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ChargePoint Simplifies Residential Charging with New Home Installation Program

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ChargePoint (NYSE: CHPT) has introduced a new home installation program for its ChargePoint Home Flex residential charger in the United States. This service offers a simplified 'one stop shop' for EV drivers to purchase and install a home charger. Customers can receive an immediate quote and installation date by answering three simple questions on ChargePoint's website, eliminating the need to find and vet an electrician independently.

The program leverages ChargePoint's network of certified installation partners, streamlining the traditionally complex process of home charger installation. This initiative aims to make charging easier for drivers, particularly first-time EV owners, as 80% of charging happens at home according to the U.S. Department of Energy.

The ChargePoint Home Flex Level 2 charger, an Amazon best seller in the U.S. and Canada, offers various features including scheduling charging times, adjusting charging speed, and voice assistance integration with Amazon Alexa or Apple's Siri.

ChargePoint (NYSE: CHPT) ha introdotto un nuovo programma di installazione domestica per il suo caricabatterie residenziale ChargePoint Home Flex negli Stati Uniti. Questo servizio offre un 'sportello unico semplificato' per i conducenti di veicoli elettrici per acquistare e installare un caricabatterie domestico. I clienti possono ricevere un preventivo immediato e una data di installazione rispondendo a tre semplici domande sul sito web di ChargePoint, eliminando la necessità di trovare e valutare un elettricista in modo indipendente.

Il programma sfrutta la rete di partner di installazione certificati di ChargePoint, semplificando il tradizionale processo complesso di installazione del caricabatterie domestico. Questa iniziativa mira a facilitare la ricarica per i conducenti, in particolare i proprietari di veicoli elettrici alle prime armi, poiché l'80% della ricarica avviene a casa, secondo il Dipartimento dell'Energia degli Stati Uniti.

Il caricabatterie ChargePoint Home Flex Level 2, un best seller su Amazon negli Stati Uniti e in Canada, offre varie funzionalità tra cui la programmazione degli orari di ricarica, la regolazione della velocità di ricarica e l'integrazione dell'assistenza vocale con Amazon Alexa o Siri di Apple.

ChargePoint (NYSE: CHPT) ha presentado un nuevo programa de instalación en el hogar para su cargador residencial ChargePoint Home Flex en Estados Unidos. Este servicio ofrece un 'todo en uno simplificado' para los conductores de vehículos eléctricos para comprar e instalar un cargador en casa. Los clientes pueden recibir una cotización inmediata y una fecha de instalación respondiendo a tres simples preguntas en el sitio web de ChargePoint, eliminando la necesidad de encontrar y evaluar a un electricista de forma independiente.

El programa aprovecha la red de socios de instalación certificados de ChargePoint, agilizando el tradicional proceso complejo de instalación de cargadores en el hogar. Esta iniciativa tiene como objetivo facilitar la carga para los conductores, especialmente aquellos que son propietarios de vehículos eléctricos por primera vez, ya que el 80% de la carga ocurre en casa, según el Departamento de Energía de EE. UU.

El cargador ChargePoint Home Flex Level 2, un éxito de ventas en Amazon en EE. UU. y Canadá, ofrece varias funciones, incluyendo la programación de horarios de carga, ajuste de la velocidad de carga y la integración de asistencia por voz con Amazon Alexa o Siri de Apple.

ChargePoint (NYSE: CHPT)는 미국에서 ChargePoint Home Flex 주거용 충전기를 위한 새로운 가정 설치 프로그램을 도입했습니다. 이 서비스는 전기차 운전자가 가정용 충전기를 구매하고 설치할 수 있는 '원스톱 샵'을 제공합니다. 고객은 ChargePoint 웹사이트에서 세 가지 간단한 질문에 답하여 즉각적인 견적과 설치 날짜를 받을 수 있어, 전기기술사를 독립적으로 찾고 검증할 필요가 없습니다.

이 프로그램은 ChargePoint의 인증된 설치 파트너 네트워크를 활용하여 가정용 충전기 설치의 전통적으로 복잡한 과정을 간소화하고 있습니다. 이 이니셔티브는 특히 처음으로 전기차를 소유한 운전자의 충전 과정을 쉽게 만들기 위해 고안되었으며, 미국 에너지부에 따르면 전기차 충전의 80%가 가정에서 이루어집니다.

ChargePoint Home Flex Level 2 충전기는 미국과 캐나다의 아마존 베스트셀러로, 충전 시간 예약, 충전 속도 조절, 아마존 알렉사 또는 애플의 시리와의 음성 지원 통합 등 다양한 기능을 제공합니다.

ChargePoint (NYSE: CHPT) a lancé un nouveau programme d'installation à domicile pour son chargeur résidentiel ChargePoint Home Flex aux États-Unis. Ce service offre un 'guichet unique simplifié' pour les conducteurs de véhicules électriques souhaitant acheter et installer un chargeur à domicile. Les clients peuvent obtenir un devis immédiat et une date d'installation en répondant à trois questions simples sur le site Web de ChargePoint, éliminant ainsi la nécessité de trouver un électricien de manière indépendante.

Le programme s'appuie sur le réseau de partenaires d'installation certifiés de ChargePoint, simplifiant le processus traditionnellement complexe d'installation de chargeurs à domicile. Cette initiative vise à faciliter la charge pour les chauffeurs, en particulier pour les nouveaux propriétaires de véhicules électriques, car 80 % de la charge se fait à domicile, selon le Département de l'énergie des États-Unis.

Le chargeur ChargePoint Home Flex Level 2, un best-seller sur Amazon aux États-Unis et au Canada, offre diverses fonctionnalités telles que la programmation des heures de charge, l'ajustement de la vitesse de charge et l'intégration de l'assistance vocale avec Amazon Alexa ou Siri d'Apple.

ChargePoint (NYSE: CHPT) hat ein neues Heiminstallationsprogramm für seinen ChargePoint Home Flex Wohnungsaufladegerät in den Vereinigten Staaten eingeführt. Dieser Service bietet eine 'vereinfachte Ein-Stop-Lösung' für Elektrofahrzeugfahrer, um einen Heimladegerät zu kaufen und zu installieren. Kunden können sofort ein Angebot und ein Installationsdatum erhalten, indem sie drei einfache Fragen auf der ChargePoint-Website beantworten, wodurch die Notwendigkeit entfällt, einen Elektriker selbst zu finden und zu überprüfen.

Das Programm nutzt das Netzwerk von zertifizierten Installationspartnern von ChargePoint und vereinfacht den traditionell komplexen Prozess der Installation von Heimladegeräten. Diese Initiative zielt darauf ab, das Aufladen für Fahrer zu erleichtern, insbesondere für neue Elektrofahrzeugbesitzer, da 80 % des Ladevorgangs gemäß dem U.S. Department of Energy zu Hause erfolgt.

Das ChargePoint Home Flex Level 2 Ladegerät, ein Bestseller bei Amazon in den USA und Kanada, bietet verschiedene Funktionen wie die Programmierung von Ladezeiten, Anpassung der Ladegeschwindigkeit und Sprachassistenzintegration mit Amazon Alexa oder Apples Siri.

Positive
  • Introduction of a simplified home installation program for ChargePoint Home Flex chargers
  • Streamlined process eliminates the need for customers to find and vet electricians
  • Potential for increased sales of ChargePoint Home Flex chargers due to easier installation process
  • ChargePoint Home Flex is an Amazon best seller in the U.S. and Canada
Negative
  • None.

Insights

ChargePoint's new home installation program is a strategic move to simplify EV adoption and strengthen its position in the residential charging market. By offering a "one-stop shop" for charger purchase and installation, the company addresses a key pain point for new EV owners. This streamlined process could potentially increase sales of the ChargePoint Home Flex charger and improve customer satisfaction.

The program leverages ChargePoint's existing network of certified installers, creating a scalable model that could be more cost-effective than building an in-house installation team. By integrating this service with their popular Home Flex charger, ChargePoint is differentiating itself in a competitive market and potentially increasing customer lock-in to their ecosystem.

While this initiative may boost short-term revenues, its long-term impact will depend on execution quality and customer adoption rates. Investors should monitor key metrics like installation service uptake, customer satisfaction scores and any changes in Home Flex charger sales volumes to gauge the program's success.

This new program aligns well with the growing EV market trends. With 80% of EV charging happening at home, according to the U.S. Department of Energy, ChargePoint is targeting a critical segment of the charging infrastructure. The simplified installation process could accelerate adoption among first-time EV buyers who might otherwise be deterred by the complexity of setting up home charging.

ChargePoint's strategy also addresses the "chicken-and-egg" problem in EV adoption: the need for widespread charging infrastructure to support increased EV sales. By making home charging more accessible, they're contributing to the overall growth of the EV ecosystem.

However, the impact on ChargePoint's financials may be gradual. While this program could drive increased sales of Home Flex chargers, the margins on installation services are likely to be slim. The real value lies in expanding ChargePoint's user base and increasing engagement with their app and broader charging network, potentially leading to higher long-term revenue from software and services.

CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), today announced that drivers who purchase a ChargePoint Home Flex residential charger in the United States will be able to include a simple, affordable, and straightforward home installation with their purchase. The new service provides a frictionless “one stop shop” for an EV driver to purchase and install a home charger.

ChargePoint introduces a new service to provide a frictionless “one stop shop” for an EV driver to purchase and install a ChargePoint Home Flex residential charger. (Photo: Business Wire)

ChargePoint introduces a new service to provide a frictionless “one stop shop” for an EV driver to purchase and install a ChargePoint Home Flex residential charger. (Photo: Business Wire)

Through the program, which is available exclusively on ChargePoint’s website, drivers who choose home installation only need to answer three simple questions about their home to be provided with an immediate quote and date for installation. This eliminates the need to find an electrician, schedule a pre-installation visit to get a quote, or separate the charger purchase from the installation process. ChargePoint leverages its network of certified installation partners to handle the service, eliminating the need for drivers to find and vet an electrician themselves. According to the U.S. Department of Energy, 80% of charging happens at home, and through this program, ChargePoint is enabling a more convenient experience.

“Making charging easy for drivers, particularly first-time EV owners, is critical to the adoption of electric vehicles,” said JD Singh, Chief Customer Experience Officer at ChargePoint. “This quotation and installation service, incorporated into the charger purchase, streamlines a traditionally cumbersome experience. ChargePoint now simplifies everything from quotation to installation with a single in-person touch point, the installation itself.”

The ChargePoint® Home Flex Level 2 charger, an Amazon best seller in the U.S. and Canada, can be installed indoors or outdoors. It comes with a 23-foot charging cable to support a variety of parking configurations and/or charging port locations on a particular EV. Using the ChargePoint mobile app, drivers can schedule charging times when energy is cheapest, adjust their charging speed, and get reminders to plug in. Home Flex can also connect with Amazon’s Alexa or Apple’s Siri for easy voice assistance to check charging status, start or stop charging, review charging activity, and more. The ChargePoint mobile app enables access to more than one million places to charge globally across public, private, and roaming ports, making it a single resource for all EV charging needs.

For more information, please visit: www.chargepoint.com.

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 has been an innovator of all things EV charging since 2007, before the first mass market electric vehicle was on the road. ChargePoint offers solutions for the entire EV ecosystem including drivers, charging station owners, vehicle manufacturers and others. Accessible and reliable, ChargePoint’s portfolio of software, hardware, and services enables a seamless experience for drivers across North America and Europe. With ChargePoint, every driver who needs to charge can do so, accessing more than 1 million places to charge globally. ChargePoint has powered more than 10 billion electric miles and will continue to innovate as part of a mission to lower global emissions while improving the future of transportation. 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.

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

Source: ChargePoint Holdings, Inc.

FAQ

What is ChargePoint's new home installation program for EV chargers?

ChargePoint's new home installation program offers a simplified 'one stop shop' for EV drivers to purchase and install a ChargePoint Home Flex residential charger. Customers can receive an immediate quote and installation date by answering three simple questions on ChargePoint's website.

How does ChargePoint's new installation service simplify the process for customers?

The new service eliminates the need for customers to find an electrician, schedule a pre-installation visit for a quote, or separate the charger purchase from the installation process. ChargePoint uses its network of certified installation partners to handle the service.

What features does the ChargePoint Home Flex Level 2 charger offer?

The ChargePoint Home Flex Level 2 charger offers features such as scheduling charging times, adjusting charging speed, and voice assistance integration with Amazon Alexa or Apple's Siri. It can be installed indoors or outdoors and comes with a 23-foot charging cable.

How does ChargePoint's new program impact CHPT stock?

While the direct impact on CHPT stock is not specified, the new home installation program could potentially increase sales of ChargePoint Home Flex chargers by simplifying the purchase and installation process for customers, which may positively affect the company's performance.

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