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BMW invests in EV charging station maker

(Reuters) – German automaker BMW is investing in Coulomb Technologies, a California-based provider of electric-vehicle charging stations and software.

BMW declined to disclose the amount of the investment in Coulomb, which has EV development agreements with General Motors Co, Ford Motor Co, Nissan Motor Co and luxury hybrid vehicle manufacturer Fisker Automotive.

Coulomb’s ChargePoint operates a global network of EV charging stations in more than 14 countries, including the United States.

ChargePoint also provides EV customers, dealers and manufacturers with a variety of cloud-based services, including the ability to locate charging stations, process payments and monitor energy use and costs.
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