ViriCiti

History

2021: ChargePoint bought ViriCiti for $88 million

In early August 2021, the world's largest charging network operator electric vehicles ChargePoint bought the European a fleet management company ViriCiti for $88 million in cash. This news came just a few weeks after ChargePoint announced the acquisition of a European development company ON for has charging electric vehicles · to· be for $295 million.

The new deal will expand the portfolio of equipment software and ChargePoint for managing electric vehicles, as well as add another 2,500 network ports and 3,500 connected vehicles to the company's growing fleet. Clients of the ViriCiti include the Transit Authority, the City Chicago Authority, the transport San Francisco British public transport company Arriva and the main transport company - Berlina Berliner Verkehrsbetriebe.

ChargePoint acquired ViriCiti for $88 million

In addition to the customer base, the acquisition of ViriCiti will provide the company with access to a wide range of software functions that go beyond the main ChargePoint offers for charger management and electric vehicle charging planning, such as battery status monitoring, vehicle performance data and other car telematics capabilities. Some of the ViriCiti services may be useful to private customers or fleet owners who allow employees to use the company car on an ongoing basis.

It is important to note that as a result of the transaction, ChargePoint will also include more than 50 employees of ViriCiti, that is, the entire team of the company, consisting mainly of software engineers.

The task of simplifying the electrification of fleets is extremely important for us, and this [acquisition] will help us to provide the most interesting offer, "said Pasquale Romano, CEO of ChargePoint[1]

Notes