ChargePoint’s New Essential Cloud Plan Makes EV Charging Accessible to Small Businesses and Multifamily Housing
ChargePoint (NYSE: CHPT) has launched the Essential cloud plan, a new offering that makes EV charging more accessible to small businesses and multifamily housing. The plan covers software fees through driver payments, with surplus revenue returned to station owners monthly. Compatible with the $699 CPF50 charger, it eliminates the need for traditional subscriptions while providing enterprise-level service. The solution is ideal for restricted public charging scenarios like condominiums, hotels, and workplaces, featuring power sharing capabilities to prevent electrical overload and allowing multiple users to share a single charger while paying individually.
ChargePoint (NYSE: CHPT) ha lanciato il piano cloud Essenziale, una nuova offerta che rende la ricarica dei veicoli elettrici più accessibile per le piccole imprese e le abitazioni multifamiliari. Il piano copre le spese software attraverso i pagamenti degli utenti, con i ricavi in eccesso restituiti mensilmente ai proprietari delle stazioni. Compatibile con il caricatore CPF50 da $699, elimina la necessità di abbonamenti tradizionali pur offrendo un servizio a livello aziendale. La soluzione è ideale per scenari di ricarica pubblica limitata come condomini, hotel e luoghi di lavoro, con funzionalità di condivisione dell'energia per prevenire sovraccarichi elettrici e consentire a più utenti di condividere un singolo caricatore mentre pagano individualmente.
ChargePoint (NYSE: CHPT) ha lanzado el plan de nube Esencial, una nueva oferta que hace que la carga de vehículos eléctricos sea más accesible para pequeñas empresas y viviendas multifamiliares. El plan cubre los costos de software a través de los pagos de los conductores, con los ingresos excedentes devueltos mensualmente a los propietarios de las estaciones. Compatible con el cargador CPF50 de $699, elimina la necesidad de suscripciones tradicionales mientras proporciona un servicio a nivel empresarial. La solución es ideal para escenarios de carga pública restringida como condominios, hoteles y lugares de trabajo, con capacidades de compartición de energía para evitar sobrecargas eléctricas y permitir que múltiples usuarios compartan un solo cargador mientras pagan individualmente.
ChargePoint (NYSE: CHPT)는 작은 기업과 다가구 주택에서 전기차 충전을 보다 접근 가능하게 만드는 Essential 클라우드 플랜을 출시했습니다. 이 플랜은 운전자의 결제를 통해 소프트웨어 요금을 커버하며, 잉여 수익은 매월 충전소 소유자에게 반환됩니다. $699 CPF50 충전기와 호환되며, 전통적인 구독의 필요성을 없애고 기업 수준의 서비스를 제공합니다. 이 솔루션은 아파트, 호텔 및 직장과 같은 제한된 공공 충전 시나리오에 이상적이며, 전기 과부하를 예방하기 위한 전력 공유 기능과 여러 사용자가 개별적으로 비용을 지불하며 단일 충전기를 공유할 수 있도록 합니다.
ChargePoint (NYSE: CHPT) a lancé le plan cloud Essential, une nouvelle offre qui rend la recharge des véhicules électriques plus accessible aux petites entreprises et aux logements multifamiliaux. Ce plan couvre les frais logiciels par le biais des paiements des conducteurs, avec des revenus excédentaires restitués mensuellement aux propriétaires des stations. Compatible avec le chargeur CPF50 à 699 $, il élimine la nécessité d'abonnements traditionnels tout en offrant un service de niveau entreprise. La solution est idéale pour des scénarios de recharge publique restreints tels que des copropriétés, des hôtels et des lieux de travail, avec des capacités de partage d'énergie pour prévenir les surcharges électriques et permettre à plusieurs utilisateurs de partager un unique chargeur tout en payant individuellement.
ChargePoint (NYSE: CHPT) hat den Essential Cloud-Plan eingeführt, ein neues Angebot, das das Laden von Elektrofahrzeugen für kleine Unternehmen und Mehrfamilienhäuser zugänglicher macht. Der Plan deckt die Softwaregebühren durch Zahlungen der Fahrer ab, wobei Überschüsse monatlich an die Stationseigentümer zurückgegeben werden. Er ist mit dem $699 CPF50-Ladegerät kompatibel, beseitigt die Notwendigkeit traditioneller Abonnements und bietet gleichzeitig einen Unternehmensservice. Die Lösung ist ideal für öffentliche Ladeszenarien mit Einschränkungen wie Eigentumswohnungen, Hotels und Arbeitsplätzen und bietet Funktionen zum Teilen von Energie, um elektrische Überlastungen zu vermeiden, sodass mehrere Nutzer ein einzelnes Ladegerät gemeinsam nutzen und individuell bezahlen können.
- New revenue-sharing model eliminates upfront software subscription costs
- Low entry barrier with $699 CPF50 charger offering
- Power sharing capability reduces installation costs
- Automated billing system streamlines payment collection
- compatibility only with CPF50 charger model
- Revenue dependent on actual charging usage
Insights
ChargePoint's new Essential cloud plan represents a strategic pivot to capture the underserved small business and multifamily housing markets. The
- Elimination of upfront subscription costs through a pay-as-you-go model
- Power sharing capabilities that reduce installation costs
- Flexible billing options for multi-user environments
While this could drive unit sales and expand ChargePoint's network, the revenue-sharing model may impact profit margins compared to traditional subscription plans. The strategy aims to accelerate adoption in price-sensitive segments, but success depends on sufficient charging volume to generate meaningful revenue for both ChargePoint and site owners.
This product launch targets a critical gap in the EV charging market. Multifamily properties represent a significant untapped opportunity, with 47% of U.S. rental households lacking access to EV charging. The flexible payment structure and lower entry costs could accelerate adoption in this segment. However, competition from other providers offering similar solutions is intensifying. The success of this initiative will largely depend on:
- Actual utilization rates at deployment sites
- Site owner satisfaction with revenue sharing terms
- Market response to the
$699 price point relative to competitors
ChargePoint Essential Cloud Plan Enables Small Businesses to Offer Enterprise Levels of Service
The ChargePoint Essential cloud plan is the perfect solution for condominiums, apartment buildings, and similar multifamily housing complexes which have historically struggled to offer charging for residents. (Photo: Business Wire)
With the ChargePoint Essential cloud plan, currently available with the company’s lowest-cost level 2 charging solution, the CPF50, customers may reap the benefits of ChargePoint's leading software platform while eliminating the need for software subscriptions or renewals. Ideal applications for the ChargePoint Essential cloud plan are scenarios where the chargers are available to the public, but on a restricted basis. These can include multifamily housing, hotels, the hospitality industry, and workplaces. The ChargePoint Essential cloud can eliminate ongoing subscription fees by using charging revenue to cover the cost of the cloud plan. This effectively provides a financing mechanism for those who wish to offer charging, with any surplus revenue paid out to the station owner after covering monthly costs.
“ChargePoint wants small businesses to offer EV charging as seamlessly and easily as possible,” said Rick Wilmer, CEO of ChargePoint. “Innovative new offerings like ChargePoint’s Essential cloud plan lower the barrier to entry by shouldering ongoing costs and deploying the
The ChargePoint Essential cloud plan is the perfect solution for condominiums, apartment buildings, and similar multifamily housing complexes which have historically struggled to offer charging for residents. The ChargePoint Essential cloud plan enables access for residents or guests, direct payment for the energy and associated costs, and consolidated billing so management is not burdened. Multiple residents can share a single charger while still paying individually, and ongoing costs are covered by the session fees at a rate set by management. The CPF50 offers site hosts a flexible charging solution available in single or dual-port configurations. Additionally, with the ChargePoint Essential cloud plan’s power sharing capabilities, site hosts can add incremental stations without overloading the location’s electrical service. This keeps installation costs affordable and minimizes the need for initial investment.
To learn more about the ChargePoint Essential cloud plan, please visit https://www.chargepoint.com/businesses/software. To learn more about the ChargePoint CPF50, please visit https://www.chargepoint.com/businesses/stations/cpf50. To get started with the ChargePoint Essential cloud plan and CPF50, please visit https://www.chargepoint.com/why-chargepoint.
ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in
About ChargePoint Holdings, Inc.
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in
CHPT-IR
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029763292/en/
ChargePoint
John Paolo Canton
Vice President, Communications
JP.Canton@chargepoint.com
AJ Gosselin
Director, Corporate Communications
AJ.Gosselin@chargepoint.com
media@chargepoint.com
Source: ChargePoint Holdings, Inc.
FAQ
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