ChargePoint Holdings, Inc. has acquired ViriCiti, a provider of electrification solutions for eBus and commercial fleets. ChargePoint acquired ViriCiti for a total purchase price of approximately €75 million (approx. $88.07 million) in cash, subject to adjustment. The ViriCiti team, customer accounts and technology will become part of ChargePoint’s operations.
The companies say 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.
Founded in 2012, ViriCiti today 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.
