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USA: Campbell-based Coulomb Technologies, a maker of electric vehicle charging stations, raises $47.5 million in a fourth round of funding

Campbell-based Coulomb Technologies, a leading player in the race to install charging stations for electric vehicles, announced Monday that it has secured $47.5 million in a fourth round of funding.
Venture capital firms Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing, joined by Toyota Tsusho Corp. and existing investor Rho Ventures.
Drivers of electric cars need a place besides their home garage to recharge their batteries, and publicly available charging stations — at workplaces, grocery stores and shopping malls — are widely seen as part of the solution. Coulomb Technologies is a fast-growing
Silicon Valley startup, and the company has more than 6,000 charging spots up and running in 14 countries.
The company’s “ChargePoint Network” is open to all electric vehicle drivers, and half of the electric vehicle drivers in the United States now have a ChargePoint card. The financing will help Coulomb expand operations and focus on international markets in Europe and Asia.
Last fall, Nissan selected Coulomb’s ChargePoint Network to provide comprehensive electric vehicle public charging infrastructure locations for Nissan Leaf drivers. Consumers can log on to the Nissan Leaf website, enter your ZIP code and receive up-to-date information on the charging infrastructure in your area.
Scott DePasquale


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