ChargePoint acquired ViriCiti for a total purchase price of approximately $88 million in cash, subject to adjustment.
The ViriCiti team, customer accounts and technology will become part of ChargePoint’s operations. Along with the pending acquisition of leading European e-mobility technology provider has·to·be, this transaction confirms ChargePoint’s commitment to the electrification of fleet and commercial segments in North America and Europe.
ViriCiti will enhance the ChargePoint fleet solution portfolio of hardware, software, and services by integrating information sources to optimize electric fleet operations, including battery management, charging station monitoring, OEM-agnostic telematics, vehicle maintenance, and vehicle operations data. The combined solution will enable fleets to identify what routes to electrify, monitor, and report on uptime, optimize fueling to ensure operational readiness at low cost, and integrate vehicle and charging station management. Working with existing systems of record enables ChargePoint to deliver the most complete set of solutions for electric fleet operators, ensuring success from initial infrastructure buildout to optimization and growth.
Founded in 2012, ViriCiti has more than 50 employees in the Netherlands and U.S., and established market share in North America and Europe with approximately 150 fleet operators, 3,500 connected vehicles, and 2,500 networked ports under management. ViriCiti customers include prominent fleet operators and OEMs, such as Arriva, Berliner Verkehrsbetriebe, Chicago Transit Authority, GILLIG, Keolis, King County Metro, Metropolitan Transit Authority (New York), PicNic, San Francisco Municipal Transportation Authority, and Toronto Transit Commission.