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ChargePoint Simplifies EV Charging for AAA Clubs and Service Providers

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ChargePoint (NYSE: CHPT) has announced a strategic agreement with AAA to become their preferred supplier of EV charging solutions. The partnership will provide preferred pricing on ChargePoint chargers and services to more than 12,000 service providers representing 27 AAA clubs across the US and CAA clubs in Canada.

The agreement targets towing service providers, automotive repair companies, and similar small businesses requiring EV charging capabilities. The offering includes support packages for existing ChargePoint charging stations owned by clubs and service providers, aiming to expand reliable and affordable EV charging infrastructure.

ChargePoint (NYSE: CHPT) ha annunciato un accordo strategico con AAA per diventare il loro fornitore preferito di soluzioni di ricarica per veicoli elettrici. La partnership offrirà prezzi preferenziali sui caricabatterie ChargePoint e sui servizi a oltre 12.000 fornitori di servizi che rappresentano 27 club AAA negli Stati Uniti e club CAA in Canada.

L'accordo si rivolge ai fornitori di servizi di rimorchio, alle aziende di riparazione auto e a piccole imprese simili che necessitano di capacità di ricarica per veicoli elettrici. L'offerta include pacchetti di supporto per le stazioni di ricarica ChargePoint esistenti di proprietà dei club e dei fornitori di servizi, con l'obiettivo di espandere un'infrastruttura di ricarica per veicoli elettrici affidabile e conveniente.

ChargePoint (NYSE: CHPT) ha anunciado un acuerdo estratégico con AAA para convertirse en su proveedor preferido de soluciones de carga para vehículos eléctricos. La asociación ofrecerá precios preferenciales en cargadores y servicios de ChargePoint a más de 12,000 proveedores de servicios que representan 27 clubes de AAA en los EE. UU. y clubes de CAA en Canadá.

El acuerdo está dirigido a proveedores de servicios de remolque, empresas de reparación de automóviles y pequeñas empresas similares que requieren capacidades de carga para vehículos eléctricos. La oferta incluye paquetes de soporte para las estaciones de carga ChargePoint existentes propiedad de los clubes y proveedores de servicios, con el objetivo de expandir una infraestructura de carga para vehículos eléctricos confiable y asequible.

ChargePoint (NYSE: CHPT)AAA와의 전략적 협약을 통해 전기차 충전 솔루션의 선호 공급자가 되었다고 발표했습니다. 이 파트너십은 미국의 27개 AAA 클럽과 캐나다의 CAA 클럽을 대표하는 12,000명 이상의 서비스 제공자에게 ChargePoint 충전기 및 서비스에 대한 우선 가격을 제공합니다.

이 협약은 견인 서비스 제공자, 자동차 정비 회사 및 전기차 충전 능력을 필요로 하는 유사한 소규모 기업을 대상으로 합니다. 이 제공 내용에는 클럽 및 서비스 제공자가 소유한 기존 ChargePoint 충전소에 대한 지원 패키지가 포함되어 있으며, 신뢰할 수 있고 저렴한 전기차 충전 인프라를 확장하는 것을 목표로 하고 있습니다.

ChargePoint (NYSE: CHPT) a annoncé un accord stratégique avec AAA pour devenir leur fournisseur privilégié de solutions de recharge pour véhicules électriques. Ce partenariat offrira des tarifs préférentiels sur les chargeurs ChargePoint et les services à plus de 12 000 fournisseurs de services représentant 27 clubs AAA aux États-Unis et des clubs CAA au Canada.

L'accord vise les fournisseurs de services de remorquage, les entreprises de réparation automobile et d'autres petites entreprises similaires ayant besoin de capacités de recharge pour véhicules électriques. L'offre comprend des forfaits de soutien pour les stations de recharge ChargePoint existantes appartenant aux clubs et aux fournisseurs de services, visant à élargir une infrastructure de recharge fiable et abordable pour véhicules électriques.

ChargePoint (NYSE: CHPT) hat eine strategische Vereinbarung mit AAA angekündigt, um deren bevorzugter Lieferant für Lösungen zum Laden von Elektrofahrzeugen zu werden. Die Partnerschaft bietet über 12.000 Dienstleister aus 27 AAA-Clubs in den USA und CAA-Clubs in Kanada bevorzugte Preise für ChargePoint-Ladegeräte und Dienstleistungen.

Die Vereinbarung richtet sich an Abschleppdienste, Autoreparaturunternehmen und ähnliche kleine Unternehmen, die Lademöglichkeiten für Elektrofahrzeuge benötigen. Das Angebot umfasst Unterstützungspakete für bestehende ChargePoint-Ladestationen, die im Besitz von Clubs und Dienstleistern sind, mit dem Ziel, eine zuverlässige und erschwingliche Ladeinfrastruktur für Elektrofahrzeuge auszubauen.

Positive
  • Strategic partnership with AAA expands market reach to 12,000+ service providers
  • Preferred supplier status potentially increases revenue through AAA network
  • Agreement covers both US and Canadian markets through AAA and CAA clubs
Negative
  • Preferred pricing arrangement may impact profit margins

Insights

The strategic partnership between ChargePoint and AAA represents a calculated move to capture a significant B2B market segment during a critical phase of EV adoption. By becoming a preferred supplier to AAA's extensive network of 12,000+ service providers across North America, ChargePoint gains several strategic advantages:

1. Market Penetration: The agreement provides privileged access to AAA's established network of automotive service providers, effectively creating a ready-made distribution channel for ChargePoint's charging solutions. This could accelerate infrastructure deployment without the typical high customer acquisition costs.

2. Revenue Diversification: The partnership extends beyond hardware sales to include support packages for existing stations, creating potential recurring revenue streams. This aligns with ChargePoint's subscription-based business model and could enhance predictable revenue generation.

3. Competitive Positioning: By securing preferred supplier status with North America's largest motorist organization, ChargePoint creates a significant barrier to entry for competitors. The deal effectively positions ChargePoint as the default choice for AAA's extensive service network.

4. Strategic Timing: As automotive service providers increasingly need to adapt to servicing EVs, this partnership provides ChargePoint with first-mover advantage in a rapidly evolving market segment. The preferred pricing model could accelerate adoption among price-sensitive small businesses that might otherwise delay EV infrastructure investments.

However, the agreement's impact on ChargePoint's immediate financial performance may be gradual, as revenue generation will depend on the adoption rate among AAA's service providers and the actual conversion of preferred pricing offers into sales. The success of this partnership will largely hinge on ChargePoint's ability to demonstrate clear value proposition to AAA's network while maintaining profitable margins under the preferred pricing structure.

CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced an agreement with AAA to become a preferred supplier, making ChargePoint chargers and services available to AAA clubs and their service providers at preferred pricing. Together, the companies aim to affordably expand the reach of EV charging infrastructure.

ChargePoint announced an agreement with AAA to become a preferred supplier, and together, the companies aim to affordably expand the reach of EV charging infrastructure. (Photo: Business Wire)

ChargePoint announced an agreement with AAA to become a preferred supplier, and together, the companies aim to affordably expand the reach of EV charging infrastructure. (Photo: Business Wire)

“ChargePoint is committed to supporting AAA members who are in need of EV charging for their business,” said David Vice, Chief Revenue Officer at ChargePoint. “To support them, we now offer solutions AAA members can depend on for reliable EV charging at preferred pricing.”

The offers will be available to more than 12,000 service providers representing 27 AAA clubs across the US, and CAA clubs in Canada. These entities include towing service providers, automotive repair companies and similar small businesses with a need for EV charging. Offerings extend to support packages for existing ChargePoint charging stations owned by clubs and service providers. This arrangement will enable the continued growth of reliable, efficient, and affordable EV charging for AAA clubs and their affiliates.

“AAA’s first priority is serving our members,” said Bob Huffman, Director of Roadside Programs & Benefits for AAA. “By working with ChargePoint, we are able to provide resources and services to our clubs and service providers, so they are able to best assist our members when they need us most.”

AAA and CAA members in need of charging infrastructure can find more information at: https://networkofsavings.aaa.biz/chargepoint.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

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 North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.

About AAA

Started in 1902 by automotive enthusiasts who wanted to chart a path for better roads in America and advocate for safe mobility, AAA has transformed into one of North America’s largest membership organizations. Today, AAA delivers exceptional roadside assistance, helps travelers plan their dream vacations and adventures, offers exclusive member discounts and benefits, and provides trusted financial and insurance services – all to enhance the life journey of our 65+ million members across North America, including nearly 58 million in the United States. To learn more about all AAA offers or become a member, visit AAA.com.

CHPT-IR

ChargePoint

John Paolo Canton

Vice President, Communications

JP.Canton@chargepoint.com

AJ Gosselin

Director, Corporate Communications

AJ.Gosselin@chargepoint.com

media@chargepoint.com

AAA

Ellen Edmonds

Director, External Communications

eedmonds@national.aaa.com

Source: ChargePoint Holdings, Inc.

FAQ

What does the ChargePoint (CHPT) and AAA partnership include?

The partnership makes ChargePoint the preferred supplier for AAA, offering charging solutions at preferred pricing to over 12,000 service providers across 27 AAA clubs in the US and CAA clubs in Canada.

How many service providers will have access to ChargePoint's (CHPT) preferred pricing?

More than 12,000 service providers representing 27 AAA clubs in the US and CAA clubs in Canada will have access to ChargePoint's preferred pricing.

What types of businesses are eligible for ChargePoint's (CHPT) AAA preferred pricing?

Eligible businesses include towing service providers, automotive repair companies, and similar small businesses that need EV charging capabilities.

Does the ChargePoint (CHPT) AAA agreement include support for existing charging stations?

Yes, the agreement includes support packages for existing ChargePoint charging stations owned by AAA clubs and their service providers.

ChargePoint Holdings, Inc.

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