The two engineering teams have already started working together on ChargePoint’s new generation EV chargers, building on a previous manufacturing agreement. ChargePoint wants to capitalise on AcBel’s 40 years of R&D experience, bringing more efficient EV chargers to market, faster and at a lower cost.

The deal between the two companies is aimed at helping legacy fleet operators transition to electric by providing a comprehensive offering for fleet deployment and charging infrastructure. The data provided will offer operators information on the status of their vehicles, batteries and charging infrastructure, enabling them to optimise their fleets.

ChargePoint Holdings Inc has announced the closing of its previously announced USD300 million investment through the purchase of convertible senior notes by funds managed by Antara Capital LP. The gross proceeds from the sale of the notes were approximately USD300 million prior to deducting fees and estimated offering expenses.

ChargePoint Holdings Inc, based in Campbell, California, has expanded into the European fleet market through a partnership with Picnic, an online-only supermarket that serves around 200 cities across the Netherlands, Germany, and France with its fleet of over 2,300 electric vehicles.

The Dutch software company was acquired for EUR75m by ChargePoint, who will incorporate its fleet management software into its charging infrastructure business.