Record SaaS Subscription Gross Margin
SaaS subscription gross margin climbed to a record 60%, highlighting the strength of ChargePoint's SaaS-focused business model.
Successful DC Fast Charging Program with GM
The DC fast charging program with General Motors is accelerating with over 500 additional ports signed for deployment, demonstrating strong growth momentum.
Strategic Partnership with Eaton
ChargePoint announced a new partnership with Eaton to provide integrated EV charging and power management solutions, expected to drive incremental revenue growth.
Positive EV Market Trends
EV sales increased by 16% in North America and 22% in Europe year over year for Q1, indicating strong market growth that supports ChargePoint's business.
New AC Hardware Architecture
ChargePoint unveiled a new AC hardware architecture that reduces costs and increases margins, with products set to enter the market soon.