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This statistic highlights ChargePoint Holdings’ Revenue Breakdown Worldwide, split between the United States and the rest of the world, reported on a quarterly basis from Q1 2021 onwards.
ChargePoint has been solely focused on enabling the movement of all people and products on energy for more than a decade. Today, as one of the world’s largest charging networks, ChargePoint is supporting mass electric vehicle (EV) adoption, with a strong leadership position in North America and a growing presence in Europe. The company has a well-established, capital-light business model, with growth tied to rapidly expanding EV penetration.
|Revenue by Region||Q2 2021||Q1 2022||Q2 2022||Contribution in Q2 2022|
|Rest of world||$2.61||$5.40||$5.01||8.93%|
(All figures in millions, except percentages)
With each passing quarter, the overall revenue steadily rises. The incremental increase in revenue on a quarterly basis, from $40.51 million in Q1 2022 to $56.12 million in Q2 2022 is 38.53%. Moreover, the total revenue increased from $34.96 million in Q2 2021 to $56.12 million in Q2 2022, marking a jump of 60.53% on a year-on-year basis. As shown, the highest total revenue of $56.12 million is earned by the company in the latest quarter, i.e., Q2 2022.
ChargePoint’s core activities are in the United States, but it also has contracts with parts and manufacturing suppliers in Asia, Mexico, and other areas of the world. ChargePoint is also continuing to invest in expanding its footprint in Europe and a software development team in India. ChargePoint may be exposed to risks associated with overseas operations as a result of this development, which will necessitate extra resources and controls.
ChargePoint’s revenue can be further bifurcated into the following regions:
The revenue generated from this segment has been increasing constantly. The revenue grew by almost 34% on a year-on-year basis, from Q2 2021 where the revenue generated was $9.41 million to Q2 2022 where the revenue generated is $12.58 million. When compared to Q1 2022 where the revenue generated was $11.32 million, the increase in revenue was 11.13% on a quarterly basis. However, the contribution to revenue mix from this segment fell from 19.30% in Q2 2021 to 18.92% in Q2 2022. The contribution to the revenue mix increased from 18.15% in Q1 2022 to 18.91% in Q2 2022.
Rest of the World
The revenue grew by almost 92% on a year-on-year basis, from Q2 2021 where the revenue generated was $2.61 million to Q2 2022 where the revenue generated is $5.01 million. On a quarterly basis, however, there was a decrease in revenue of 7.19%, as compared to $5.40 million in Q1 2022. The contribution to the revenue mix also fell from 13.33% in Q1 2022 to 8.93% in Q2 2022. The contribution to the revenue mix from this segment increased from 7.47% in Q2 2021 to 8.93% in Q2 2022.
ChargePoint is a global leader and one of the industry’s most extensive portfolios of hardware, software, and services for business, fleet, and residential customers, having helped pioneer networked fueling. As they strive to join in the new fueling network, businesses, fleets, and drivers turn to the ChargePoint team for EV charging information, tools, and technology. ChargePoint currently has over 4,000 commercial and fleet customers and has completed over 87 million charging sessions. With total cumulative investment in EV charging infrastructure in the United States and Europe expected to be $60 billion by 2030 and $192 billion by 2040, ChargePoint’s established business model, comprehensive portfolio for nearly every charging scenario today, recurring revenue, and growing customer base demonstrate it is well positioned to continue to lead as the electric mobility revolution accelerates.
In parking lots, depots, and residential settings, ChargePoint fuels all types of vehicles (from passenger cars to delivery trucks to buses) across use cases (from L2 to DC rapid charging). It is the investment basket for automotive and mobility brands that is switching to electric. ChargePoint is striving to integrate into everything, not just charging it. It is now available in vehicles via native infotainment systems, as well as Apple CarPlay and Android Auto. Payment systems, mobile wallets, fleet fueling cards, and utility programs are all integrated with ChargePoint. The common stock of the company is listed on the NYSE under the ticker “CHPT”.
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