BMW i Ventures announces investment in Coulomb Technologies

The company’s venture capital arm, BMW i Ventures, announced that it is making a strategic investment in the operators of the ChargePoint charging network.

 

BMW seems to be moving slowly and methodically toward electrification – so far, its ActiveE EV is available in the US only for lease, as part of what the company calls a two-year test program. But it is definitely moving. This week, in a decision that shows the importance they place on the development of charging infrastructure, the company’s venture capital arm, BMW i Ventures, announced that it is making a strategic investment in Coulomb Technologies, operators of the ChargePoint charging network.

“We are delighted to have one of the world’s premier automakers join our investor team,” said Pat Romano, President and CEO of Coulomb Technologies. “We look forward to working with BMW to expand our global footprint and help support the adoption of electric vehicles worldwide.”

“BMW i Ventures recognizes the importance of a global charging network for electric vehicle drivers,” said Dr. Ulrich Quay, Managing Director of BMW i Ventures. “BMW is focused on providing comprehensive services that make the charging of BMW electric vehicles a premium experience. ChargePoint is the largest, longest established network with a significantly advanced and mature feature set. This investment will forge a close and strategic relationship as we further our electric mobility offer.”

 

Source: BMW
Image: BMW