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HCLTech Partners with ChargePoint to Improve EV Charging Technology

Written by: Team Angel OneUpdated on: Feb 6, 2025, 3:26 PM IST
HCLTech collaborates with ChargePoint to advance EV charging software development, opening a new R&D centre in Bengaluru to enhance scalable solutions.
HCLTech Partners with ChargePoint to Improve EV Charging Technology
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HCLTech, a leading global technology firm, has announced a strategic collaboration with ChargePoint, a prominent provider of networked EV charging solutions. This partnership aims to accelerate innovation in electric vehicle (EV) charging software, a crucial component in the transition towards sustainable mobility.

As of 10:43 AM on February 6, 2025, HCL Tech’s share price was up by 0.20%.

A New Research and Development Hub in Bengaluru

As part of this initiative, HCLTech has inaugurated an advanced research and development (R&D) centre for ChargePoint in Bengaluru, India. This facility will serve as a central hub for ChargePoint’s software development efforts, leveraging HCLTech’s extensive engineering expertise to create scalable and customisable EV charging experiences.

Speaking at the launch event, Rick Wilmer, CEO of ChargePoint, highlighted the strategic importance of India in the company’s growth journey. “India has long been vital to our success, and this is a critical region for our software development. We aim to recruit the brightest talent for this new facility to develop products that will shape the future of our industry,” he said.

Strengthening the EV Charging Ecosystem

With the increasing global adoption of EVs, reliable and efficient charging infrastructure is crucial. HCLTech’s role in this collaboration is to enhance ChargePoint’s innovation strategy by integrating its advanced engineering capabilities into the development of next-generation EV charging technologies.

Ajay Bahl, Chief Growth Officer, Americas, Manufacturing, and Allied Industries at HCLTech, expressed enthusiasm about the partnership: “We are pleased to be a part of ChargePoint’s EV innovation journey and accelerate the transition towards sustainable mobility solutions. HCLTech’s comprehensive portfolio will contribute to ChargePoint’s mission to delight customers with superior charging experiences.”

About HCLTech

HCLTech is a global technology leader, operating across 60 countries with a workforce of over 220,000 professionals. The company provides cutting-edge solutions in digital, engineering, cloud, and AI, serving industries such as financial services, manufacturing, healthcare, telecommunications, and retail. For the 12 months ending December 2024, HCLTech reported consolidated revenues of $13.8 billion.

About ChargePoint

ChargePoint has been at the forefront of EV charging solutions since 2007, building one of the largest EV charging networks worldwide. Its cloud-based subscription platform and software-defined charging hardware cater to a diverse range of needs, including home, workplace, retail, and fleet charging. ChargePoint’s solutions are designed to make EV adoption seamless for businesses and drivers across North America and Europe.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Feb 6, 2025, 3:26 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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