ChargePoint fuels north San Jose expansion through lease deal

SAN JOSE — ChargePoint has leased two large buildings in San Jose in what appears to be an expansion for the green energy company.

The supplier of charging stations and services for electric vehicles has leased two buildings in north San Jose near the corner of Zanker Road and Charcot, documents filed with the Santa Clara County Recorder’s Office show.

ChargePoint has leased buildings at 2191 Zanker Road and 150 Charcot Ave., according to the county property records.

The north San Jose buildings that ChargePoint has leased total a combined 88,200 square feet. Both of the office and research buildings that were leased are one-story high and are owned by the real estate firm Dollinger Properties.

The 2191 Zanker building totals 46,300 square feet and the 150 Charcot building totals 41,900 feet, according to information provided by the Compstak commercial property service.

In December 2021, direct observation by this news organization of the buildings showed that interior construction work was underway on the Charcot Avenue building. The ChargePoint logo was visible in front of and on the entrance to the Zanker Road building.

Campbell-based ChargePoint conducted an initial public offering in March 2021 that raised $480 million, the company stated at the time of the IPO.

“ChargePoint is well-positioned for continued growth in North America and Europe as the shift to electrified mobility takes hold globally,” Pasquale Romano, the company’s chief executive officer, said in a prepared release at the time.

The start-up company designs and builds charging stations that can be used to power up hybrid cars and electric vehicles that can be plugged in.

ChargePoint’s charging stations are can be found in an array of locations, including parking lots in apartment complexes, hotels, office centers and retail malls, as well as along public streets.

Typically, drivers pay for access to the ChargePoint system through a cloud-based monthly subscription system.

“With one ChargePoint account, drivers can access hundreds of thousands of places to charge in North America and Europe,” the company states on its website.

Over the one-year period that ended in October 2021, ChargePoint lost $342.5 million on revenue of $204.1 million, according to the Yahoo Finance site.