ChargePoint, operator of one of the world’s largest charging station networks for electric vehicles (EV), is targeting a near fifty-fold increase in its global network of loading spots by the middle of next decade, it said on Friday, Reuters reports.
The group, in which German companies BMW, Daimler and Siemens hold stakes, aims to operate 2.5 million charging points by 2025, up from a network of around 53,000 currently, it said in a statement.
The Silicon Valley-based group supplies charging hardware and software. It owns no re-charging stations of its own but works like an Airbnb or Uber [UBER.UL] to create a network of locations and schedule bookings at available charge points.
“Our commitment to deploy 2.5 million charging spots by 2025 comes as the company embarks on the most significant period of growth in our history and in the midst of a revolution in transportation,” ChargePoint chief executive Pasquale Romano said.
Romano told Reuters that the commitment was linked to the assumption that there will be about 20 million electric vehicles in the markets that the company caters to, which include the United States and Europe.