businesses to help mitigate carbon emissions and improve air quality. To ensure that companies and people actually buy those vehicles, however, there’s a continuing need for more charging stations to be more ubiquitous.
Source: Forbes August 05, 2020 10:52 UTC