On March 29, 2022, ChargePoint, a leading electric vehicle (EV) charging network, announced a partnership with Goldman Sachs Renewable Power (GSRP), a strategic, long-term investor in clean energy projects. Together, ChargePoint and GSRP are introducing new tailored financing solutions as part of the ChargePoint as a Service® (CPaaS®) product family to reduce the upfront costs of EV charging technology for eligible customers. Wilson Sonsini Goodrich & Rosati advised ChargePoint on the transaction.

Through this unique partnership, eligible customers can choose the CPaaS option that best fits their needs, which now includes both financed and turnkey charging. The new financed option enables customers to pay for charging infrastructure as an operational expense, and the turnkey option enables customers offering public charging to host a station at zero cost to them. The partnership will enable customers to implement a superior EV charging solution at no capital expense.

As a result of this collaboration, ChargePoint and GSRP are helping remove the barriers to large-scale EV charging adoption and providing an easy way for customers of all kinds to participate in the electric revolution.

The Wilson Sonsini team that advised ChargePoint on the transaction included Scott Zimmermann, Barath Chari, and Matt Bogdan.

For more information, please see ChargePoint’s press release.